{"id":13119,"date":"2021-08-05T18:59:08","date_gmt":"2021-08-05T11:59:08","guid":{"rendered":"https:\/\/porticoandbridge.com\/?p=13119"},"modified":"2021-09-21T19:19:46","modified_gmt":"2021-09-21T12:19:46","slug":"australian-immigration-program-by-visa-188-and-7-frequent-questions","status":"publish","type":"post","link":"https:\/\/porticoandbridge.com\/en\/australian-immigration-program-by-visa-188-and-7-frequent-questions\/","title":{"rendered":"Australian immigration program by Visa 188 and 7 frequent questions"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Australia is a country famous for its developed economy, high quality education, good living conditions and social security. This is an extremely ideal country for settlement and business development. Realizing the development potential of this country, investors all around the world increasingly have a tendency of investing in Australian settlement program.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-13126 aligncenter\" src=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/6.08_1200x630-01.jpg\" alt=\"Australian immigration program by Visa 188 and 7 frequent questions\" width=\"1200\" height=\"630\" title=\"\" srcset=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/6.08_1200x630-01.jpg 1200w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/6.08_1200x630-01-300x158.jpg 300w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/6.08_1200x630-01-1024x538.jpg 1024w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/6.08_1200x630-01-768x403.jpg 768w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/6.08_1200x630-01-24x13.jpg 24w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/6.08_1200x630-01-32x17.jpg 32w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/6.08_1200x630-01-48x25.jpg 48w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h4><b>What programs do Australian immigration investment programs \u2013 Visa 188 include?<\/b><\/h4>\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 visa. In particular, the Visa 188\u00a0 type continues 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 \u2013 Visa 188A<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Investment Program \u2013 Visa 188B<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Key Investor Program \u2013 Visa 188C<\/span><\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"size-full wp-image-13129 aligncenter\" src=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/6.08.4.jpeg\" alt=\"Australian immigration investment\" width=\"650\" height=\"400\" title=\"\" srcset=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/6.08.4.jpeg 650w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/6.08.4-300x185.jpeg 300w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/6.08.4-24x15.jpeg 24w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/6.08.4-32x20.jpeg 32w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/6.08.4-48x30.jpeg 48w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/p>\n<h4><b>What are the new changes in the 188 Visa Program?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The Australian Department of Immigration has started to apply new policies for the Australian Visa 188 Immigration 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>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Before 01 July 2021<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">After 01 July 2021<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Temporary residence visa duration<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4 years and 3 months<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">5 years<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Revenue of the company (2 out of the last 4 years)<\/span><\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">500.000 AUD\/year<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">750.000 AUD\/year<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><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><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">800.000 AUD<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">1.25 million AUD<\/span><\/p>\n<\/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>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Before 01 July 2021<\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">After 01 July 2021<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Temporary residence visa duration<\/span><\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4 years and 3 months<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">5 years<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Minimum net worth<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">(in the last 2 years)<\/span><\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">2.25 million AUD<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">2.5 million AUD<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\">Investment<\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">1.5 million AUD<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">2.5 million AUD<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\u00a0After 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>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Before 01 July 2021<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">After 01 July 2021<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Temporary residence visa duration<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4 years and 3 months<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">5 years<\/span><\/p>\n<p style=\"text-align: center;\"><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<\/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-13123 aligncenter\" src=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/5.08.jpeg\" alt=\"Australian immigration investment\" width=\"924\" height=\"575\" title=\"\" srcset=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/5.08.jpeg 924w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/5.08-300x187.jpeg 300w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/5.08-768x478.jpeg 768w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/5.08-24x15.jpeg 24w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/5.08-32x20.jpeg 32w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/5.08-48x30.jpeg 48w\" sizes=\"(max-width: 924px) 100vw, 924px\" \/><\/p>\n<h4><b>What are the application conditions?