In Australia, the 188B visa provides professionals with a unique and intelligent investment path. This is a four-year temporary residence visa designed to encourage professionals engaged in various investment activities, covering stocks, funds, futures and other fields. Unlike other business visas, this visa does not require applicants to have actual businesses, but focuses on their experience and experience in the investment field, as well as the benefits obtained.
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Australian 188B visaProject advantages:
- Applicants are not required to own a business, which reduces the pressure of starting a business and running a business.
- After arriving in Australia, investors can focus on investment areas and get rid of tedious corporate management tasks.
- There is no strict requirement for applicants' English proficiency, which lowers the language threshold.
- You are allowed to bring eligible immediate family members to apply together and enjoy the high-quality life in Australia.
- Visa holders can travel to and from Australia freely, allowing them to manage their investment portfolios more conveniently and flexibly.
- While holding a visa, children have the opportunity to attend Australian public primary and secondary schools for free, providing families with more educational options.
Australian 188B visaApplication requirements:
To apply for this unique visa, applicants must:
- Minimum 3 years of successful investment management background, demonstrating a strong understanding of the investment sector.
- In the two fiscal years before the application, the net assets of the individual or family reached at least A$2.5 million, providing a solid foundation for future investment.
- It is necessary to prove that the applicant has excellent skills in investment and can achieve stable profits.
- In the five fiscal years before the application, you have participated in the management of investments worth more than A$2.5 million in at least one fiscal year, or held more than 10% of shares in the enterprise.
- You will need to agree to complete a complying investment of AUD 2.5 million before your visa is approved to ensure the feasibility of your investment plan.
- The score is 65 points, and the scoring criteria take into account multiple factors such as business experience, amount of capital, and English proficiency.
Australian 188B visaApplication Process:
- Contract: Choose a suitable immigration agent or lawyer to sign a contract to ensure professional guidance throughout the process.
- Submit EOI: Submit an Expression of Interest (EOI) for business immigration to express your intention to apply and attract the attention of the Australian government.
- Obtain state sponsorship: Apply for and obtain a state government sponsorship to increase your chances of a successful application.
- Receive EOI invitation: If you are invited, it means that your application has been recognized by the relevant departments.
- Complete asset audit and valuation: Submit a detailed asset audit and valuation report to ensure financial requirements are met.
- Submit application materials: Submit complete visa application materials, including personal information, investment plan, etc.
- Interview and Supplementary Materials: Participate in interviews and supplement relevant materials as needed to provide more application support.
- Medical examination and contribution: Complete the medical examination, pay the English contribution, and demonstrate good health and social responsibility.
- No criminal record: Provide a clean criminal record and ensure good personal conduct.
- Visa approved: Wait for visa approval and embrace a new life of investing in Australia.
FAQs about 188B visa
What areas can 188B visa applicants invest in?
A: The areas that 188B visa applicants can invest in include:
- Business
- agriculture
- real estate
- Infrastructure
- Entrepreneurship
- Other fields
How long do Australian 188B visa applicants need to live in Australia?
A: 188B visa holders need to live in Australia for at least 2 years before they can apply for a 188C visa.
Can Australian 188B visa applicants change employers?
A: 188B visa holders can change employers, but they need to obtain sponsorship from the new employer.
Can the spouse of an Australian 188B visa applicant work?
A: The spouse of a 188B visa holder can work but needs to obtain a spouse visa.
Can the children of Australian 188B visa applicants go to school?
A: Children of 188B visa holders can attend school, but they need to obtain a student visa.
Can Australian 188B visa holders apply for other types of visas?
Answer: 188B visa holders can apply for other types of visas, such as 188C visa, 189 visa, 457 visa, etc.
How much is the application fee for Australian 188B visa?
A: The application fee for a 188B visa is AUD 4,000.
How long does it take to process an Australian 188B visa?
A: The processing time for a 188B visa is generally 2 to 3 months.
How long is the validity period of the Australian 188B visa?
A: The validity period of the 188B visa is 5 years.
What are the application materials for Australian 188B visa?
A: The application materials for 188B visa include:
- Visa application form
- Copy of passport front page
- Visa application fees
- IELTS score report
- Proof of work experience
- Employer guarantee letter
- Proof of Funds
- Medical examination report
- No criminal record certificate
The Australian 188B visa provides a unique opportunity for professionals who are interested in investment, freeing themselves from the hassles of starting a business and focusing on smart investment. On this investment path, the key to success lies in good asset management and excellent investment skills. I hope every applicant can find their own path to success in this country full of opportunities.
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