Significant Investor Visa (SIV) 188C

Advantages Complying Investment Options

• No English language proficiency required
• No points test to satisfy
• No upper age limits
• Ability to work or study in Australia
• Ability to extend provisional visa twice, each for a 2-year period, giving a maximum of 8-year provisional visa
• Economic prosperity and growing job market
• Safe living environment and highest standard of living in the world
• Tropical weather and industrial cities
• Subsidized healthcare system
• Rich multiculturalism
• Make a complying significant investment in the following

proportions:

– At least AUD 500,000 in venture capital and growth private equity funds which invest in start-ups and small private companies
– At least AUD 1.5 million in approved managed funds investing in emerging companies listed on the Australian Stock Exchange
– A ‘balancing investment’ of at least AUD 3 million in managed funds that may invest in a range of assets

Process

• Submit an Expression of Interest (EOI) via “Skill Select” online service in order to be nominated by a State or Territory Government
• Upon receiving a nomination from a State or Territory government and an invitation to apply, submission of an online visa application within 60 days
• Upon receiving the approval-in-principal of the visa application, the investor will be advised when to make the complying investment
• Upon making the complying investment, the visa will be

issued

• The visa has a duration of 4 years and 3 months (which can be extended up to 8 years) with a minimum requirement for physical residency in Australia
• If all the criteria are met, the applicant can apply for permanent residency for him and his immediate family, and eventually, is eligible to apply for citizenship

Requirements

• Investments of AUD 5 million must be made into complying investments for a minimum period of 4 years
• The applicant must prove that the assets or funds used for the complying investment have been lawfully acquired
• The applicant must meet Australian health and character requirements
• Physical residence of a minimum of 160 days over 4 years
• If the investment is withdrawn, then it must be re-invested into another complying investment within 30 days
• Have a genuine and realistic commitment to live in the nominating State or Territory and continue