Registered Migration Australia

SIGNIFICANT INVESTOR STREAM

 

Significant Investor (Provisional) Visa (SIV)

(Subclass 188C)

 



The Significant Investor Stream is intended for business investors holding a significant amount of wealth and who are willing to invest an amount of at least AUD $5,000,000 towards funds, investments and securities specified by the Minister.

Unlike the previous two stream, the Significant Investor Stream does not require proof of a certain minimum asset and other requirements (besides the proof of lawfully acquired and unencumbered $5,000,000 amount available) there is no Points Test that applies to this stream nr is there an age limit for this visa.

Applicants must note however that any funds intended to made towards the complying investment will be scrutinized carefully by the DIBP to ensure the lawful acquisition of source of funds held by the applicant, like the Investor Visa as well as the Premium Investor visa.

 

Additional subclass 188 requirements include showing a genuine intention to reside in Australia and to hold the complying significant investment for a specified period. A Form 1412 will also be required to be completed for this stream, with the form specifically being to acknowledge that the applicant is responsible for their own financial and legal affairs and undertake not to bring any action to the Commonwealth and to release the Commonwealth from any liability in relation to any loss relating to the complying significant investment.

Once approved for the subclass 188 visa, the applicant may be entitled to apply for a  subclass 888 visa provided they have met the specified length of time required in maintaining the investment along with all additional subclass 888 requirements. An Extension Stream is also available under the SIV stream and applicants can extend their subclass 188 visa twice in total, once while they hold their original subclass 188 visa and once more while they are holding their first Extension grant.

 

 

 

Significant Investor Stream 188C requirements:

 

You must have a genuine and realistic commitment to:

  • reside in the state or territory whose government agency nominated you,
  • continue your business and investment activity in Australia after the conclusion of your provisional visa,
  • live in Australia for at least 40 days per year (calculated cumulatively) for the duration of your provisional visa, or your spouse to live for at least 180 days per year (calculated cumulatively) for the duration of your provisional visa.

You, your partner, or you and your partner combined must have net assets of at least AUD5 million that are legally acquired, unencumbered, and available to be used to make the complying investment in Australia.

You and your partner must not have been involved in unacceptable business or investment activities.

You, members of your family unit aged at least 18 must agree not to bring any action against the Commonwealth for any loss relating to your complying investment.

Income that you earn from your complying investment in Australia is subject to tax under Australian taxation law.

You must also make a complying investment or a complying significant investment of at least AUD5 million over four years.

 

 

Please feel free to contact us for a consultation so that we can better assess and service your business migration needs.

 

 

Related Business and Investment Streams:

 

 

 

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