188 Business and Investment Visa adjustment in 2012 and 2021

This article will compare the change after the Australian 188 Business and investment visa on 1 July 2021 with the year after the change in 2012.

Due to changes in the conditions and subclass adjustment of 188 Business and investment visas in 2012, the number of visa applicants in Korea and Australia decreased significantly in 2013 and 2014.

Many people who prepared for the 188 Investment visa or was waiting for a sponsorship after submitting the letter of intent by 2011 could not meet the qualifications because the investment amount had doubled from $750,000 to $1.5 million in 2012. Due to this, many people considered immigrating to other English countries such as the United States and Canada. However, the number of applicants for business and investment visas in Australia steadily returned in fiscal 2016. 

Because of this, many expected a rise again in the Australian investment visa score in 2020. Likewise, according to the change of requirements announced in 2021, the investment amount requirement doubled from $1.5 million to $2.5 million. However, despite the increase in the minimum assets requirements from $800,000 to $1.25 million, inquiries for Australian business and investment visas have increased. 

Many applicants planning to immigrate to Australia has risen significantly compared to 2012, with the 188 Business and Investment visa. As a consequence of wanting to live in a better environment, obtaining permanent residency for their children after studying in Australia, and the opportunity in business and investment in Australia. Also, the rapidly changing political and economic situation in Korea and visa requirements seems to significantly impact the number of Australian immigrant applications. Thus, despite the changed conditions in 2021, the number of applicants has risen considerably compared to 2012 and is no longer impacted considering immigration to Australia. Due to global inflation in decades, the number of people preparing to immigrate to Australia is likely to increase in the next few years unless the Australian immigration law changes again. 

In the next column, we will look at the two most recent cases of 188 business visas. Firstly, a real case where the change of State was necessary to gain state sponsorship because of the changed 188 investment visa qualifications, and another case of applying for the 188-investment visa in Korea.