{"id":4039,"date":"2023-03-13T16:08:10","date_gmt":"2023-03-13T09:08:10","guid":{"rendered":"https:\/\/investmentaus.vemvisa.com\/?p=4039"},"modified":"2023-07-06T16:12:38","modified_gmt":"2023-07-06T09:12:38","slug":"subclass-188c-visa","status":"publish","type":"post","link":"https:\/\/investmentaus.vemvisa.com\/en\/subclass-188c-visa\/","title":{"rendered":"Subclass 188C Visa"},"content":{"rendered":"<h2 id=\"what-is-a-subclass-188a-visa\">What is a subclass 188C visa?<\/h2>\n<p style=\"text-align: justify;\">Business Innovation and Investment (Provisional) visa (subclass 188) &#8211; <strong><a href=\"https:\/\/investmentaus.vemvisa.com\/en\/subclass-188c-visa\/\">Significant Investor stream<\/a><\/strong> for people who are willing to invest at least AUD 5 million into complying investments in Australia and want to maintain business and investment activity in Australia after the original investment has matured.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" class=\"size-full wp-image-3980 aligncenter\" src=\"https:\/\/investmentaus.vemvisa.com\/wp-content\/uploads\/2023\/02\/what-is-a-subclass-188c-visa.jpg\" alt=\"visa 188c australia\" width=\"900\" height=\"500\" srcset=\"https:\/\/investmentaus.vemvisa.com\/wp-content\/uploads\/2023\/02\/what-is-a-subclass-188c-visa.jpg 900w, https:\/\/investmentaus.vemvisa.com\/wp-content\/uploads\/2023\/02\/what-is-a-subclass-188c-visa-300x167.jpg 300w, https:\/\/investmentaus.vemvisa.com\/wp-content\/uploads\/2023\/02\/what-is-a-subclass-188c-visa-768x427.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"benefits\">The benefits of the subclass 188C visa<\/h2>\n<p>&nbsp;<\/p>\n<table style=\"width: 100%; border-collapse: collapse; border-style: double; border-color: #0d418f; height: 199px;\">\n<tbody>\n<tr style=\"height: 47px;\">\n<td style=\"width: 27.2366%; text-align: center; height: 47px;\"><span style=\"font-size: 14pt; color: #002359;\"><b>Benefits<\/b><\/span><\/td>\n<td style=\"width: 72.7634%; text-align: center; height: 47px;\"><span style=\"font-size: 14pt; color: #002359;\"><b>Details<\/b><\/span><\/td>\n<\/tr>\n<tr style=\"height: 42px;\">\n<td style=\"width: 27.2366%; text-align: center; height: 18px;\"><span style=\"color: #002359;\">Residence<\/span><\/td>\n<td style=\"width: 72.7634%; height: 18px; text-align: left;\">Staying in Australia for up to 5 years (or previously up to 4 years and 3 months).<\/td>\n<\/tr>\n<tr style=\"height: 42px;\">\n<td style=\"width: 27.2366%; text-align: center; height: 34px;\"><span style=\"color: #002359;\">Social security<\/span><\/td>\n<td style=\"width: 72.7634%; height: 34px; text-align: left;\">Applicants are entitled to access some of social security benefits.<\/td>\n<\/tr>\n<tr style=\"height: 42px;\">\n<td style=\"width: 27.2366%; text-align: center; height: 10px;\"><span style=\"color: #002359;\">Including family members<\/span><\/td>\n<td style=\"width: 72.7634%; height: 10px; text-align: left;\">Family members can come to Australia together with the main visa holder.<\/td>\n<\/tr>\n<tr style=\"height: 42px;\">\n<td style=\"width: 27.2366%; text-align: center; height: 29px;\"><span style=\"color: #002359;\">Multiple entries<\/span><\/td>\n<td style=\"width: 72.7634%; height: 29px; text-align: left;\">Being able to travel outside Australia and return as many times as they want when the visa is valid.<\/td>\n<\/tr>\n<tr style=\"height: 42px;\">\n<td style=\"width: 27.2366%; text-align: center; height: 28px;\"><span style=\"color: #002359;\">Education and working<\/span><\/td>\n<td style=\"width: 72.7634%; height: 28px; text-align: left;\">Being allowed to work and study, especially being entitled for free English study.<\/td>\n<\/tr>\n<tr style=\"height: 42px;\">\n<td style=\"width: 27.2366%; text-align: center; height: 33px;\"><span style=\"color: #002359;\">Applying for Australian citizenship, if eligible<\/span><\/td>\n<td style=\"width: 72.7634%; height: 33px; text-align: left;\">Permanent resident visa holders have the opportunity to become Australian citizens.