Australia's 888C Major Investor Permanent Residence Visa is an important policy to attract global investors. This visa requires applicants to make significant investments in Australia and fulfill certain residency requirements, providing them with a path to permanent residence.
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Australia 888CApplication Requirements
Applicants must meet one of the following conditions:
- The investor must have made a continuous complying investment for 4 years while holding a 188C visa, which will be increased to 3 years after July 1, 2021.
- Meet health and quality requirements.
- To meet one of the two residency requirements, the main applicant needs to have lived in Australia for a total of 160 days, or the spouse needs to have lived in Australia for a total of 720 days.
- Have not engaged in any illegal business or investment activities.
- Commit to continue investing in Australia.
Australia 888CApplication Process
- Submit a state government guarantee application and obtain state government support.
- Submit your visa application.
Australia 888CDesignated Investment
After being approved for a 188C visa, the applicant must maintain a designated investment of AUD 5 million for 4 years.
Australia 888CResidency Requirements
The principal applicant must meet one of the following residency requirements:
- Lived in Australia for a total of 160 days.
- The spouse has lived in Australia for a total of 720 days.
Australia 888CHolding specific investments
- If an applicant is invited before July 1, 2021, they will need to invest no less than AUD 5 million in designated state government bonds in Australia, and the designated investment must meet the requirements of at least 4 years or after July 1, 2015.
- If the applicant is invited after July 1, 2021, Australia invests not less than AUD 5 million in different investment projects, according to the following proportions:
- Venture capital funds and growth private equity funds with a minimum of AUD$1 million investing in start-up and small private companies.
- A managed fund of AUD$1.5 million or more investing in emerging companies listed on the Australian Stock Exchange.
- A qualifying managed fund of not less than AUD 2.5 million.
FAQs about Australia 888C
How to prove that the designated investments held meet the requirements?
The designated investments held must comply with the relevant requirements of the Australian Immigration Department and state governments, and relevant investment certificates and audit reports may be required.
Will the main applicant's residence period of less than 160 days affect the visa application?
Yes, the main applicant must meet the Australian residence time requirement. Less than 160 days may affect visa approval.
If I withdraw from an investment project in Australia early, will it affect my visa status?
Yes, premature exit from an investment project may violate visa requirements, needs to be handled with caution, and may affect visa status.
Can the 720 days of the residence requirement be accumulated by the principal applicant and the spouse?
No, the 720 days of the residency requirement need to be accumulated by the spouse alone, and the principal applicant has his or her own 160-day requirement.
How to prove that you have never engaged in illegal business or investment activities?
You may need to provide relevant legal documents, business records and certification materials from Australian official agencies.
What conditions should the applicant's managed fund investment in Australia meet?
The managed fund you invest in needs to comply with the requirements of the Australian Immigration Department and relevant regulations, and you may need to choose an experienced and compliant fund.
What is the Australian government's definition of a start-up or small private business?
The Australian government may define start-ups and small private enterprises based on relevant regulations. It is recommended to refer to the official documents of the Australian Immigration Department.
Do the residency requirements need to be met all at once, or can they be met in stages?
Residency requirements generally need to be met continuously for a specified period of time, but the specific rules may vary on a case-by-case basis.
Can designated investment projects be selected according to personal wishes?
Designated investment projects may be subject to guidance and requirements from the Australian Immigration Department and state governments and need to be selected within the prescribed range.
Can applicants invest outside Australia?
Generally, an Australian investor visa requires applicants to invest in Australia and comply with relevant regulations. Overseas investments may require additional approval.
Australia's 888C Significant Investor Permanent Visa provides a viable permanent residence pathway for applicants who intend to make a large investment in Australia. While meeting the relevant conditions, understanding and complying with the visa requirements will provide strong support for a successful application.
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