Breaking News! The latest big data on 5 Million Investment Immigration (SIV) applications released by the Australian Department of Home Affairs shows that since the launch of the 188C Significant Investor Visa in November 2012, a total of 1,974 visas have been approved globally as of March 31 this year!
As is well known, the Australian 188C visa is a classic "wealthy investor visa." Applicants must invest 5 million AUD in compliant Australian products to obtain status. Therefore, every approved high-net-worth individual has, without exception, injected a massive amount of capital into Australia. According to the announcement, in just over five years, 188C visa recipients have brought a total of over 9.87 billion AUD into Australia.
So, where do these 1,974 high-net-worth individuals who successfully obtained the 188C visa come from? Let us take a look at the data provided by the Australian Department of Home Affairs.
Data shows that China, Hong Kong, Malaysia, South Africa, and Vietnam are the top five source countries for applications and approvals for the Australian 188C Significant Investor Visa program. Among them, China has become the absolute leader in the Australian 188C visa program, accounting for 88.1% of total applicants and firmly holding the top market share.
Immigration experts state that the reason the Australian 188C investment visa is highly sought after by high-net-worth individuals in China is due to several major advantages of this visa: First, the application requirements for the 188C remain lenient, with no IELTS, academic, or immigration point requirements, nor is there a need for business management experience, and the success rate is high; second, the secondary applicant can fulfill the residency requirements on behalf of the primary applicant, avoiding the constraints of residency obligations; third, the conditions for transitioning to a permanent resident visa (Green Card) later are simple and easy to meet.
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