The subclass 188C visa is a temporary visa for high-net-worth, significant professionals mandating a minimum of AUD 5 million investment in compliant Australian ventures and the maintenance of investment or business activities within the nation. Discover further details about this provisional visa option.
Stay
The Significant Investor stream of the subclass 188C visa permits you to live in Australia for a specified duration.
How Long You Can Stay
You have the permission to travel to, enter, reside in, and conduct business in Australia for up to five years if you hold visa 188C.
Stay Longer
After having this provisional visa for three years, you are eligible to apply to be a permanent resident to live and run your business or investment in Australia.
With this Visa, You Can
This provisional visa allows you to do several things.
- Include eligible family members in your relocation.
- Manage a new or existing business within Australia.
- Apply for permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888) under the Significant Investor stream, subject to specific requirements.
You Must
On this provisional visa, you must:
- Comply with Australian workplace laws.
- Upkeep your investment in Australia.
Processing Times
After fulfilling the 188C visa requirements and submitting your application, expect a 10-business-day waiting period for nomination. Subsequently, the results typically take 21 to 32 months to arrive.
Please note that processing times may fluctuate based on the volume of incoming and existing applications.
When You Have this Visa
The subclass 188C visa has specific limitations throughout your stay in Australia. This guide offers comprehensive insights.
Coming to Australia
Before departing for Australia, ensure you have your valid 188C visa Australia and essential travel documents, including a valid passport, to facilitate entry into the country.
Upon arrival in Australia, complete the Incoming Passenger Card provided during your flight.
In Australia
With this visa, you are allowed to:
- Initiate or manage a business, subject to a potential business activity survey.
- Bring eligible family members to live with you.
- Seek permanent residence through the Business Innovation and Investment (Permanent) subclass 888 visa under the Significant Investor stream.
- Adhere to all visa conditions.
- Obey Australian laws.
- Maintain your investment with these proportions:
- Invest a minimal AUD 1 million in growth private equity funds and venture capital that support start-ups and small private companies.
- Allocate at least AUD 1.5 million to approved managed funds that invest in companies listed on the Australian Stock Exchange.
- Maintain a ‘balancing investment’ of at least AUD 2.5 million in managed funds.
- Follow Australian workplace laws.
- Notify the Australian authorities of any changes to your contact details, passport information, marital status, or family additions.
Leaving Australia
Before departing for Australia, ensure you have your valid visa and essential travel documents, including a valid passport.
Conclusion
Applying for the Significant Investor stream subclass 188C visa is advisable for sustained business or investment activities in Australia.
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