188 C,D,E Real Life cases

In this column, we will take a closer look at 188C Significant Investor, 188D Premium Investor, and 188E Entrepreneur Visa with real-life cases on the visas.

The most frequently asked question regarding the 188C Significant Investor Visa is whether the purchasing of a house, commercial property or golf course etc.  meets AUD $5 million investment requirements.

The answer is NO.

Mr. Wang in China heard that his relative’s acquaintance PR for Australia through the 188 Investor Visa program after acquiring real estate in Australia.

However, this is not true.

He has confused by misunderstanding the provisions of the Immigration Regulation that allow 188C visa holder to invest in commercial property for AUD $3 million out of the AUD $5 million. However, this investment in commercial property is only allowed through a designated managed fund.

Sometimes, the applicants for Business Talent Visa (Subclass 132A) are involved in property development business. At the end of the project, the applicant purchases back and reside in the developed property. It can be seen that they have obtained permanent residency by purchasing a residential property, but this is also a misleading case by looking at the result only and not knowing the exact pathway to meet the visa requirements.

188D Premium Investor Visa has the advantage of obtaining permanent residency in a shorter period of time, but due to the higher investment of AUD $15M, there are practically few applicants.

188E Entrepreneur Visa was initiated with a great expectation from September 10, 2016, while other 188 visas were in effect on July 1, 2012. However, only a few have been granted the visas over the past four years, because of the clause, “At least AUD $200,000 must be invested by designated venture capital or institution in Australian Immigration Law.”

So far, we have all looked at the visa requirements for obtaining 188 A, B, C, D & E visas with the real-life cases for each visa.

As mentioned in the first column of the Business Visa, 188 visas are not permanent residency visa.

After obtaining a 188 visa, the visa holder must meet each visa requirements to be eligible to apply for a permanent resident visa.

So, from the next column, we will find out the visa requirements for 888 Permanent Residency after obtaining a 188 Temporary Business Visa.