Overview
This provisional visa is for people who invest at least AUD 5 million in Australian investments that meet certain requirements and maintain investment activity in Australia.
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Eligibility
- No age limit
- No English required
- No need to participate in the scoring test
- No need for any business experience and business background
- If you were invited to apply, you must make a complying significant investment of at least AUD 5 million when we invite you to, and have a genuine intention to hold that investment for the life of your provisional visa. It must be invested in the following proportions:
- At least AUD 1 million in Venture Capital and Growth Private Equity Funds which invest in start-ups and small private companies
- At least AUD 1.5 million in approved managed funds. The managed funds must invest in emerging companies listed on the Australian Stock Exchange
- A ‘Balancing Investment’ of at least AUD 2.5 million in managed funds
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Stay
Up to 5 years (provisional visa)
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Processing Time
Approximately 6 – 9 Months
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After obtaining the 188C visa, the applicant needs to meet all the following conditions to apply for the 888C permanent residence visa:
- The applicant has held a 188C visa for 3 years and maintained this major compliance investment project in Australia during the period of holding the 188C visa
- Within 5 years before applying for permanent residency, have lived in Australia for at least 3 years, and the applicant has lived in Australia for at least 40 days per year (calculated as a full year after obtaining the 188C visa) Or the applicant’s spouse lives in Australia for at least 180 days per year (calculated as a complete year after the applicant obtains the 188C visa)