With its comprehensive social welfare system, safe living environment, and top-tier education system, the number of immigrants to Australia is growing exponentially every year. However, many people in China mistakenly believe that immigrating to Australia is a privilege reserved for a few wealthy individuals and that it requires a significant amount of money. But is this really the case? Below, we will introduce how much it actually costs to immigrate to Australia.
188C Significant Investor Visa Application Fees
1. State Nomination Application Fee: Subject to the standards of each state, ranging from free to several hundred Australian dollars.
2. First Installment of Visa Application Fee:
(1) Main applicant: 4,780 AUD
(2) Additional applicant aged 18 or over: 2,390 AUD;
(3) Additional applicant under 18: 1,195 AUD.
3. Second Installment (English Language Fee):
(1) If the main applicant does not have an IELTS total score of 4.5, they must pay an English language learning fee of 9,795 AUD;
(2) If a spouse or accompanying child aged 18 or over has not reached an IELTS total score of 4.5, an English language learning fee of 4,890 AUD per person must be paid.
Note: In addition to the above fees, there may be third-party costs such as legal fees, audit fees for business turnover and net assets, property valuation fees, document notarization and translation fees, and medical examination fees. Please refer to the respective institutions for specific costs.
4. Investment Amount
1. The applicant must invest at least 5 million AUD in projects designated by the Australian government.
(1) Family assets of 5 million AUD or more.
(2) Investment duration of four years.
2. Investment Portfolio Requirements
(1) At least 500,000 AUD invested in venture capital/private equity funds (VCPE).
(2) At least 1.5 million AUD invested in managed funds or listed investment companies that invest in emerging enterprises.
(3) The remaining funds can be invested in listed investment companies that invest in legal assets, including Australian listed securities, legal corporate bonds or notes, deferred annuities, and real estate (the proportion of real estate investment must not exceed 10%).
The above is the cost information required for the 188C Significant Investor Visa. If there are any changes, please refer to the actual situation.