Recently, according to local media reports in Australia: The federal government will conduct a comprehensive review of the immigration system, and the Australia 188C Significant Investor Visa may be abolished!
The Australia 188C Significant Investor Visa is established by the Australian government to attract applicants who can make significant investment contributions to the economy and provide funding for major projects nationwide. This visa only requires the applicant to invest AUD 5 million in a compliant fund recognized by the Australian government and to prove the legal source of the funds. The application conditions are simple, with no English requirements, no age limits, no educational or scoring requirements, and relaxed residency requirements. After meeting the relevant conditions, it can be converted to a permanent residency visa.
The 188C Significant Investor Visa is currently a fast track for immigration to Australia and is highly favored by high-net-worth individuals from China. As of now, the Australian government has approved 2,349 applicants for this type of visa, bringing over AUD 11 billion in investments to Australia, with over 90% being Chinese applicants.
Recently, at the Employment and Skills Summit held in Canberra, the federal government announced that the quota for the 188C visa will be reduced by half in this fiscal year. By the end of February next year, the 188C may be completely abolished. The Australian Minister for Home Affairs stated: "I believe this visa program does not bring value to the country, and this is something we will consider. Currently, we do not have sufficient reasons to continue to retain it."
From the government's attitude, it is highly likely that there will be reforms to the 188C visa in the future. Worldway will keep a close watch, and if there is any new information, we will share it with everyone at the first opportunity. For investors intending to immigrate to Australia, it is advisable to apply as soon as possible before the policy is officially announced; the saying that immigration should be done early is not just talk.
In addition to the 188C visa, the 188A visa, 188B visa, and others are also popular immigration programs in Australia favored by high-net-worth individuals from China. After meeting the relevant conditions, applicants can apply for family immigration to Australia and enjoy Australian medical benefits. Once Australian citizenship is obtained, children can enjoy high-quality education and gain broader overseas development opportunities.
Great news! Great news! To thank our new and old clients for their long-term trust and support for Worldway, we are launching the "Mid-Autumn Festival Gift • Special Month" event. A second identity for global travel, family reunion and joy, from September 1 to September 30, 2022, we are giving away health gifts for reunion, recommending luxurious gifts continuously, and significantly reducing immigration service fees. With immigration projects in 19 countries (regions), there is bound to be one that suits you, starting from €60,000, the whole family can obtain a second identity in one step, with limited-time great discounts, a golden opportunity not to be missed!
Worldway's "Mid-Autumn Festival Gift • Special Month" event is in full swing, apply for immigration, receive a reunion health gift package, invest in Worldway's popular projects, and enjoy significant discounts. We welcome your inquiries. For more details, please send us a private message in the comments section or call Worldway's service hotline: Mainland China: 400-138-2929, Hong Kong: (852)2802 8798.
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