Significant Investor Visa 118c Australia Business Innovation Investment Visas

Victoria – Investor and Significant Investor streams open

Skilled and Business Migration Victoria have provided an information update on the SC 188B and 188C streams. The visa nomination programs are now open.

Those who received a Victorian government nomination for an Investor or Significant Investor visa prior to 1 July 2021 are not affected by these changes even if their visa is still in process.
There have been major changes to the program in line with the Department’s changes to the investment requirements for these subclasses.

Investor (188B)

  • Complying investments of A$2.5million (held for the duration of the provisional visa)
  • Minimum SkillSelect points score of 80
  • No requirement to make any additional investments
  • No requirement to invest in Designated Investment Bonds
  • All complying Venture Capital and Private Growth Equity funds (VCPE) investments must be made into Victorian based funds.

Significant Investor (188C)

  • Updated Complying Investment Framework for complying investments of A$5 million (held for the duration of the provisional visa)
  • All complying Venture Capital and Private Growth Equity funds (VCPE) investments must be made into Victorian based funds.

The Business Innovation and Investment (Provisional) visa (subclass 188C) – Significant Investor stream was introduced by the Australian Government in 2012.   The SIV complying framework was amended to direct investment into more productive areas of the economy. Since then there have been further reviews but yet there have been no outcomes announced but we expect announcements in 2021 which may include high investment requirements.

This is an extremely popular visa

  • No age limits
  • NUMBER ONE INVESTOR VISA IN AUSTRALIA
  • Young people can migrate even if the funding parent is not intending to migrate.

188C Significant Investor Business Innovation and Investment visa to Australia

 

Investment framework

Invest 5 million AUD

Invest at least AUD5 million that meets certain requirements and have a genuine intention to hold that investment for at least for 4 years.

It must be invested in the following proportions:

# at least AUD500,000 in venture capital and growth private equity funds which invest in start-ups and small private companies

# at least AUD1.5 million in approved managed funds. The managed funds must invest in emerging companies listed on the Australian Stock Exchange

# a ‘balancing investment’ of at least AUD3 million in managed funds

  • The managed funds can invest in a range of assets, including companies listed on the Australian stock exchange, Australian corporate bonds or notes, annuities and commercial real estate.
  • We prohibit direct investment in residential real estate. We strictly limit indirect investment in residential property through managed funds.
  • You must not use investments as security or collateral for a loan

Breaking News

Victoria’s Significant Investor (subclass 188C) visa nominations open on Monday, 30 November

The following email has been received from the Victorian Government

From 9AM AEST on Monday 30 November, the Victorian Government will open to receive new applications for Significant Investor (subclass 188C) visa (SIV) nominations.

The re-opening is possible due to a limited number of visa places remaining from the Commonwealth Government’s interim allocation in August 2020.

New state nomination visa places pending

The Victorian Government is awaiting further advice from the Department of Home Affairs on the allocations for skilled, business and investor state nominations for the remainder of the 2020-21 program year.We will provide an update as more information becomes available. Please continue to check our website news for updates.

In the meantime, all other business innovation and investor visa nomination applications (subclass 188A, 188B, and 188E streams and subclass 132A and 132B streams) and the skilled program (subclass 190 and subclass 491) remain closed to new applications.

We continue to select high calibre skilled migrants for nomination from the pool of Registration of Interest submissions.

Do you want to know more about Melbourne?

For those who are interested we can provide information on:

Economic profiles including:

  • Key industries
  • Employment information
  • Tourism
  • Trends
  • Covid-19 impacts on employment, output, wages and salaries

Community profiles including:

  • Population
  • Migration
  • Education
  • Trends

Explore the different areas of Melbourne and discover what makes this one of the world’s most liveable cities.

When we talk about Melbourne as a city, we’re talking about metropolitan Melbourne. Also known as Greater Melbourne, metropolitan Melbourne is the geographical area that defines Melbourne as a city and the capital of the state of Victoria.

Melbourne supports 457,465 jobs and has an annual economic output of $183.630 billion.

Spanning over 9990 km2 metropolitan Melbourne is home to 4.9 million people. With people from more than 200 countries, we are known as Australia’s most culturally diverse city.

Victoria is divided into 79 local government areas – with 31 of them located in metropolitan Melbourne.  Local councils provide a wide variety of services to their municipalities and enforce federal, state and local laws.