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0Conditions for submitting an application include:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> Investor nominated by an Australian State or Territory government agency before applying<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Have at least AUD 800,000 in total assets<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Pass the skill assessment with a minimum score of 65<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Maximum age is 55 years old<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Have not canceled any previous visas and have complied with the conditions of the previous visas<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Meet health and character requirements<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Meet language requirements (English)<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Own at least one business<\/span><\/li>\n<\/ul>\n<h4><b>How can I value my property?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Popular types of assets such as real estate, corporate assets must be appraised by an independent auditing and valuation unit having a practicing certificate in this field.<\/span><\/p>\n<h4><b>What types of assets can be used for financial proof purposes?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Popular asset classes are selected include:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 Real Estate<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 Corporate assets<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Saving<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 Shares<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All of the above assets must be in the name and ownership of the applicant and\/or accompanying spouse.<\/span><\/p>\n<h4><b>What are the benefits of Visa 188?<\/b><\/h4>\n<table>\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Group of benefits<\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Specific benefit<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">The right of residency<\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">The applicant is temporarily resided in Australia in 4 years and 3 months<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">The right of business management<\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">The applicant can establish and manage a business in Australia or implement of acquisition the available business<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Labor and education rights<\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">The applicant can work and study in Australia<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Learn more than 510 hours of English for free.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">The right of tourism<\/span><\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Freedom of travel in and out of Australia for the duration of the visa<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">The right to guarantee relatives<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">The applicant can guarantee relatives to accompany to Australia if they meet the requirements\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Right to apply for a permanent visa<\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Applicants can apply for visa 188A to settle down if they meet the conditions<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13120 aligncenter\" src=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/5.08.2.jpeg\" alt=\"Sydney Australia\" width=\"1200\" height=\"800\" title=\"\" srcset=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/5.08.2.jpeg 1200w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/5.08.2-300x200.jpeg 300w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/5.08.2-1024x683.jpeg 1024w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/5.08.2-768x512.jpeg 768w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/5.08.2-24x16.jpeg 24w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/5.08.2-32x21.jpeg 32w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2021\/09\/5.08.2-48x32.jpeg 48w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h4><b>How long does it take to process an Australian immigration visa by investment?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Approximately 8 to 10 months from the time of applying for a visa<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This time includes all the steps: Submit application for state gurantee (1 month) and the official processing time of the Australian Immigration Department (6-9 months).<\/span><\/p>\n<h4><b>About Portico &amp; Bridge<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Portico &amp; Bridge is a leading European immigration consultant, with more than 35 years of experience and a team of more than 50 professionals worldwide.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For more information about the Australian immigration program and other investment programs, please contact Portico &amp; Bridge for detailed support.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Call us now at 0909.898.758<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At <span style=\"color: #800000;\"><strong><a style=\"color: #800000;\" href=\"https:\/\/porticoandbridge.com\/\">PORTICO &amp; BRIDGE<\/a><\/strong><\/span>, \u201cYour Children, We Care\u201d.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australia is a country famous for its developed economy, high quality education, good living conditions and social security. This is an extremely ideal country for settlement and business development. Realizing the development potential of this country, investors all around the world increasingly have a tendency of investing in Australian settlement program. What programs do Australian &#8230; <a title=\"Australian immigration program by Visa 188 and 7 frequent questions\" class=\"read-more\" href=\"https:\/\/porticoandbridge.com\/en\/australian-immigration-program-by-visa-188-and-7-frequent-questions\/\">Read more<span class=\"screen-reader-text\">Australian immigration program by Visa 188 and 7 frequent questions<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":13126,"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":[358],"tags":[],"class_list":["post-13119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other-countries-immigration"],"acf":[],"_links":{"self":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts\/13119","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=13119"}],"version-history":[{"count":1,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts\/13119\/revisions"}],"predecessor-version":[{"id":13132,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts\/13119\/revisions\/13132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/media\/13126"}],"wp:attachment":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/media?parent=13119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/categories?post=13119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/tags?post=13119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}