Significant Investor Stream (Subclass 188C)
Also known as the "SIV" visa, it is one of the four major categories of Australia's 188 series of business innovation Stream. Suitable for anyone willing to invest at least 5 million Australian dollars into a compliance fund designated by the Australian government within the specified time, and that the applicant can explain the Source of the Fund. The investment period for 188C is four years. The pathway to Australia's permanent residency for 188C is an 888C permanent residence (PR) visa.
The residency requirement for the main applicant during the 188C stage is: to live in Australia for 160 days (accumulatively).
The visa category was launched on 24 November 2012, and it has been widely welcomed by people with high net worth. There was an amendment in investment areas on 1 July 2015. 188C is still one of the favourite visa subclasses for global investors.
This visa is mainly for the following groups:For high-net-worth individuals who want to invest and relocate to Australia soon.
ADVANTAGES
- No English requirement
- No academic requirements
- No business background requirements
- No EOI Points requirement
- The spouse and children under the age of 23 can apply for the visa together with the main applicant
- Flexible residence requirements
- Children can enjoy 13 years of free public system education in Australia
- You can travel to and from Australia freely within the validity period of your visa
- Pathway to permanent residency, i.e. 888C
Eligibility
- Be nominated
- Invest at least AU$5,000,000
- If you were invited to apply on or after 1 July 2021
- At least AU$1,000,000 (20%) - in woventure capital an dgrowth private equity funds which invest in start-ups and small private companies
- At least AU$1,500,000 (30%) - in approved managed funds. The managed funds must invest in emerging companies listed on Australian Stock Exchange
- At least AU$2,500,000 (50%) - in approved managed funds. The managed funds must invest in a 'balancing investment'
Remarks:
- The applicant needs to explain the source of funds.
- The managed funds can invest in a range of assets, including companies listed on the Australian stock exchange, Australian corporate bonds or notes, annuities and commercial real estate.
- Direct investment in residential real estate is prohibited
- The investor must not use investments as security or collateral for a loan
- The investor must make a complying significant investment on or after the tie of application for the visa
- If you were invited before 1 July 2021
- At least AU$500,000 (10%) - in venture capital and growth private equity funds, which invest in start-ups and small private companies
- At least AU$1,500,000 (30%) - in approved managed funds. The managed funds must invest in emerging companies listed on the Australian Stock Exchange
- At least AU$3,000,000 (60%) - in approved managed funds. The managed funds must invest in a 'balancing investment'.
Remarks:
- The applicant needs to explain the source of funds.
- The managed funds can invest in a range of assets, including companies listed on the Australian stock exchange, Australian corporate bonds or notes, annuities and commercial real estate.
- Direct investment in residential real estate is prohibited
- The investor must not use investments as security or collateral for a loan
- The investor must make a complying significant investment on or after the tie of application for the visa