{"id":11411,"date":"2021-07-13T15:26:15","date_gmt":"2021-07-13T08:26:15","guid":{"rendered":"https:\/\/porticoandbridge.com\/?p=11411"},"modified":"2021-09-18T15:57:57","modified_gmt":"2021-09-18T08:57:57","slug":"update-the-latest-changes-of-188-visa-program","status":"publish","type":"post","link":"https:\/\/porticoandbridge.com\/en\/update-the-latest-changes-of-188-visa-program\/","title":{"rendered":"UPDATE THE LATEST CHANGES OF 188 VISA PROGRAM"},"content":{"rendered":"<p><em><span style=\"font-weight: 400;\">Australia has long been one of the ideal destinations for investors. Since then, the visa program 188 investment immigration has received the most attention. Visa 188 program with a variety of investment forms including Entrepreneur (188A), Investment class (188B), and Key investment (188C). However, on July 1, 2021, the Australian Department of Immigration officially changed the policies of the 188 Visa Program.<\/span><\/em><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-11416 aligncenter\" src=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/UPDATE-THE-LATEST-CHANGES-OF-1-scaled.jpg\" alt=\"visa 188 program\" width=\"2560\" height=\"1344\" title=\"\" srcset=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/UPDATE-THE-LATEST-CHANGES-OF-1-scaled.jpg 2560w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/UPDATE-THE-LATEST-CHANGES-OF-1-300x157.jpg 300w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/UPDATE-THE-LATEST-CHANGES-OF-1-1024x537.jpg 1024w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/UPDATE-THE-LATEST-CHANGES-OF-1-768x403.jpg 768w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/UPDATE-THE-LATEST-CHANGES-OF-1-1536x806.jpg 1536w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/UPDATE-THE-LATEST-CHANGES-OF-1-2048x1075.jpg 2048w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/UPDATE-THE-LATEST-CHANGES-OF-1-24x13.jpg 24w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/UPDATE-THE-LATEST-CHANGES-OF-1-32x17.jpg 32w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/UPDATE-THE-LATEST-CHANGES-OF-1-48x25.jpg 48w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p>\n<h3><b>1. Investment immigration Programs &#8211; Visa 188<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">From 1 July 2021, the business and immigration programs in Australia will be simplified from 9 to 4 types of visas. In particular, the 188 visa types continue to receive applications. Visa 188 program has 3 investment forms, including:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> Creative Entrepreneur Program &#8211; Visa 188A<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Investment Program &#8211; Visa 188B<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Key Investment Program &#8211; Visa 188C<\/span><\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"size-full wp-image-11428 aligncenter\" src=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/3-5.png\" alt=\"visa 188 program\" width=\"1200\" height=\"900\" title=\"\" srcset=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/3-5.png 1200w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/3-5-300x225.png 300w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/3-5-1024x768.png 1024w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/3-5-768x576.png 768w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/3-5-24x18.png 24w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/3-5-32x24.png 32w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/3-5-48x36.png 48w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h3><b>2. The latest changes to the Visa 188 Program<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><span style=\"color: #800000;\"><strong><a style=\"color: #800000;\" href=\"https:\/\/immi.homeaffairs.gov.au\/visas\/getting-a-visa\/visa-listing\/business-innovation-and-investment-188\/business-innovation-stream\" target=\"_blank\" rel=\"noopener nofollow\">The Australian Department of Immigration<\/a><\/strong><\/span> has started to apply new policies for the Visa 188 program. From July 1, 2021, the immigration policies and conditions have changed, specifically as follows:<\/span><\/p>\n<h4><b>Visa 188A &#8211; Creative Entrepreneur Program\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Visa 188A is for investors with business ability. Entrepreneurs who want to establish and develop a business in Australia will be suitable for this program.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">\u00a0<\/span><\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Before 01 July 2021<\/span><\/p>\n<p>&nbsp;<\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">After 01 July 2021<\/span><\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Temporary residence visa duration<\/span><\/p>\n<p>&nbsp;<\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">4 years and 3 months<\/span><\/p>\n<p>&nbsp;<\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">5 years<\/span><\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Revenue of the company (2 out of the last 4 years)<\/span><\/p>\n<p>&nbsp;<\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">500.000 AUD\/year<\/span><\/p>\n<p>&nbsp;<\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">750.000 AUD\/year<\/span><\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Total assets and equity in the business<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(At the time of visa application)<\/span><\/p>\n<p>&nbsp;<\/td>\n<td><span style=\"font-weight: 400;\">800.000 AUD<\/span><\/p>\n<p>&nbsp;<\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">1.25 million AUD<\/span><\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4><b>Visa 188B \u2013 Investment program<\/b><\/h4>\n<table>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">\u00a0<\/span><\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Before 01 July 2021<\/span><\/p>\n<p>&nbsp;<\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">After 01 July 2021<\/span><\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Temporary residence visa duration<\/span><\/p>\n<p>&nbsp;<\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">4 years and 3 months<\/span><\/p>\n<p>&nbsp;<\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">5 years<\/span><\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Minimum net worth<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(in the last 2 years)<\/span><\/p>\n<p>&nbsp;<\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">2.25 million AUD<\/span><\/p>\n<p>&nbsp;<\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">2.5 million AUD<\/span><\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Net worth<\/span><\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">1.5 million AUD<\/span><\/p>\n<p>&nbsp;<\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">2.5 million AUD<\/span><\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">After July 1, 2021, the committed investment is AUD 2.5 million. Subclass 188B investments must be legally purchased and be transferable to Australia within 2 years of the visa being