1. Traits
Visa 188C – Significant Investor is a special visa for investors who have strong financial capacity and would like to invest at least 5 million AUD to settle in Australia with their families. This is a visa classification under the Innovator Visa.
Visa 188C has no restrictions on age, qualifications, ability to use English and does not require proof of origin of assets. This means there is no need to prove the origin of assets or have educational or English language requirements like other visa types.
2. Conditions
Visa 188C brings the following benefits to investors and families:
– Study and work for free: Investors and their families have the legal right to study and work in Australia.
– 4-year temporary residence visa: Investors and their families are granted a 4-year temporary residence visa to live and work in Australia.
– Tax incentives: Investors can enjoy tax incentives according to Australian regulations.
– Investment yield: Depending on the investment field and investment fund’s commitment, investors can enjoy yield from investment.
– Family sponsorship: Visa 188C sponsors both the investor’s spouse and children under 23 years old.
– Opportunity to be granted a permanent residence card: After 4 years of living in Australia under a temporary residence visa, the investor has the opportunity to be granted a permanent residence card.
– Naturalization: After 1 year of living in Australia as a permanent resident, investors can apply for Australian citizenship.
– Visa extension: If the investor does not meet the residency period conditions., the investor may be allowed to extend the temporary residence visa up to 2 times within 4 years.
With the 188C visa, investors and their families can enjoy the benefits and opportunities to permanently settle in Australia if they meet the residency period requirements.
3. Interests
– Study for free and work legally in Australia, creating opportunities to develop knowledge and career.
– Temporary residence visa for 4 years, allowing you to live and work in Australia for a long time.
– Tax incentives, helping to reduce the tax burden during the investment and business process.
– Receive interest from investment, depending on the industry of investment and commitment of the investment fund.
– Sponsor the entire family, including spouse and children under 23 years old, creating conditions for the whole family to enjoy benefits.
– Have the opportunity to be granted a permanent residence card after 4 years, having the possibility of long-term settlement in Australia.
– Naturalize after 1 year of living in Australia as a permanent resident, become an Australian citizen and enjoy all the benefits of a citizen.
– As long as the applicant satisfies the residency period conditions, the family will become permanent residents, bringing stability and security for the future.
– Extension is allowed 2 times within 4 years if the residency period conditions have not been met, creating flexible conditions for the settlement and investment process.