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Victoria investment immigration requirements
Victoria investment immigration requirements
Victoria announced a new investment immigration policy at the beginning of 2021. In previous years, Victoria was the largest state in the 188 category of investment immigrants and accepted most of the new 188A investment immigrants. But after the New Deal, due to the addition of academic qualifications, industry requirements. The number of investment clients eligible for Victoria will be significantly reduced. This article will give you a detailed explanation of the latest changes in Victoria’s investment immigration in the 2021-22 fiscal year.
Victoria
The Victorian government will officially implement the current investment immigration policy from January 2021
Victoria Class 188A Investment Immigration
VIC Business Innovation Stream
Meet immigration department requirements
1. Under 55 years old
2. In at least 2 of the past 4 financial years, the company’s annual turnover is not less than 750,000 Australian dollars (up to 2 companies combined)
3. The couple owns any of the following companies under their names:
● Companies with an annual turnover of less than RMB 400,000, holding at least 51% of the shares
● Companies with an annual turnover rate higher than 400,000, holding at least 30% of the shares
● If it is a publicly-listed company, hold at least 10% of the shares
4. If the applicant’s business provides professional, technical or trade services, the applicant must provide these services less than half of the time and manage the business more than half of the time.
5. The total family assets owned by the applicant (or together with the spouse) are no less than AUD 1.25 million. These assets are obtained through legal channels and can be transferred to Australia within 2 years after issuance.
6. The EOI score of the business selection system is no less than 65 points
Meet Victoria’s requirements for 188A applicants
1. Yaen’s 4 points of 5 or the same language score
2. SkillSelect 188A points of at least 65 points:
3. Academic requirements
● Have a bachelor’s degree or higher in a STEMM field (science, technology, mathematics or medicine); or
● Have a master’s degree in MBA business administration; or
● Have relevant business operation history (at least 3 years) in Target Sector (Digital Technology, Advanced Manufacturing, Health and Life Sciences, Agriculture and Food, New Energy and Emission Reduction, Circular Economy, Priority Development Park)
Business requirements
1. An innovative business plan, covering all business types, but must demonstrate that it will contribute to innovation in Victoria through: ● Product innovation: new or significantly improved products or services, this includes technical specifications, Significant improvements in components and materials, software in the product, user-friendliness or other functional features
● Process innovation: new or significantly improved production or delivery methods, which include major changes in technology, equipment and/or software.
2. Applicants must also demonstrate that they will create new jobs in Victoria:
● At least 2 full-time positions.
(If the company has a turnover of more than A$1 million in the two years before applying for the 888 visa, it can be exempted from the requirement to create new jobs.)
3. If the applicant’s business plan is export business, it must demonstrate its economic contribution to Victoria through the following aspects:
● Victoria’s exports of products and services
● Victorian jobs created or retained, including knock-on effects on other Victorian suppliers
● Local economic benefits driven by business activities
● Assist Victorian companies to export products or fill market vacancies
● Expand export market
4. Applicants must prove that they are not engaged in “grey market” or “parallel export” business. The method of proof is:
● Official certificate or agreement from the trademark owner authorizing export activities; or
● The trademark owner authorizes the supplier/distributor to resell the product and consents to its possible export by commercial immigrants; or
● Certification from the trademark owner showing that the applicant is purchasing the goods for export purposes (including consultation, meetings or correspondence); or
● Partnership or contractual agreement between the trademark owner and the business immigrant.
5. The following industries will not be accepted by the Victorian government:
● Property development
Real Estate Development
● Gift stores
Gift shop
● Convenience stores
convenience store
● Cafes or restaurants
Coffee shops and restaurants
6. Meet the permanent residence requirements
7. Meet other requirements of the Immigration Bureau for 188A applicants, including personal and business financial requirements. If the applicant wants to change their business activities in Victoria, they do not need to provide a new business plan to the Victorian Government. However, applicants for new business planners must meet the Victorian nomination requirements and the Department of Immigration’s visa requirements.
Residency requirements
Applicants must reside in Victoria and demonstrate that they manage a business operating in Victoria on a daily basis.
州担保审理时间
20 working days
Victoria Class 188B Investment Immigration
VIC Business nvestor Stream
Meet immigration department requirements
1. Applicants must meet the following conditions:
● At least 3 years of successful direct investment or management experience in one or more businesses
● Successful records of qualified investment or qualified commercial activities;
● High -level management skills are shown in qualified investment or eligible business activities.
2. Applicants and their spouses must meet the following investment requirements
● Hold at least 10% of the shares in a qualifying enterprise in at least one of the five fiscal years before being invited; or
● Participated in the management of investments worth at least AUD 2.5 million in at least one of the five financial years before being invited;
(An enterprise that meets the requirements means: an enterprise that operates for the purpose of making a profit by providing goods, services, or goods and services (other than the provision of rental properties) to the public; and that is not primarily or substantially for the purpose of speculation or passive investment.)