granted. Those investments include:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; At least AUD 500,000 in venture capital\/private equity fund<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; At least AUD 750,000 in approved management funds (this fund invests in growing businesses)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; At least AUD 1.25 million is invested in bonds, stocks,&#8230;<\/span><\/p>\n<h4><b>Visa 188C \u2013 Key Investment program\u00a0<\/b><\/h4>\n<table>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">\u00a0<\/span><\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Before 01 July 2021<\/span><\/p>\n<p>&nbsp;<\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">After 01 July 2021<\/span><\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Temporary residence visa duration<\/span><\/p>\n<p>&nbsp;<\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">4 years and 3 months<\/span><span style=\"font-weight: 400;\">4\u5e743\u4e2a\u6708<\/span><\/td>\n<td>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">5 years<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(<\/span><span style=\"font-weight: 400;\">Can be extended visa 188C 2 times, each time for 2 years, extending the duration of visa 188C to 9 years)<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">The investment level in Visa 188C remains the same at 5 million AUD. However, the proportion of capital invested in projects will change compared to before.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Venture capital\/private equity funds increased to 20% (AUD 1 million) instead of 10% (AUD 500,000) as before<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Investment capital in growing businesses remains at 30% (AUD 1.5 million)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; 50% (2.5 million AUD) of the remaining investment capital will be invested in stocks, bonds,&#8230;<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-11425 aligncenter\" src=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/1-1-1-1.jpg\" alt=\"investment\" width=\"1200\" height=\"900\" title=\"\" srcset=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/1-1-1-1.jpg 1200w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/1-1-1-1-300x225.jpg 300w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/1-1-1-1-1024x768.jpg 1024w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/1-1-1-1-768x576.jpg 768w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/1-1-1-1-24x18.jpg 24w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/1-1-1-1-32x24.jpg 32w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/1-1-1-1-48x36.jpg 48w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h3><b>3. Benefits of becoming an Australian citizen<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Australia is a dynamic country with a high quality of life. Besides, Australia has a very sustainable developed economy. That is why Australia has attracted a lot of immigrant investors, developing here. By becoming a citizen of the Country of Kangaroos, investors and their families will enjoy the best benefits available only to Australian citizens.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Visa-free access to 171 other countries<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Health care system with the most advanced equipment. Citizens will be exempt from all medical expenses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; The government supports many tax and property incentives for Australian citizens.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-11422 aligncenter\" src=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/2-5.png\" alt=\"visa 188 program benefits\" width=\"1200\" height=\"900\" title=\"\" srcset=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/2-5.png 1200w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/2-5-300x225.png 300w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/2-5-1024x768.png 1024w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/2-5-768x576.png 768w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/2-5-24x18.png 24w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/2-5-32x24.png 32w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/2-5-48x36.png 48w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h3><b>Conclusion &#8211; Visa 188 program<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Overall, Australia is a potential country to settle down and develop. The change in investment immigration policies and conditions is aimed at increasing the efficiency of the program as well as helping Australia quickly recover from the pandemic.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To learn more about the Australian Investment Immigration Program, please contact us at<strong> <span style=\"color: #800000;\"><a style=\"color: #800000;\" href=\"https:\/\/porticoandbridge.com\/en\/\" target=\"_blank\" rel=\"noopener\">PORTICO &amp; BRIDGE<\/a><\/span><\/strong>. With a team of more than 50 professionals worldwide, we are happy to assist you. Call us now at <strong>0909.898.758<\/strong><\/span><\/p>\n<p><span style=\"font-weight: 400;\">At<strong> <span style=\"color: #800000;\"><a style=\"color: #800000;\" href=\"https:\/\/porticoandbridge.com\/en\/\" target=\"_blank\" rel=\"noopener\">PORTICO &amp; BRIDGE<\/a><\/span><\/strong>, \u201cYour Children We Care\u201d.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australia has long been one of the ideal destinations for investors. Since then, the visa program 188 investment immigration has received the most attention. Visa 188 program with a variety of investment forms including Entrepreneur (188A), Investment class (188B), and Key investment (188C). However, on July 1, 2021, the Australian Department of Immigration officially changed &#8230; <a title=\"UPDATE THE LATEST CHANGES OF 188 VISA PROGRAM\" class=\"read-more\" href=\"https:\/\/porticoandbridge.com\/en\/update-the-latest-changes-of-188-visa-program\/\">Read more<span class=\"screen-reader-text\">UPDATE THE LATEST CHANGES OF 188 VISA PROGRAM<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":11416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[97],"tags":[334,335,157],"class_list":["post-11411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other-immigration","tag-australia-immigration","tag-immigration","tag-visa-188-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts\/11411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/comments?post=11411"}],"version-history":[{"count":1,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts\/11411\/revisions"}],"predecessor-version":[{"id":11446,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts\/11411\/revisions\/11446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/media\/11416"}],"wp:attachment":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/media?parent=11411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/categories?post=11411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/tags?post=11411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}