Key Criteria:

1. Minimum Investment Requirement: To be eligible for the Subclass 188C Visa, applicants must make a significant investment of at least AUD 5 million in Australian funds, complying with the specified investment guidelines.

2. Investment Term: The investment must be maintained for a minimum of four years in complying investments, which primarily include government bonds, managed funds, and investments in Australian proprietary companies.

3. State or Territory Nomination: Applicants must be nominated by a state or territory government in Australia. Each state or territory may have specific criteria for nomination.

4. Age and Skill Requirements: There are no specific age limits or skill requirements for this visa stream, making it accessible to a wide range of investors.

5. Permanent Residency Pathway: After holding the Subclass 188C Visa for a specified period (usually four years), visa holders can apply for the Subclass 888 Permanent Business Innovation and Investment Visa, provided they continue to meet the investment and other visa requirements.

Benefits:

• Temporary Residency: The Subclass 188C Visa initially grants temporary residency for the primary applicant, their partner, and dependent family members.
• Work and Study Rights: Visa holders have the freedom to work and study in Australia.
• Access to Medicare: Depending on the agreements between Australia and the applicant’s home country, limited access to Australia’s public healthcare system, Medicare, may be available.

Visa Conditions:

• Visa holders must adhere to the investment terms and conditions, including maintaining their investment for the required period.
• Compliance with Australian laws and regulations is mandatory.
• Visa holders must continue their involvement in business and investment activities in Australia.