3. In the two financial years before being invited, the applicant (or together with his spouse) has a total family net worth of no less than AUD 2.5 million.
(The assets must be legally acquired and can be transferred to Australia within 2 years of obtaining the visa.)
4. The EOI score of the business selection system is no less than 65 points
5 requirements for investing in Australia
Make an investment of AUD 2.5 million in the following funds for 3 years
● Venture Capital and Growth Private Equity Funds
Venture capital and growth private equity funds investing at least A$500,000 in start-ups and small private businesses
● Emerging companies
Approved managed funds investing at least A$750,000 in emerging companies listed on the ASX
● Balanced investment
Make a balanced 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. Fund companies can invest in a range of assets including ASX-listed companies, Australian corporate bonds or notes, annuities and commercial real estate. But you cannot invest directly in residential real estate. And investments in fund companies may not be used as security or collateral for loans.
6. Residency requirements
Have lived in the state or territory where the applicant is applying for investment for at least 2 years.
Meet VIC Victoria’s requirements for 188B applicants:
1. Under 55 years old
2. Plan to live in Victoria
3. Invest A$2.5 million in Victoria
4. The EOI score of the business selection system is no less than 80 points
Invest in Victoria
To qualify for VIC nomination, the applicant’s investment must meet the following conditions:
1. Venture capital and growth private equity investment
The venture capital and growth private equity fund must be a fund company established in Victoria:
● Early stage venture capital limited partnership (ESVCLP), venture capital limited partnership (VCLP) or fund of funds (AFOF) established in Victoria. The fund must be registered with the Department of Industry, Science, Energy and Resources and comply with the currently applicable Compliance Investment Framework. This includes eligible private equity funds.
● The provider of the Wind Investment Book and Growth Private Equity Fund has an operation office (non -family office) in Victoria and has a special employee in Victoria.
2. Emerging companies
To demonstrate that investment in “emerging companies” will bring economic benefits to Victoria, the fund must meet any of the following conditions:
● Investment in the selection of investment contains in Victoria, or
● The provider of managed funds has an operating office in Victoria.
3. Balance investments
To demonstrate that investing through Balanced Investments will bring economic benefits to Victoria, the fund must meet any of the following:
● Investment in the selection of investment contains in Victoria, or
● The provider of the managed funds has an operating office in Victoria
Your fund administrator can provide you with a fund compliance form showing the contribution the fund can make to Victoria
Residency requirements
The main and secondary applicants must live in Victoria and cannot live in other Australian states and territories. Applicants must have sufficient funds to support living in Victoria.
Financial and investment advice
The Victorian Government recommends that applicants seek professional financial and investment advice before investing to fully understand your investment options.
1. Understand the commissions and fees your financial advisor receives as this may affect their advice:
2. Register with the government’s Moneysmart Financial AdvisorExternal linkView financial advisor:
https://moneysmart.gov.au/financial-advice/financial-advisers-register
3. Do not rely on immigration agents for financial advice;
4. Anyone providing financial advice must hold an Australian Financial Services (AFS) license or work for a company that holds a license.
5. If you suspect fraud or dishonesty, contact your local police and report the misconduct to ASIC
https://asic.gov.au/about-asic/contact-us/how-to-complain/
State sponsorship application fee
free
trial cycle
20 working days
Victoria Class 188C Investment Immigration
VIC Business Investor Stream
Meet immigration department requirements
1. Requirements for investing in Australia
Invest AUD 5 million over three years in the following funds:
Venture Capital and Growth Private Equity Funds
Venture capital and growth private equity funds investing at least A$1 million in start-ups and small private businesses
● Emerging companies
An approved managed fund of at least A$1.5 million invested in emerging companies listed on the ASX;
● Balanced investment
Make a balanced investment of at least A$2.5 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. Fund companies can invest in a range of assets including ASX-listed companies, Australian corporate bonds or notes, annuities and commercial real estate. But not direct investment in residential real estate. and investments in fund companies may not be used as security or collateral for loans
2. Residency requirements
Have lived in the state or territory where the applicant is applying for investment for at least 2 years.
Meet VIC Victoria’s requirements for 188C applicants
personal background
No age requirement, no scoring requirement
Invest in VIC Victoria
To qualify for VIC nomination, the applicant’s investment must meet the following conditions:
1. Venture capital and growth private equity investment
The venture capital and growth private equity fund must be a fund company established in Victoria:
● An Early Stage Venture Capital Limited Partnership (ESVCLP), Venture Capital Limited Partnership (VCLP) or Fund of Funds (AFOF) established in Victoria. The fund must be registered with the Department of Industry, Science, Energy and Resources and comply with the currently applicable Compliance Investment Box
shelf. This includes eligible private equity funds.
● The provider of the Wind Investment Book and Growth Private Equity Fund has the operation office (non -family office) in Victoria and has a special employee in Victoria.
