A few days ago, after the news that the Australian 188C major investor visa may be abolished, the 188A and 188B visas became increasingly tense. Next, the editor will take you to learn about the 188A and 188B visas and specific application requirements!
What is the Australian 188A visa?
Australia 188A Business Innovation Visa is an entrepreneurial immigration project launched by the Australian government in 1981. It was predecessored by 163A. It has a history of 40 years so far. It is one of the long-standing immigration projects in the Commonwealth countries with better policy sustainability. 188A is mainly aimed at shareholder customers. Applicants will receive a one-time residence visa of up to 5 years and 3 months for about 1.5 years after submitting the application, and invest in initial funds starting from 200,000 Australian dollars in entrepreneurship in Australia. After entrepreneurship for 2 years, the whole family can be transferred to permanent residence after 3 years of visa. It is one of the projects in the current large country with low cost and fast permanent residence. During the 188A temporary residence visa, children can enjoy free local public education.
What are the requirements for applying for 188A visa?
1. Commercial immigration EOI score at least 65 points;
2. Get nominations from the state government or territory;
3. In the past 4 fiscal years before receiving the invitation, the turnover of 750,000 Australian dollars in 2 fiscal years (can be accumulated by the two companies) and meet the following:
-annual turnover is less than 400,000 Australian dollars, accounting for at least 51% of the shares;
-annual turnover is greater than or equal to 400,000 Australian dollars, accounting for 51% of the shares;
-annual turnover is greater than or equal to 400,000 Australian dollars, accounting for stake At least 30%;
-listed company, with a shareholding of at least 10%;
4. The accumulated net assets of the applicant or spouse or both parties reach at least 1.25 million Australian dollars;
5. You must have a successful business background and the true intention to continue to manage business in Australia;
6. Age must be under 55 years old, and some states can exempt the age requirements; what application conditions are required to transfer to permanent residence in
188A?
As long as any of the husband and wife meets the entrepreneurship (residence) requirements, they can become the main applicant for the 888 permanent residence visa.
1. During the period of holding a 5-year residence visa, the 2-year entrepreneurship requirements are met;
2. In the first two years of application, the shareholding shall not be less than 30%; if it is a listed company, the shareholding shall not be less than 10%;
3. In the first year of application, the annual turnover shall reach at least 300,000 Australian dollars; if it is less than 51%, the annual turnover shall reach at least 400,000 Australian dollars;
4. During the two years of entrepreneurship, the 3 conditions for living in the guaranteed state for at least 1 year, 5. The following three conditions are met:
①. The net worth of the couple in the name of the couple reached 600,000 Australian dollars;②. The company's net assets reached 200,000 Australian dollars;
③. Hire 2 local full-time employees;
6, hold an Australian 188A visa for 3 years.
What is the Australian 188B investment immigration visa?
Australia 188B visa is an investment immigration project launched by the Australian government in 1981. Its predecessor was 165 and has a history of 40 years so far. It is one of the Commonwealth countries. Australia 188B is one of the immigration projects with continuous and stable policies. InvestorVisa is a commercial immigration channel opened by Australia for investors, aimed at people with investment experience in real estate, stocks, funds and other fields. Meet the application conditions for this project, and invest 2.5 million Australian dollars in a compliant investment, and meet simple living conditions. You can transfer to a permanent residence after 3 years to get an Australian green card.
What are the requirements for applying for 188B visa?
1. If the age is under 55 years old, some states can exempt age requirements;
2. Have high-level investment management skills and at least 3 years of direct investment management experience (relevant proof information is required);
3. In the first two years of application, I have a net worth of at least 2.5 million Australian dollars;
4. In the past five years, 10% of the business shares or managed investments of 2.5 million Australian dollars;
5. 2.5 million Australian dollars can be invested in a designated portfolio;
-at least AUD 500,000 to Australian venture capital or private equity products;
-at least AUD 750,000 Compliant Small Business Fund or Small Business Listed on the Australian Stock Exchange (ASX);
-at most AUD 1.25 million "balance investment" into management funds or invest in other compliant assets, including AUD 1.4 million listed companies, compliant corporate bonds or bills , annuities and real estate listed investment company .
6. The commercial immigration score meets 65 points; what application requirements are required to convert to permanent residence in
188B?
1. Holding a 188B visa for at least 3 years, you can submit a permanent residence application.
2. During the period of holding a 188B visa, he continued to hold a compliant investment of 2.5 million Australian dollars. The main applicant or spouse of the
3.188B visa shall live in the guaranteed state for a total of 2 years before submitting the application for permanent residence.
4. Compliance investment requirements:
(a) 20% Venture Capital VC Fund (500,000 AUD)
(b) 30% Small and Medium Edition Stock Fund (750,000 AUD) (c) 50% Balanced Investment Fund (1.25 million AUD)
Special reminder: 188B applicants can swap the main and deputy applicants in the 888B stage, that is, the deputy applicants of 188B can serve as the main applicants of 888B to meet the investment and residence requirements and apply for permanent residence.
