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manrug

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About manrug

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  1. manrug

    Investor Visa Subclass 188b

    Relax and go to school. There may also be stipulation of transferring A$ 2.25 (incl. 1.5 m) million into Oz. After 4 years when you apply for permanent visa you still have to show that you are going to do some sort of business/investment.
  2. manrug

    Investor Visa Subclass 188b

    Congratulations. So pleased for you Jalphonse. Keep us informed of your exciting journey.
  3. manrug

    Work under 188b visa

    As far as I am aware - Yes it does give you work rights.
  4. Hi there. 
    my brother would like to apply 188B. but I am not sure if he is eligible Or not: 

    he runs his business of education in Vietnam(he opened the school for 6 years already); the income for two recent years aroud 500k-600k annually. He hold 99% of shares. He is a director as well as a manager to manage this school for 6 years 

    his wife owns the property with value of 3.75 million in Aud

    do you think he is eligible? Thanks for your advice 

     

     

    1. manrug

      manrug

      Hi Its goid to hear from you. It appears they will stand a good chance. This is a very complex visa. I would advise them too seek a consultation with Migration Consultant.

       

      Good luck

  5. manrug

    Investor Visa Subclass 188b

    Hi Jalphonse From previous message I assume your application has been successful. Congratulations. So pleased for you.
  6. manrug

    188b Investor stream

    I forgot to mention Qld stopped taking eoi for 188 visa. In January 2019. Not sure if this has changed.
  7. manrug

    188b Investor stream

    Your understanding is correct. You need to provide proof of where the 1.5m Aust Dollar has come from and how it was generated from legal business or investments. Dont forget if your application is successful you will need to transfer a total of 2.25 million A$ which includes the 1.5 million A$ within 2 years of the initial visa approval. We did our application ourselves. It is a complicated visa. It was difficult and time consuming. If you can using a reputable migration would be a safer bet.
  8. manrug

    Investor Visa Subclass 188b

    Good luck with the documents, please keep us informed of how you get on.
  9. manrug

    Investor Visa Subclass 188b

    Jalphonse That is really good news. How long have they given to you to submit the documents.
  10. You could look at an business/Investor Visa 188. It has 3 streams.
  11. manrug

    Investor Visa Subclass 188b

    Hi Jalphonse Thanks for your reply. 70 days is not very long to sell the assets and raise the $1.5M. We submitted in Feb 19, so I don't think we will hear anything until May 2020.
  12. manrug

    Investor Visa Subclass 188b

    Hi All I thought I will share this information from home affairs showing number of applicants. Success rate and processing time for visa 188b. Interesting fact is the low success rate for this type of visa. Subclass 188 Business Innovation and Investment (Provisional) visa applications lodged in 2018 where the visa sub-type is Investor - comparison with previous year Source: Department of Home Affairs, 2019 (RFI 23087.01) Note 1: Includes primary and secondary applicants. 2017. 2018 2,139. 2,747 Subclass 188 Business Innovation and Investment (Provisional) visas granted in 2018 where the visa sub-type is Investor - comparison with previous year Source: Department of Home Affairs, 2019 (RFI 23087.02) Note 1: Includes primary and secondary applicants. 2017. 2018 810. 1,376 Average processing times (calendar days) for subclass 188 Business Innovation and Investment (Provisional) primary visa applications decided in 2018 where the visa subtype is Investor - comparison with previous year Source: Department of Home Affairs, 2019 (RFI 23087.03) Note 1: Applications decided is based on visas granted or refused. Note 2: The processing time is calculated from the date of lodgement to the date of the decision. Note 3: Where a visa application has gone to merits review, the processing time is calculated from date of lodgement to the original decision date. Note 4: Figures are from a dynamic source and are subject to variations. 2017. 2018 437. Days 517 days • Where applicable, with regards to Immigration data - as per current privacy guidelines, the Department’s policy is to mask numbers which are less than five as <5, noting we are reviewing the confidentiality method for the future. • The Department of Home Affairs must be consulted regarding any requests to use the data for purposes not originally intended or discussed.
  13. manrug

    188B Investment Visa Processing Time

    Visa 188B is taking about 500 days on average from start to finish. Attached is a reply showing no. Of people who applied in each year and the number that were successful and the time taken in 2017 and 2018. Document released.pdf
  14. manrug

    Investor Visa Subclass 188b

    Thanks for your reply. I appreciate your helpful information. Could you just be kind enough to tell me where you got the 6-9 months from. I have not seen it mention anywhere before. I hope it is the case, this will give me plenty of time to sell some assets to raise the $1.5 mil. We have also applied for VISA 143 in January 2017, we are in the queue and the wait on that visa just seems to be getting longer and it may be another 3-4 years wait, so we applied for 188b just before our 55th birthday. "3together" you are welcomed to send me a personal message and stay in contact. As I hear anything else I will keep you updated.
  15. manrug

    Investor Visa Subclass 188b

    Hi All I am pleased to read there are others from Europe who are applying for 188B. We are from the UK, we applied for VISA 188B. We are nominated by Queensland. Our application to Immi was acknowledged on 19 February 2019. Got a request for further information ie police checks, medicals, form 80, etc on 22 February. We were given 28 days to collect all the information. We submitted all documents on 22 March 2019. I too was rather surprised at the speed Immi requested further information. We did our application ourselves, MARA consultants were quoting anything from $8000 to $20,000. I agree it was hard work and a lot of information. Like yourselves I found there was not much information around for this visa and some MARA agents I approached they themselves could not answer some of my questions. One of the questions I had which no body has been able to answer to date is:- The visa 188b is granted after you have made the $1.5million investment in the state treasury bonds. To raise this amount we would need to sell some of our assets which could take 3-6 months. I wanted to know how long would Immi give us once they approve the application and to the time the investment must be made?
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