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188B/888B investment immigration
188B investor temporary residence visa (lnvestor Stream), also known as 188B investment immigration visa, is one of the three major categories of Australian business immigration 188 visa. The 188B visa is a five-year temporary residence visa established for professionals who specialize in various investment activities such as stocks, futures, funds, and foreign exchange. This visa does not require the applicant to have a business, but it requires the applicant to have A certain amount of investment experience and a certain amount of income has been obtained from it. After the visa is approved, the applicant must maintain 2.5 million Australian dollars invested in a compliant fund company for 3 years (the investment amount is 1.5 million before July 1, 2021, invested in government state bonds, The period is 4 years) and you can transfer to the 888B permanent residence visa after meeting certain residence conditions. Before submitting the 188B investment immigration visa, the applicant needs to submit an EOl first, and must first obtain a guarantee from the Australian state or territory government.
188B Investor Temporary Residence Visa
Main advantages of 188B certificate
● There is no English requirement for applicants;
● Only need to audit the company’s turnover, the minimum investment is 200,000 Australian dollars, and the form of investment business is more flexible;
● Can apply for temporary residence and corresponding permanent residence visa with eligible direct family members;
● visa holders are free to travel to and from Australia;
● During the visa period, children can attend Australian public primary and secondary schools for free;
● The whole family immigrates.
188B visa general requirements
● Need to get EOl invitation (be invited to apply);
● be guaranteed by the state government;
● Be younger than 55 years old (unless exempted by the state government);
● The score reaches 65 points (click to view the 188A investment immigration self-test form);
● Successful business or investment history.
188B visa application conditions
● If the main applicant is under 55 years old or is exempted from age by the state government, the accompanying children must not exceed 23 years old when the visa is approved.
● The EOI score of the business selection system is no less than 65 points
● At least 3 years of successful direct investment or management experience in one or more businesses
● In the two financial years before being invited, the applicant (or together with the spouse) has a total family net worth of no less than 2.5 million Australian dollars.
● Invested AUD 2.5 million in Australia for a period of 3 years before the visa application was approved (the investment amount is AUD 1.5 million before July 1, 2021, and the investment period is 4 years).
● Applicants and their spouses must meet the following investment requirements:
Hold at least 10% of the shares in a qualifying business in at least one of the five financial years before being invited
Participated in the management of investments worth at least AUD 2.5 million in at least 1 of the 5 financial years preceding the invitation:
● Not involved in illegal activities.
● Requirements for investing in Australia
Invest A$2.5 million over three years in the following funds:
1. Venture capital and growth private equity funds of at least A$500,000 invested in start-ups and small private enterprises
2. At least AUD750,000 of approved managed funds invested in emerging companies listed on the ASX
3. A flat investment of at least A$1.25 million in managed funds that may invest in a range of assets (including ASX-listed companies, Australian corporate bonds or notes, annuities and commercial real estate)
188B visa application process
1. Submit an application for expression of interest (EOI)
2. Call and obtain state government guarantee
3. Get EOl invitation
4. Complete asset audit
5. Submit application materials
6. Get the interview or interview exemption notice and supplement the materials
7. Physical examination and payment of English contribution fee
8. Signed
188B visa processing cycle
Visa application stage: about 8-12 months
188B visa application fee
● Main Applicant: AU $6,085.00
Sub-applicant over 18 years old: AU S 3,045.00
Deputy caller under 18 years old: AU $1,520.00
● Language training fee:
1. If the main applicant does not have an IELTS score report with a total score of 4.5, pay a language fee of AU$ 9,795.00
2. Spouse or accompanying children aged 18 or over, if the IELTS score does not reach 4.5, the language learning fee is AU $ 4,890.00/person. (Note: The above fees are subject to the final fees charged by the Australian immigration department)
888B investor permanent residence visa
After the applicant is approved for the 188A visa, he needs to operate the company normally in Australia and participate in daily management. After meeting the following requirements, he can transfer to the 888A business innovation and investment permanent residence visa.
888B visa application process
1. Submit state government guarantee
2. Submit visa application
3. Permanent residence visa approved
888B visa processing cycle
888B visa processing cycle
888B visa application fee
Visa application fee:
Main Applicant: AU S 2,405.00
Sub-applicant over 18 years old: AU $1,205.00
Deputy caller under 18 years old: AU S 600.00
Note: The above fees are subject to the final fee charged by the Australian Immigration Department.