The 5 Different Visa Streams of Subclass 188 (Part 2)
All 188 visas are provisional residence and it is a 2 step process to permanent residence. All applicants for 188 visas must be nominated by a State or Territory Government.
The third visa is the 188C – Significant Investor Visa or SIV. This is for business owners or investors with at least A$5 million and the ability to invest all of that into a complying investment for a minimum of 4 years. What investments satisfy the definition of ‘complying’ is laid down in the immigration regulations. Applicants have more options with regard to investments than with a 188B Investor Visa application.
Fourthly, there is the 188D – Premium Investor Visa. This is a provisional visa who are nominated by Austrade and invest at least A$15 million in Australian investments and/or philanthropic contributions.
Lastly, there is 188E – Entrepreneur. You must; undertake, or propose to undertake a complying entrepreneur activity in Australia, have a funding agreement of at least A$200,000 to carry out entrepreneurial activity in Australia, show a business plan for your entrepreneurial activity, and have at least competent English.
Business and Investor visa applications are detailed and complex – probably the most complex of Australia’s visa applications. It’s really important you get good advice so that you completely understand your options. Get in contact with Four Corners on +61 2 8904 0100 or email@example.com and secure your Business and Investor Visa.