MIGRATION
Subclass 188C - Significant Investor Stream (Provisional)
2021-10-14 14:09:06

188C Significant Investor Stream (Provisional)

This provisional visa is for people who invest at least AUDS,000,000 in Australian investments that meet certain requirements and maintain investment activity in Australia.

 

Eligibility 

• Be able to invest at least AUD5,000,000 into complying investment funds.
• No age, English and points test requirements. 
• Be nominated.


Investment Requirements 

• 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. Indirect investment in residential property through managed funds is strictly limited.
• You must not use investments as security or collateral for a loan.


The investment and held investment for Subclass 188C visa must

• Be invested directly by the applicant or jointly with the spouse or de facto partner;
• Be conducted through the company with completed issued shares and owned the applicant or jointed owned with the spouse or de facto partner;
• Be conducted by a valid trust, the trustee and the beneficiary/beneficiaries of the trust must include the applicant or the spouse or de facto partner.


Source of funds 

• You need to provide your asset portfolio's source of funds
• You need to provide a signed declaration listing the sources of funds for your asset portfolio, and that these funds were lawfully acquired.
• Also give us evidence to support your source of funds declaration:

(a)   for business income, give us evidence of business ownership, performance and profit distribution. For example, company registration and shareholder records, financial statements or taxation records

(b)   for investment income, give us evidence of investment activities and performance. For example, statements issued by stocks trading company, property purchase and sale contracts, leases or investment product contracts.

(c) for gifted or inherited assets, give us duly witnessed gift deeds or wills. Also give us other evidence demonstrating how the original owner accumulated the assets.

(d) for historical accumulation of wealth where official verifiable evidence is no longer available, give us bank records demonstrating continuous ownership of funds over a substantial period.

(e) for assets held in Australia, give us evidence which links the assets to the declared sources. 

 

888C Significant Investor Stream (Permanent) 


Eligibility

• The primary holder of a Business Innovation and Investment (Provisional) (subclass 188) visa in the Significant Investor stream or Significant Investor Extension stream, or
• The holder of a Business Innovation and Investment (Provisional) (subclass 188) visa granted on the basis that you were the spouse or de facto partner of a person who held a Business Innovation and Investment (Provisional) (subclass 188) visa in the Significant Investor stream or Significant Investor Extension stream, and you have ceased to be the spouse or de facto partner of that person or that person has died.
• Invested AUD5,000,000 in a ‘complying investment’ or a ‘complying significant investment’ .
• You must have been in Australia for at least the number of days worked out by adding the results of paragraphs (a) and (b):

(a) 40 multiplied by the number of complete years in the period in which you held a subclass 188 visa in the Significant Investor stream, and

(b) 40 multiplied by the number of years (if any) (treating a part of a year as one year) in the period in which you held a subclass 188 visa in the Significant Investor Extension stream

 

*During the COVID-19 period, concession policy applies.

If meeting 888C requirement within 4 years, apply for 888C.

If not meeting 888C requirement, apply for 888C extension visa.


In the previous：Subclass 188B/888B – Investor Stream The next article：Subclass 188E - Entrepreneur Stream (Provisional)
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