Guest The Pom Queen Posted April 16, 2017 Posted April 16, 2017 The Investor stream of subclass 188 allows individuals with an overall successful record of eligible investment or qualifying business activity to move to Australia with their immediate family. The main qualifying requirements are that the main visa applicant must: Be younger than 55 years of age – though a state or territory can waive this requirement if the proposed business or investment activity will be of exceptional economic benefit. Score at least 65 on the applicable points test. Have a high level of management skill in relation to eligible investments or qualifying business activity. Have at least three years’ experience of direct involvement in managing one or more qualifying businesses or eligible investments. Have a genuine and realistic commitment to continuing the business or investment activity in Australia after the original investment has matured. Have (individually, or combined with the main visa applicant’s partner or spouse) total assets of at least A$2.25 million for the two fiscal years immediately before being invited to apply for the visa by the Department of Immigration. These assets must have been legally acquired and able to be legally transferred to Australia within two years of the visa being granted. Have an overall successful record of eligible investment or qualifying business activity with no involvement in unacceptable activities. Be prepared to make an Australian Government approved Designated Investment of A$1.5 million, using funds accumulated from direct involvement – for at least one of the five fiscal years before you are invited to apply for the visa – in one of the following activities: Managing eligible investments that total at least A$1.5 million Managing a qualifying business in which the visa applicant owned at least 10% of the equity Note: A Designated Investment is an interest paying Bond issued by a State or Territory Government in Australia, which is arranged as the final stage in the visa application process. The 188 visa is a provisional or temporary residency visa, which allows individuals holding such a visa to be in a very attractive tax position – as discussed more fully here. It has a validity of 4 years, and before the expiry of the visa another visa must be applied for – this is usually the subclass 888 permanent residency visa, which is available once the Designated Investment has been maintained for 4 years. Requirements for the subclass 888 permanent residency visa are discussed here. Copyright of GM Investors – a division of Go Matilda Visas and GM Tax – brings together significant knowledge and experience in the areas of Australian visa strategy and tax planning.
Guest GeorgeFowell Posted February 22, 2018 Posted February 22, 2018 It is good time to invest in bitcoin.
Jalphonse Posted June 6, 2018 Posted June 6, 2018 Hi there, We applied for the Business Visa (Investor) subclass 188b. Here’s the time line and status so far: - EOI and State Nomination (NSW) on 09/03/18 - Nomination granted on 31/03/18 - Visa application on 26/04/18 - Medical and police clearance completed - 25/05/18 Can someone help with the following questions, please? 1. Is the request for medical/police clearance any indication of when we might receive a grant, as I believe there is only a validity of 12 months? 2. The processing time on the website says 19-20 months, so very surprised with the speed. We cannot make the move until June 2019, so will an early grant be a problem? 3. How long do we have to make the designated investment from the date of grant receipt? Will the department offer flexibility with an extension if required?
Indo Posted July 10, 2018 Posted July 10, 2018 Following . . Applied 188 (A) Fees paid - 2 nd may Documents sent - 9 th may Till now nothing
Welshy Posted December 26, 2018 Posted December 26, 2018 On 10/07/2018 at 14:26, Indo said: Following . . Applied 188 (A) Fees paid - 2 nd may Documents sent - 9 th may Till now nothing Any further updates Indo? We think we meet the requirements for a 188 and I know of someone who sold a manufacturing business in Yorkshire, who then can a sandwich shop in Perth, who now has PR.
Indo Posted January 15, 2019 Posted January 15, 2019 On 26/12/2018 at 18:06, Welshy said: Any further updates Indo? We think we meet the requirements for a 188 and I know of someone who sold a manufacturing business in Yorkshire, who then can a sandwich shop in Perth, who now has PR. No further updates yet. Still on waiting after 8.5 months
Indo Posted January 15, 2019 Posted January 15, 2019 On 26/12/2018 at 18:06, Welshy said: Any further updates Indo? We think we meet the requirements for a 188 and I know of someone who sold a manufacturing business in Yorkshire, who then can a sandwich shop in Perth, who now has PR. Did you apply for 188 b visa?
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