Since Australian immigration picked up, many friends have asked us about 188C application matters. Today, the editor of Xinghan will give you a comprehensive summary of the basic situation of applying for 188C and transferring to permanent residence visa in the future.
Introduction to Australia’s 188C Visa (Temporary Residence)
188C Prominent Investor Visa, commonly known as the 5 million Australian dollar investor visa, is the simplest of the three visa categories of Australia’s 188 Business Innovation and Investment Temporary Residence Visa. This type of visa requires applicants to invest AUD 5 million in a compliant fund recognized by the Australian government and prove the legal source of the funds. When the conditions are met, you can transfer to the 888C permanent residence visa.
188C visa application conditions?
1. Obtain an invitation from the state/territory government or Austrade for nomination and visa application.
2. Have assets of at least 5 million Australian dollars, which must be legally acquired, disposable, and can be used for designated Australian investment products.
3. Before the visa is approved, invest at least 5 million Australian dollars in designated investment areas: 1 million Australian dollars in venture capital, 1.5 million Australian dollars in emerging enterprises, and 2.5 million Australian dollars in balanced investments.
4.Meet health and character requirements.
188C visa application process?
1. Preliminary assessment of whether the applicant meets the requirements for the 188C visa.
2. Submit an EOI application to the Australian Immigration Bureau.
3. Obtain nomination from the Australian state government and prepare the materials and funds required to apply for a visa.
4. In accordance with the requirements of the Australian government, complete the physical examination and provide non-criminal certificate .
5. Obtain the in-principle approval letter from Australia, receive the payment notice, and complete the investment transfer.
6. Submit the investment certificate, obtain the approval letter, and land in Australia within the specified time. Australian 888C Visa Introduction (Permanent Residence)
888C Significant Investor Visa is a permanent residence visa that can be applied for in Australia after obtaining the 188C Significant Investor Temporary Visa, investing in Australia and meeting the corresponding conditions. What are the application conditions for Australia 888C visa?
1. The applicant maintains compliant investments while holding the 188C visa.
2. Meet health and character requirements. meets any one of the following two residency requirements:
1. The main applicant lives in Australia for 40 days per year, or the spouse lives in Australia for 180 days per year.
2. Hold 188C visa for 3 years.
What are the application procedures for the Australian 888C visa?
1. Invest in Australia and meet the conditions for permanent residence application.
2. Apply for state government guarantee.
3. Submit 888C visa application.
4. 888C permanent residence visa was approved. The advantages of the
188C visa are very obvious. It has no language requirements, no business requirements, and no age requirements. However, the 188C visa attaches great importance to the applicant's explanation of the source of funds.
For more details, please log in to www.hect.com.au or search for "HECT Australian Hect Immigration"
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