2. Emerging companies
To demonstrate that investment in “emerging companies” will bring economic benefits to Victoria, the fund must meet any of the following conditions:
● Investment in the selection of investment contains in Victoria, or
● The provider of the managed funds has an operating office in Victoria
3. Balance investments
To demonstrate that investments through Balanced Investment will bring economic benefits to Victoria, the fund must meet any of the following:
● Investment in the selection of investment contains in Victoria, or
● The provider of the managed funds has an operating office in Victoria
Your fund administrator can provide you with a fund compliance form showing the contribution the fund can make to Victoria.
Residency requirements
The main and secondary applicants must live in Victoria and cannot live in other Australian states and territories. Applicants must have sufficient funds to support life in Victoria
Financial and investment advice
The Victorian Government recommends that applicants seek professional financial and investment advice before investing to fully understand your investment options.
1. Understand the commissions and fees received by financial advisors as this may affect their advice;
2. Register with the government’s Moneysmart Financial AdvisorExternal link to view financial advisors:
https://moneysmart.gov.au/financial-advice/financial-advisers-register
3. Do not rely on immigration agents for financial advice;
4. Anyone providing financial advice must hold an Australian Financial Services (AFS) license or work for a company that holds a license.
5. If you suspect fraud or dishonesty, contact your local police and report the misconduct to ASIC
https://asic.gov.au/about-asic/contact-us/how-to-complain/
State sponsorship application fee
free
trial cycle
10 working days
Victoria Class 188E Investment Immigration
VIC Business Entrepreneur Stream
Meet immigration department requirements
1. Applicants must be under 55 years old (when invited);
2. Applicants must meet the following conditions:
Applicants must be engaged in or intend to engage in business activities that comply with regulations in Australia. And there must be a genuine intention to continue the activity. Qualifying business activities must be related to innovative ideas and:
● Commercialization of innovative products or innovative services in Australia, or
● Developing innovative enterprises or innovative business in Australia
This business activity shall not be related to any of the following categories:
● Residential real estate
● Labor employment
● Purchase an existing business or franchise in Australia
3. Yaen’s 4 6’s or equivalent English scores
Meet Victoria’s requirements for 188E applicants
The Victorian government requires 188E applicants’ projects to demonstrate their contribution to Victoria’s economic recovery and health response needs. Factors that will be considered include:
1. Have raised at least AUD 200,000 from a third-party financing institution;
2. Requirements for innovation
Entrepreneurship projects must involve innovative ideas that are intended to lead to the commercialization of new or improved products or services or the development of a new enterprise. This visa is not available to applicants seeking to establish a regular business.
3. What is innovation?
Innovation is a new idea, product or process that creates better solutions for businesses, consumers, the economy and society. Innovation creates jobs, improves efficiency and solves barriers to growth. Innovation is not just about creating new products, but also about improving the way things are done. For example, Xiao Ming has been working on developing a new, cheap technology that can easily purify large amounts of water with a handheld device. He has received funding from the federal government to commercialize his product and will set up a business in Victoria. Xiao Ming meets the requirements for Victoria’s 188E application
4.Business Plan (BP)
Applicants are required to provide a detailed business plan. Applicants should also provide information in their business plan on the potential benefits of the innovation to Victoria.
Applicants can use the same business plan they used when raising capital
5. Benefits brought to Victoria
Applicants must demonstrate how the proposed entrepreneurial activity will benefit Victoria. Factors considered by the Victorian Government include but are not limited to:
● The nature of innovation, whether it is improving efficiency, creating products or improving existing services
● The potential economic contribution of the innovation to Victoria and any social or environmental benefits
● Whether the innovation meets a significant need in a Victorian industry
● Whether innovation is likely to create jobs for Victorians
● Whether the innovation has a registered patent, design or trademark
Victoria encourages innovation and entrepreneurship. The assessment will take into account all factors specific to the case. Applicants must also demonstrate:
● A third-party investment and financing institution conducts business in Victoria, or
● Entrepreneurship activities will be carried out in Victoria
6. Financial requirements for settling in Victoria
The principal and secondary applicants must have sufficient funds to settle in Victoria. Applicants must declare in their Victorian visa nomination application that they have sufficient funds to settle. It is also the applicant’s responsibility to understand the cost of living in Victoria to ensure that their own financial resources have sufficient funds to settle.
Victoria cost of living links:
https://liveinmelbourne.vic.gov.au/zh-cn/live/money-and-tax/cost-of-iving-in-melbourne
7. Residency requirements
Real life and work in Victoria.
Summary of Australian Study Abroad Immigration Service Center
The Australian Study Abroad Immigration Service Center has always maintained a high pass rate of 100% approval for Australian investment immigration, and basically maintained a state guarantee in about 1 day. If you intend to immigrate by investment in Australia, or have any questions, please scan the QR code below and we will answer you at any time.
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