Conditions for Australian Investment Programs (Visa 188B)

09.08.2018

Conditions for Australian Investment Programs (Visa 188B)

Australian investment program under visa 188B, investors in Vietnam need to satisfy some of conditions for approval and apply for permanent resident visa (888B). The following article tracking of IBID.
Visa 188B program for individuals who want to invest a minimum of AUD 1.5 million in a state / territory in Australia, including the investment and operation must be located in the main business Australian territory. the investors will receive the temporary residence visa before eligible to apply for a permanent Visa (888B).

Conditions for Australian Investment Programs (Visa 188B)

Conditions for Australian Investment Programs (Visa 188B)

To be able to satisfy the conditions of Australian immigration investorprogram(Visa 188B), Vietnamese investors need to:

– Being profile state or territory in Australia to sponsor.
– A total asset volume at least AUD $ 2,250,000. To invest in bonds 1,500,000 AUD by Australian state governments released for at least 04 consecutive years.
– The age under 55. However, this condition can be exempt if the business project will bring tremendous economic benefits to the state or territory issued a recommendation.
– Achieve at least 65 points on a scale of Australia ( based on age, work experience, the volume of assets, …)
– Experience in managing at least 03 years in the 05-year framework.
– In the time frame of 5 years before the filing date, to direct investors enterprise management. In it must own at least 10% of the total value of assets of the company or directly manage the investment funds with the minimum legally 1,500,000 AUD.
– In the frame time of 5 years before the date of filing, investors have to directly manage business which must own a minimum of 10% of the value of assets the company or directly manage the legitimate investment money source with a minimum 1,500 million AUD.
– Do not engage in illegal activities
– No requirement for a minimum level of English, however, if the principal applicant and accompanying dependents over age 18 can not prove himself to reach a minimum level of English at a functional English (equivalent IELTS 4.5 in all skills), they must pay additional premiums language support (Second Visa application charge): 9.795 AUD for the primary applicant and 4.890 AUD for over 18 people come.

After being approved and received temporary visa 188B, the investors will maintain investments in bond for at least 04 years and satisfy the conditions of living in Australia for 02 years in frame 04 years before applying for formal settlements through visa resident 888B.

Benefits under the visa 188B

-Your spouse, your children and your own common dependencies, the family also may be included in the profile.
– To living and working in Australia with a 4-year term.
– Be changed resident status after 4 years.
– Have the opportunity to expand the business or corporate development available and/or invested in the State or territory of Australia.