yymm

On ‎27‎/‎09‎/‎2019 at 10:44, 3together said:

I think you do not have to prove exactly AUD1.5M of your investments. It is more like this:

Based on our immi agent it is a multi step they check. First of all, you have to prove you own AUD2.25M for the last two years. Actually, you have to prove it for 3 dates like 27.09.2019, 27.09.2018, 27.09.2017. So you need detailed documentation, valuations etc. for this specific dates. But you can choose the date, which should not be more than 3 month before your application date. 

Then you have to prove it, that you earned the money legally. Usually, this is based on your investments. Be aware, the investments you are putting in the form are the ones you need to use to make the designated investment. So you cannot use any other assets, than the ones you put in the form. Of course, you do not have to earned the money withhin the last few years. Or you can prove it is from a legacy, lottery, you job etc. 

Besides proving your financials, you need to prove that you manage the assets. Like you actually run your business, or you manage the renting of the real estates etc. pp. 

For us it was quite complex, as it was based on company, real estate etc. A lot of paperwork, especially for the company. I was happy to have a migration agent to lead me through the process and check the paperwork before turning it in. 

Really thanks for our great help, I am now still under the process of gathering all the documents. And here are my questions:

1) Will Immigration Dept. check the details about my source of fund of AUD2.25M asset, for example, will they check it in details? for example: among the AUD2.25m, AUD1M is from legacy, AUD1M is from Salary, AUD0.25M is the profit from selling real estate, do I need to show all the transaction evidences(as we need to trace back all the statements more than a decades....or  how to show my salary contributed to my Asset)?  Or I can write a declaration to declare that the source of fund is based on Legacy, Salary and Investments is ok enough?

2) For the Point Test, regarding to the Point for "Investment Experience", how to prove that I have 4years investment experiences? If I am going to apply the visa in Jan 2020, is it correct that I should provide the Investment e-statements on 31 Dec of 2016,2017,2018,2019? If the amount is more that AUS10K in these e-statements(4 fiscal year), it can prove that I have 4 years investment experiences?

3) Is it all the e-statements must be on the same date(in my case is 31 Dec)? Can they accept 2 or 3 days difference?

4) Since you are using an immi agent, do you still need to make a statement on how to manage your business/investments or how can you make a successful business/investments..etc?

Sorry for so many questions....As it is really difficult to find such kind of information .....

Sorry, I have one question about applying 188B visa, is it a must to have an experience on gaining AUD1.5M profit from my investments ? Is it one of the criteria on apply this visa?

Thanks a lot.