Australia 888B Investor Permanent Residence Visa

Australia's 888B investor permanent residence visa is an immigration policy to attract international investors. This visa requires applicants to make contributions in the investment field and live in Australia for a certain period of time to promote economic development.

Application Requirements

Applicants must meet one of the following:

If you are the principal applicant for a 188B and are invited to apply on or after July 1, 2021, you must have held that visa for at least 3 years.

If you intend to apply for an 888B visa through a 188B visa deputy applicant, the 188B visa deputy applicant needs to have held a 188B visa for at least 3 years (*some applicants may be exempted under special circumstances due to COVID-19).

Application Process

Submit a state government guarantee application and obtain state government support.

Submit your visa application.

Maintain investment. If you are invited to apply for 188B on or after July 1, 2021, you must invest AUD 2.5 million when the visa is approved. After being approved for 888B, it is necessary to continue to maintain investment.

Investment Requirements

If you are invited to apply for 188B before July 1, 2021, you will need to invest no less than AUD 1.5 million in designated state government bonds in Australia when the visa is approved. The designated investment must meet specific time requirements and the holder must always hold it in his or her name or with his or her spouse.

If you are invited to apply for 188B after July 1, 2021, you must invest no less than AUD 2.5 million in different investment projects in Australia according to the following proportions when you are approved:

Venture capital funds and growth private equity funds with at least AUD$500,000 investing in start-up and small private companies.

A managed fund of at least AUD$750,000 investing in emerging companies listed on the Australian Stock Exchange.

A minimum of AUD 1.25 million in a qualifying managed fund.

Residency Requirements

Unless exempted due to COVID-19, if you hold a 188B and apply for an 888B before July 1, 2021, you must have lived in Australia for at least 2 of the 4 years before your application.

If you hold a 188B and apply for an 888B on or after July 1, 2021, you must have lived in Australia for at least 2 years in the 3 years before your application.

For secondary applicants, the principal applicant (your spouse) holds a 188B and you must have been in Australia for at least:

If the principal applicant is invited to apply on or after July 1, 2021, you must have lived in Canada for 2 of the past 3 years before applying for 888B.

If the principal applicant is invited to apply before July 1, 2021, you must have lived in Canada for 2 of the 4 years before applying for 888B.

Australian 888B Investor Permanent Residence Visa Q&A

For applicants invited before 1 July 2021 who invest AUD 1.5 million in designated investment state government bonds, how long will the designated investment last?

If invited before 1 July 2021, the designated investment must have been made over a period of at least 4 years or after 1 July 2015.

According to the new investment requirements, to which projects do applicants investing A$2.5 million need to allocate their funds?

The AUD 2.5 million investment needs to be allocated to start-ups, small private companies, emerging companies listed on the Australian Stock Exchange and eligible managed funds.

What are the requirements to maintain the investment?

After the 888B is approved, you (or your spouse) must continue to maintain the investment during the period you hold the 188B and inform the Immigration Department of any investment transfers during any period.

Where is the main place of residence for 188B visa holders?

The residence requirement is mainly Australia and meets the corresponding residence requirements.

How do COVID-19 waivers work?

COVID-19 exemptions may involve special provisions for residency requirements, and specific operations may need to be carried out based on actual circumstances.

How long does the secondary applicant need to reside in Australia?

Secondary applicants must meet at least the corresponding residence time requirement in Australia, the specific length of time depends on the invitation time of the main applicant.

What are the specific obligations of 188B visa holders in relation to investment projects?

Those holding 188B visas need to complete and maintain the corresponding investment on schedule according to the requirements of the specified investment project.

What are the options for investing specifically in state government bonds?

The choice of a specific state government bond to invest in may depend on the state government's designated program and requires a careful understanding of specific state government policies.

Can people holding 188B visas freely choose investment projects?

The choice of investment projects may be subject to the guidance and requirements of the Australian Immigration Department and state governments, and needs to be selected within the prescribed range.

Is it possible to terminate the investment early and apply for a permanent residence visa?

Termination of investment and application for a permanent residence visa may involve complex procedures and regulations. It is recommended to take action after understanding the relevant policies in advance.

The Australian 888B Investor Permanent Residence Visa provides a path to permanent residence for applicants who intend to invest in Australia. On the basis of fully understanding and meeting the relevant conditions, applicants will have the opportunity to build their own business in this land full of opportunities.

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