AUSTRALIA – THE REASONS TO CHOOSE THE PROGRAM 188

Australia is a country in harmony with nature, an extremely pleasant climate suitable for Asians. Stable political system and sustainable economic development. Therefore, Australia is among the top countries with the highest immigration rate. The land of kangaroos creates many conditions for immigrants to get the right to settle in Australia through programs for many different subjects. In which, the 188 investment program is always the most attractive. The Australian business and investment immigration program is a quick and convenient option.

The advantages of settling in Australia

Australia has one of the strongest economies in the world. According to the 2020 statistics, Australia’s GDP is slightly higher than that of countries such as the UK, France, Canada,… Australia’s social security and social welfare policies are considered to be much better than those of developed countries. The income level in this country is quite high but the cost of living is relatively low. This will ensure a comfortable life while living here.

Therefore, many immigrant investors have chosen Australia as their destination. Through the 188 programs, investors can live and work in Australia as quickly as possible. Popular investment options for immigration today such as 188A, 188B, 188C,…

The popular 188-programs

1. Entrepreneurs program – 188A Visa

Visa 188A is for investors with business ability. Entrepreneurs who want to establish, manage and grow a business in Australia will be suitable for this program. With an investment of 3.2 billion VND (200,000 AUD) was able to join 188A visa. This is the area with the lowest investment in the three programs.

The innovative business immigration program allows investors to apply for a visa extension for another 2 years if the business in Australia has not met the requirements for permanent residence. With this program, the visa period will be from 23-25 months.

Conditions for participating in the program:

• Under 55 years old
• In the last 2 financial years before receiving the invitation to apply for a visa, having shares in companies with a minimum turnover of AUD 500,000/year
• At the time of invitation to apply, the applicant and his/her family must have at least AUD 800,000 in legal assets

Investor’s benefits:

• Spouses, dependent children under 23 years old can accompany the applicant
• Children get free tuition up to grade 12 and will be support for college tuition
• Enjoy health and social security benefits like a permanent resident

2. Investment program – 188B Visa

188B visa program with an investment of 44.7 billion VND (2.5 million AUD). Investments must be maintained for 4 years. Investors residing in Australia for 2 out of 4 years when applying for permanent residence. Program 188B with easier conditions than other programs and investors are not tied to the business.

Conditions for participating in the program:

• Entrepreneurs with business or investment experience, high financial ability
• Own and manage at least 10% of the company’s shares or manage a minimum investment of AUD 1.5 million for 3 years

Investor’s benefits:

• Investors regularly receive interest every 6 months
• The whole family can live and work in Australia

3. Key Investment program  – 188C Visa

This investment category has no age limit and is suitable for investors with strong financial resources. With an investment capital of 79.4 billion VND (5 million AUD) for the 188C visa program. This program is suitable for investors who want to come to Australia as quickly as possible. Visa processing time is only 7-12 months.

Conditions for participating in the program:

• Total assets of at least AUD 5 million

Investor’s benefits

• Get the interests from investment funds without participating in direct management
• After 4 years of maintaining the investment and meeting the residency requirements, the investor can apply for permanent residence (188C).

In conclusion

The 188 Investment Immigrant Program is the right choice for entrepreneurs who want to become permanent residents in Australia. Visa 188 with many suitable options for each different object. Fast visa processing time is an advantage of this program.

For more information about the Australian investment immigration program (188A, 118B, 118C) please contact Portico & Bridge for detailed support. Our team of more than 50 professionals worldwide is happy to assist you. Call us now at 0909.898.758

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