Permanent Residence: After 4 years of investment, you can transfer the 888 Green Card visa
Investment amount: $5 million
Application Prerequisite
An invitation is required to apply for a visa
You need to invest in Australia with a legal income of $5 million, after being notified by immigration, and hold it for the duration of your 188C visa
Intentional and authentic residence in the nominated state
Australia 188C Visa to 888 Permanent Residence Visa:
Continue to invest $5 million to qualify investment products in Australia for 4 years
The main applicant has resided in Australia for a cumulative period of 160 days or a spouse for 720 days
Investment Requirements:
$5 million
Invest at least 1 million (20%) in start-ups and small private enterprises in Australian venture capital and growth private equity funds
Invest in a managed fund of at least 1.5 million (30%) listed on the Australian Securities Exchange (ASX).
Invest at least 2.5 million (50%) “balanced investments” into managed funds or to invest in listed investment companies in other compliant assets, including ASX listed companies, compliant corporate bonds or promissory notes, annuities and real estate
Project Advantages
No need to prove business experience (5 million as long as the source is legal, including gifts, inheritance and other sources can be accepted)
Residency requirements in Australia are low, compared to 188A’s 24 months of 12 months, 188C only needs to live for 160 days in 4 years
188C is the only age-free business immigrant
188C You only need to live in Australia for at least 40 days per year (or by your partner for at least 180 days per year) to qualify for a subclass 888 permanent visa
Family Members
Spouse of the main applicant
Children of the main applicant:
Unmarried under 23 years of age, and
Financially dependent on the main applicant
Application Procedure
Sign an agreement
Prepare documents and submit applications of intent
Guaranteed nomination by state or territorial governments
Formal submission of the application
Get the file number
Interview (if any) medical examination and completion of investment
