Visa 188C – Benefits
The Australia Citizenship by Investment Program for Entrepreneurs under Visa 188 – allows investors to own and manage business investments in Australia in a variety of ways.
Investors and legal family members including: spouse and unmarried children under 23 years old (dependent) will be granted a temporary residence visa (Visa 188 – Provisional visa) with a period of 4 years and 3 months which can be extended for 2 years after that depending on the type of investment, or continue to apply for a permanent resident visa (Visa 888 – Permanent Residence).
The strength of the program is the quick processing time, simple documents and easy financial proof.
Through a reasonable investment, investors and family members will have the opportunity to settle in Australia and have Australian education, health, and social security benefits.
Benefits for visa 188C
- Establish or develop an existing business or invest in Australia.
- Entering and exiting Australia within the validity of the visa.
- Bring family members to live in Australia.
- Get a chance to gain permanent residency in Australia by applying for the Business Innovation and Investment Permanent Residence Visa (Visa 888).
Advantages of Visa 188C compared to other Visas (Visa 188A, visa 188B)
- The applicant is not restricted by age or English proficiency.
- The application score does not need to be at least 65 points on the Australian migration scale.
- Commit to invest AUD 5 million in investments designated by the Australian government upon an invitation to invest and must maintain this investment continuously throughout the 4-year term of the visa maximum 2 times with a term of 2 years/time.