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These visas are suited to investors and business owners who wish to invest or establish business operations in Australia. These visas are 4 year temporary visas, however, once received, visa holders can apply for a Subclass 888 Permanent Residence Visa.
The Subclass 188 Visa has five visa Streams:
Income that you earn from your complying investment in Australia is subject to tax under Australian taxation law.You must also have a genuine and realistic commitment to continue your business and investment activity in Australia after the conclusion of your provisional visa.
You, your partner (spouse or de facto), or you and your partner combined must have net assets of at least AUD15 million that are legally acquired, unencumbered, and available to be used to make the complying investment in Australia.
You and your partner must not have been involved in unacceptable business or investment activities.You, your partner and other family members aged at least 18 must agree not to bring any action against the Commonwealth for any loss relating to your complying investment.
A Complying Entrepreneur Activity is an activity that relates to an innovative idea that will lead to the commercialisation of a product or service in Australia, or the development of an enterprise or business in Australia.
This activity must not relate to any of the following excluded categories:
An activity is a complying entrepreneur activity if all of the following requirements are met:
Business Innovation Stream (188 Provisional) Visa
This option requires you to have owned a business and to be intending to establish business operations in Australia. You will need to meet the following criteria if you are applying through the Business Innovation Stream:
A subclass 188 Business Innovation visa holder may be eligible to apply for one extension for a 2 year period, if:
Investor Stream (188 Provisional) Visa
This option requires Applicants to have managed investments or owned a business in Australia and have a willingness to make further investments in Australia. The applicant must be willing to invest AUD $5 million in Australian State or Territory Government bonds, known as a “designated investment” once the eligible investment has matured. If you are applying for the Investor Stream, the Applicant must:
What are eligible investments for the purposes of this visa? The investment must produce a “return” and cannot be for personal use. This list is includes:
What is a designated investment for the purposes of this visa?
An investment in State or Territory government issued bonds.
Significant Investor Stream (188 Provisional)
The Significant Investor Stream is available to Applicants willing to invest at least AUD $5 million a complying investment. The Applicant must show (among other things):
A Significant Investor Visa holder may be able to apply for up to TWO extensions of the visa, so long as they continue to hold the requisite interest in the complying investments. What is a complying investment? The required AUD $5 million must be invested in:
Direct investment in Australian Real Estate will NOT be considered a complying investment for the purposes of this visa.
If you are intrested to immigrate to Australia, fill out our online assessment form.
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Disclaimer: VisaAffix Services L.L.C. provides consultancy services to clients for temporary as well as permanent residency visa-related matters and deals with documentations and filing applications. It is neither a legal firm nor does it provide any kind of legal advice/assistance or suggestions to its clients/users/visitors. The information presented on our website should be used for reference purposes only and not as a substitute for any professional advice.