188C Significant Investor Stream
Who is this Visa For?
This provisional visa is for people who invest at least AUD5 million in Australian investments that meet certain requirements and maintain investment activity in Australia. This visa provides a permanent residence (888 Visa) pathway to the holder of the visa.
- make a complying significant investment of at least AUD5 million to venture capital funds, emerging companies investments and balancing investment for the life of your provisional visa;
- your source of funds is legally obtained;
- the investment funds are unencumbered;
- live in Australia for a continuous period of 4 years
1) Complying Significant investment
If you are invited to apply on or after 1 July 2021, you must make (on or after the time of application for this visa) a complying significant investment of at least AUD5 million when you are invited to. You must also have a genuine intention to hold that investment for the life of your provisional visa. It must be invested in the following proportions:
- at least AUD1 million in venture capital and growth private equity funds which invest in start-up and small private companies
- at least AUD1.5 million in approved managed funds. The managed funds must invest in emerging companies listed on the Australian Stock Exchange
- a ‘balancing investment’ of at least AUD2.5 million in managed funds
2) Not have a history of involvement in unacceptable activities
You and your partner must have had no history of involvement in business or investment activities that are of a nature that is not generally acceptable in Australia.
3) Have functional English language
All applicants aged 18 or over at the time of application must either have at least functional English or pay the second instalment of the visa application charge.
State and Territory Nomination Requirements
(from 1 July 2021)
New South Wales
You must make a complying significant investment of at least A$5,000,000 in NSW and have a genuine intention to hold that investment for the life of your provisional visa.
It must be invested in the following proportions:
- at least A$1,000,000 in venture capital and growth private equity funds which invest in start-up and small private companies
- at least A$1,500,000 in approved managed funds. The managed funds must invest in emerging companies listed on the Australian Stock Exchange
- a ‘balancing investment’ of at least A$2,500,000 in managed funds
Investing in NSW
To qualify for NSW nomination, you must show that your complying investments will contribute to the NSW economy.
NSW will refuse your nomination application for a permanent visa (subclass 888) if you cannot show your complying investments meet the following criteria:
Venture Capital and Growth Private Equity investment
At least 50% of your venture capital component must be invested in:
- a venture capital fund investing in start-up and small-to-medium enterprises in NSW, or
- a venture capital limited partnership that sources investments in NSW
At least 50% of the emerging companies component must be invested in emerging companies listed on the Australian Stock Exchange that are headquartered in NSW.
At least 50% of your balancing investments must bring benefits to NSW. This can be shown where:
- the funds have an office in NSW; or
- the business of underlying investment is headquartered in NSW; or
- the business activities of underlying investment are of economic benefit to NSW
Living in NSW
You must have a genuine commitment to reside in NSW and contribute to NSW through your investment activity.
To be eligible to apply for Victorian Significant Investor stream (subclass 188C) visa nomination, you must:
- intend to live in Victoria,
- be able to make a complying investment of at least A$5 million in Victoria,
- be committed to meet the Department of Home Affairs’ requirements for subclass 888B permanent residence
- Meet Department of Home Affairs’ subclass 188C Significant Investor Stream requirements;
- Ensure the Complying Investment is of economic benefit to the ACT by entering into an agreement to either:
- Invest a minimum $500,000 into Significant Capital Ventures, an Early Stage Venture Capital Limited Partnership that complies with Part A of the Complying Significant Investment Framework; and invest the remaining funds in Part B and C of the Complying Significant Investment Framework; or
- Invest at least $500,000 into a Complying Significant Investment that is of economic benefit to the ACT.For example:
- Venture capital and growth private equity fund investing in start-up and small private companies in the ACT; or
- Venture Capital Limited Partner (VCLP) fund component in a fund that is actively sourcing investment in the ACT.
- Invest the remaining funds in Part B and C of the Complying Significant Investment Framework.
To meet the South Australian nomination requirements, you must:
- Meet the Department of Home Affairs subclass 188C significant investor stream criteria.
- Intend to live in South Australia.
- Agree to make and maintain an investment of AUD$5 million for the duration of the provisional visa in a complying investment fund. The complying investment fund must materially benefit South Australia.
- Agree to register your arrival in South Australia with Skilled & Business Migration and maintain current contact details for the duration of your visa.
- The choice of investment options is based on the client’s own preference and Department of Home Affairs complying investment requirements.
- It is strongly recommended that applicants obtain professional legal and financial advice before investing or undertaking any business activity.
- The South Australian Government will not advise on any investment made or any business activity to be undertaken by the applicant nor does it accept liability for any financial loss, cost of expense incurred as a result of any business decision, business activities or investments of the applicant or any person in any way connected with the significant investor program or otherwise.
The Commonwealth and State Government require applicants to agree to not take legal action against them for any loss of capital arising from the complying investment.