The Australia 188C Investor Visa (Significant Investor Temporary Visa) requires applicants to invest at least 5 million Australian dollars into Australia, with no age restrictions, no English language requirements, and no points test necessary. This visa significantly reduces the residence requirements, allowing applicants to reside in Australia for just 160 days within the four years of holding the 188C temporary visa. Before submitting the 188C visa application, applicants must first submit an Expression of Interest (EOI) and secure a nomination from a State or Territory government in Australia.
I. Application Fees:
1. State nomination application fees: Varied according to each state’s standards, ranging from free to several hundred Australian dollars.
2. First stage visa application fee:
- Main applicant: 7,010 Australian dollars.
- Secondary applicants aged 18 and over: 3,505 Australian dollars.
- Secondary applicants under 18: 1,755 Australian dollars.
3. Second stage language fees:
- If the main applicant does not achieve an IELTS overall score of 4.5, a language study fee of 9,795 Australian dollars must be paid.
- For a spouse or dependent child over 18 who does not achieve an overall IELTS score of 4.5, a language study fee of 4,890 Australian dollars per person is required.
Note:
In addition to the above fees, there may also be third-party costs involved, such as legal fees, audits of turnover and net assets, property valuation fees, document notarization and translation fees, medical examination fees, etc. Specific costs depend on each institution.
II. Requirements for Applying for the Australia 188C Investor Visa:
1. Receive an invitation through EOI.
2. Have successful business or investment experience.
3. Have sufficient personal and business assets.
4. Be nominated by a State or Territory government.
5. Invest at least 5 million Australian dollars into Australia.
III. Conditions for Applying for the Australia 188C Investor Visa:
1. Make genuine and realistic commitments:
- Reside in the state or territory that nominates you.
- Continue to operate a business for investment management in Australia after the government-designated investment period ends.
- During the four-year visa period, the main applicant must reside in Australia for at least 40 days each year, or your spouse must reside in Australia for at least 180 days each year.
2. The couple must have a net asset of at least 500 Australian dollars, which must be legally obtained and can be transferred to Australia for compliant investment;
3. You and your spouse must not engage in illegal business or investment activities;
4. You, your spouse, and children aged 18 and above commit not to take any action concerning potential losses from compliant investments;
5. Profits from compliant investments must be taxed under Australian tax law;
6. Invest a minimum of 5 million Australian dollars in compliant investments or significant compliant investments within the four years.
IV. Application Process for the Australia 188C Investor Visa:
Online submission of EOI → Receive EOI invitation → Apply for State nomination → Obtain State sponsorship → Submit visa application → Receive interview or waiver notice → Undergo medical examination → Obtain 4-year 188 visa.