Applicants for Australian investment immigration visas are subject to a points-based system. The scoring method not only considers indicators such as the applicant's personal and business net assets and corporate turnover, but also assigns points based on the applicant's age, education, and English proficiency. Additionally, points are awarded based on specific factors such as business operations and technical contributions/patents. So, what exactly are the types of Australian investment immigration?
Introduction to the three types of Australian investment immigration:
I. 888 Business Innovation and Investment Permanent Residence Visa:
After holding the 188 Business Innovation and Investment provisional visa for two years, applicants who meet certain business or investment requirements may apply for a permanent residence visa.
II. 132 Business Talent Permanent Residence Visa
1. Significant Business History stream:
The applicant must possess assets of over 1.5 million AUD; have owned at least 30% of a company for 2 of the past 4 years in China, with an annual turnover of over 3 million AUD and net business assets of no less than 400,000 AUD; and must commence business within 12 months of arriving in Australia with an investment of no less than 1.5 million AUD.
2. Venture Capital Entrepreneur stream:
The applicant must obtain 1 million AUD in venture capital funding from a member of the Australian Investment Council (AIC, formerly AVCAL) to start a business or commercialize a valuable idea in Australia.
III. 188 Business Innovation and Investment Provisional Visa
1. 188A Business Innovation stream:
The applicant and their spouse must have net assets of 800,000 AUD, have owned at least 30% of a company for 2 of the past 4 years, and that company must have an annual turnover of over 500,000 AUD. The applicant must agree to and be required to operate a business in Australia for 2 years. This category is similar to the old 163 category and is very suitable for domestic small and medium-sized business owners.
2. 188B Investor stream:
The applicant must have legally earned 2.25 million AUD in profits through company business or stock/futures investments, must provide tax returns/settlement statements, and must agree to invest 1.5 million AUD in Australian state government bonds.
3. 188C Significant Investor stream:
The applicant agrees to invest 5 million AUD in Australia. This category has no restrictions on language, age, or source of funds, and does not require a points test, making it an ideal choice for high-net-worth individuals.
4. 188E Entrepreneur stream:
Requires an IELTS score of 4 bands of 6, obtaining at least 200,000 AUD in investment from a third-party institution in Australia, and investing 10% of the funds into the enterprise within 12 months of starting the business, with the applicant holding at least a 30% stake.