Residential Requirements 188C Visa

You must have a genuine commitment to reside in NSW and contribute to NSW through your investment activity.

State’s requirements for 188C Visa

Your complying investments will make a contribution to the NSW economy.

At least 50% of your venture capital component must be invested in:

• a venture capital fund that makes eligible investments in businesses headquartered in NSW; and
• the general partner of the venture capital fund maintains an office in NSW

At least 50% of the emerging companies component must be invested in securities issued by a company or trustee headquartered** in NSW, that are either:

• quoted on ASX Limited; or
• securities (Australian non-ASX quoted securities) quoted on an Australian securities exchange other than ASX limited

At least 50% of your balancing investments must bring benefits to NSW. This can be shown where:

• the funds have an office in NSW; or
• the business of underlying investment is headquartered in NSW; or
• the business activities of underlying investment are of economic benefit to NSW

**NSW defines 'headquartered in NSW' as:

• having an ABN registration address in NSW; and
• a sufficiently significant proportion of the company’s overall activities are in NSW as to merit it being described as a NSW company; and
• the company’s activities are substantial in NSW and are not merely peripheral activity of the company

Residential Requirements 188C Visa

You must intend to live in Victoria. You and your family cannot live in other states or territories of Australia.The visa holder is required to purchase or rent a residential home as evidence of their residence in Victoria.

State’s requirements for 188C Visa

Complying investments will make a contribution to the Victorian economy.

Victorian based Early Stage Venture Capital Limited Partnership (ESVCLP), Venture Capital Limited Partnership (VCLP) or a Fund of Funds (AFOF). The fund must be registered with the Department of Industry, Science, Energy and Resources and comply with the current applicable Complying Investment framework. This includes eligible Private Equity funds.

VC funds are considered “Victorian” if they have an operating business address in Victoria (not a home office – must be a reasonable commercial address that is fit for purpose) and have a dedicated employee resource located in Victoria.

All complying balancing and Emerging Companies investments made by Victorian Government nominated Significant Investor Stream visa holders must either ensure that the:

– Victorian investment is included in the chosen investments, or the managed fund provider maintains an office in Victoria.

Any eligible investment under the Complying Investment Framework that includes investment into businesses, infrastructure, projects or ventures located in Victoria is considered to be a Victorian Investment.

Residential Requirements 188C Visa

Demonstrate a genuine commitment to Queensland.

State’s requirements for 188C Visa

• Complying Investment Framework (CIF)
• 20% in Venture Capital & Growth Private Equity funds (VCPE) that invest in start-up and small private Companies
• 30% in approved managed funds that must invest in emerging companies listed on the Australian Stock Exchange
• 50% in balancing investments of managed funds

Residential Requirements 188C Visa

Intend to live in South Australia.

State’s requirements for 188C Visa

• The complying investment fund must materially benefit South Australia.
• The choice of investment options is based on the client’s own preference and Department of Home Affairs complying investment requirements.

Additional Visa 188c Significant Investor Visa requirement

Agree to register your arrival in South Australia and maintain current contact details for the duration of your visa.

Residential Requirements 188C Visa

Applicants and any family members (dependents) residing in Australia are required to live, work and/or study in Western Australia.

State’s requirements for 188C Visa

Agree to re-invest the $5 million complying investments into any Western Australian assets, upon maturity of the complying investment.

Residential Requirements 188C Visa

Agree that you and any family members (dependents) live, work and/or study in Canberra.

State’s requirements for 188C Visa

Your complying investments will make a contribution to the ACT economy. For example:

• Venture capital and growth private equity fund investing in start-ups and small private companies in the ACT; or
• Venture Capital Limited Partner (VCLP) fund component in a fund that is actively sourcing investment in the ACT.

Residential Requirements 188C Visa

State’s requirements for 188C Visa

Additional Visa 188c Significant Investor Visa requirement

You must notify Australia's Northern Territory (NT) Government of your contact details, including any changes.

We understand the amount of investment is higher than the other 188 Visa streams with a $5M ready to invest in. In return, you will receive a lot of advantages from applying for 188C Visa:

1. NO age limits
2. NO Minimum English requirement
3. NO Business experience required
4. NO require primary applicant to reside in Australia for a long period of time and flexible in residential requirements
5. NO Academic qualification requirement
6. NO Points test
7. Faster Processing time for 188C Visa applications

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If you cannot meet the residential requirement but your partner can meet it, you are still eligible for the 888. Your partner must have been residing in Australia for a minimum of 180 days per year.

Unfortunately you cannot use any existing investment amount in Australia to meet the $5M investment required for 188C Visa.

You can withdraw the fund to add into what you have had before the application lodged because it is easy to prove the source of funds.

It is compulsory to invest exactly $5M at the application date.

Yes, there are a significant number of risks you might have to face if you do not follow professional advice from Immigration Lawyers:

1. Investment fund risk: Choosing insecure fund or not satisfying Australian Government requirement
2. Missing good investment opportunities because of delaying in documentation process: you might experience some delay if your documents are not clear, or in low quality scan and not updated regularly by your representatives
3. Choosing wrong and misleading agencies can make your investment gone

Please choose agencies with excellent reputation and trusted partners to manage your fund. Work Visa Lawyers is proud to be one of the most professional Immigration Law firms in Australia.

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Yes, you can change the investment distribution given that you have notified the Australian Government and the fund goes to a complying investment framework of Australia.

It depends on the situation. You might be required to apply for Visa 188C offshore or onshore.

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Yes, it is compulsory to prove the source of fund for Visa 188C application. Work Visa Lawyers has seen many applicants who were struggling with this process. To avoid it, please talk to professional immigration lawyer in Australia for the best advice.

Yes you can and your dependent will also be able to enjoy the benefit of Australian Education with paying domestic fee for most schools in Australia such as secondary school, high school or primary school and below bachelor degree level.

It depends on who invited you to apply. If Austrade invited you, you can stay anywhere in Australia. If you are nominated by a state or territory of Australia, you must reside in that state or territory.

Work Visa Lawyers’ trusted partners will help 188C Visa clients manage their $5M AUD investment. Work Visa Lawyers manage all the documents necessary to the Visa 188 application and Permanent Residency 888 Visa application.