About the project

Australian government announced policies related to Significant Investor Visa on Aug.29^th 2012, the visa is preparing for its legalization and will be executive from Nov.24^th 2012. The Significant Investor Visa is part of the 188 temperate visas and 888 permanent visa.

A. Qualification of the visa applicant:

1. For those who was nominated by the state or regional government.
2. With a minimum investment of AUD500, 000 on the stipulated project.
3. No requirement for the applicant including: points test, educational background, English, age ceiling, and the term of residing in Australia is shortened.

 
 B. The stipulated investment project including:

1. Bonds issued by state government or regional government.
2. And fund authorized to invest in Australia and supervised by Australian Securities & Investment Committee.
3. Direct invest in the Australian private company without listing.

C.  Funds supervised by Australian Securities & Investment Commission: the authorized management fund can only invest in the property in Australia, and are restrictive as follows:

1. Australian infrastructure project;
2. Savings in either of an Australian bank;
3. Bond issued by the state or regional government;
4. Bond or shares issued by Australian listing companies;
5. Bond or time deposit issued by Australian financial institutions;
6. Property in Australia;
7. Other funds invested on any of the above mentioned capital and supervised by Australian Securities and Investment Commission.

D. Direct investment on the non listing companies in Australia: For any direct investment on Australian non-listing companies, the following standards are required to meet:

1. Any qualified companies with a real registration in Australia;
2. Acquirer of the stocks in the company by applicants;
3. The company must has legal registration;
4. The company should has Australian business number(ABN).
    

E. The investment is under the name of the applicant, or the joint account of the applicant and his or her spouse or de factor:

1. By the applicant or the joint account of the applicant and his or her spouse or de factor;
2. By a company, the company is sole owned by the applicant or 100% owned by the joint account of the applicant and his or her spouse or de factor;
3. By a trust company, the consignee and beneficiary must including both the applicant and his or her spouse or de factor;
4. The investment should not under the superannuation fund.
5. Requirement on the residence:

The investor should meet the requirement of 160 days residence within four years. Anyone fail to meet the requirement can choose an extension of two years and 240 days residence within six years, or another two years of extension, 320 days residence within eight years. The policies offer those applicants who fail to meet the minimum requirement of residence in four years more flexibility.
 
PASFUND expert insight-Significant Investor 188 Visa has the following advantages:

1. There is no specific requirements on both the revenue of previous business or investment and the requirement of the share or capital of the enterprise;
2. The key of this visa is to obtain the nomination of the state or regional government with an investment of AUD5 million. The purpose for the Australian government to promote this visa is to attract more international fund and further increase the economic growth and encourage the renovation of the enterprise;
3. The visa is eligible for those enterprise with large economic power, however it can not meet the stipulations of 132 Business Talent Permanent Visa, including those people who was managing the enterprise in the past four years, age ceiling or any rigid terms on the investment companies in Australia, avoid the risk of those enterprises which are running business in Australia.
4. Compare to a normal 188 investor visa, the requirement for residence term is shorter, this is a sparkling sales point for those businessmen who is busy with their businesses and does not have time.
5. Fast approval time: Australian government has promised a simplified application procedure as quick as 30-60 days.