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Australia Significant Investor stream, or the subclass 188C visa, is a provisional visa for people who are willing to make an investment of AUD 5 million in Australia. However, the investors will have to comply with the country’s workplace laws and meet certain requirements associated with the visa. The investors are also required to maintain a significant investment amount throughout the validity of the provisional visa.
With the subclass 188C visa, one gets the opportunity to live in Australia for up to five years. They are also eligible to bring their family members to the country. This visa allows travel you to travel to and from Australia multiple times. Investors can also apply for permanent residency after meeting specific eligibility criteria and applying to the Business Innovation and Investment (Permanent) visa (subclass 888) Significant Investor stream.
STEP 1: Check the eligibility requirements.
STEP 2: Prepare a checklist of all the requirements.
STEP 3: Register your Expression of Interest (EOI).
STEP 4: Get your Invitation to Apply.
STEP 5: Submit your application.
STEP 6: Get your visa.
The processing time for subclass 188C varies between 12 to 24 months. However, the processing time always depends upon the following factors:
The processing fee of the subclass 188C visa for the principal applicant is AUD9,195.
However, there is an additional cost for each family member applying with you. An additional applicant over eighteen years of age will have to pay a processing fee of AUD4,595, while an additional applicant under the age of eighteen must pay a processing fee of AUD2,300.
The second instalment charges for the principal applicant are AUD9,795 and AUD4,890 for each additional family member accompanying.
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