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2 id=\"benefits\">Advantages of the subclass 188C visa<\/h2>\n<p style=\"text-align: justify;\">Differently from other business\/investment streams, there are no following requirements:<\/p>\n<ul>\n<li>Age<\/li>\n<li>Migration Points<\/li>\n<li>Education\/business experience requirements<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">However, satisfying sources of fund requirement and choosing a low risky and profitable investment fund organization is very important. VEM&#8217;s migration specialist will provide you best advice and assistance.<\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"requirements\">Summary of core SIV criteria &#8211; Subclass 188C (Stage 1)<\/h2>\n<h3 id=\"requirements-subclass-188a\" style=\"padding-left: 40px;\">The requirements of subclass 188C visa (phase 1)<\/h3>\n<p>&nbsp;<\/p>\n<table style=\"width: 100%; border-collapse: collapse; border-style: double; border-color: #0d418f; height: 198px;\">\n<tbody>\n<tr style=\"height: 56px;\">\n<td style=\"width: 20.427%; text-align: center; height: 10px;\"><span style=\"font-size: 12pt; color: #002359;\"><b>Requirements<\/b><\/span><\/td>\n<td style=\"width: 79.573%; text-align: center; height: 10px;\"><span style=\"color: #002359;\"><b><span style=\"font-size: 12pt;\">Details<\/span> <\/b><\/span><\/td>\n<\/tr>\n<tr style=\"height: 42px;\">\n<td style=\"width: 20.427%; text-align: center; height: 27px;\"><span style=\"color: #002359;\">Be nominated<\/span><\/td>\n<td style=\"width: 79.573%; height: 27px; text-align: left;\">Applicants must be nominated by an Australian State before being invited to apply for this visa.<\/td>\n<\/tr>\n<tr style=\"height: 100px;\">\n<td style=\"width: 20.427%; text-align: center; height: 75px;\"><span style=\"color: #002359;\">Investment<\/span><\/td>\n<td style=\"width: 79.573%; height: 75px; text-align: justify;\">\n<p style=\"text-align: left;\">This visa is for people who invest at least 5 million AUD in investment funds regulated by the Australian Government.<\/p>\n<ul>\n<li style=\"text-align: left;\">at least 1 million AUD in venture capital and growth private equity funds which invest in start-ups and small private companies.<\/li>\n<li style=\"text-align: left;\">at least 1.5 million AUD in approved managed funds. The managed funds must invest in emerging companies listed on the Australian Stock Exchange.<\/li>\n<li style=\"text-align: left;\">a \u2018balancing investment\u2019 of at least 2.5 million AUD in managed funds.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 20.427%; text-align: center; height: 16px;\"><span style=\"color: #002359;\">English<\/span><\/td>\n<td style=\"width: 79.573%; height: 16px; text-align: justify;\">Score at least 4.5 IELTS, or an equivalent English test result (applicants can pay an additional fee if not meet the requirement).<\/td>\n<\/tr>\n<tr style=\"height: 56px;\">\n<td style=\"width: 20.427%; text-align: center; height: 56px;\"><span style=\"color: #002359;\">Health<\/span><\/td>\n<td style=\"width: 79.573%; height: 56px; text-align: justify;\">Must meet the health requirements regulated by the Australian Government.<\/td>\n<\/tr>\n<tr style=\"height: 42px;\">\n<td style=\"width: 20.427%; text-align: center; height: 14px;\"><span style=\"color: #002359;\">Criminal Records<\/span><\/td>\n<td style=\"width: 79.573%; height: 14px; text-align: justify;\">\n<ul>\n<li>Applicants and partners have no history of illegal business or investment in Australia.<\/li>\n<li>Have no debt to the Australian Government. If so, applicants must have paid it back or have an approved arrangement in place to pay it back.<\/li>\n<li>Have no criminal records.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">In order to have proper preparation from the beginning and the best assistance through your visa process, let VEM accompany you. At VEM, Mr. Phong Cao \u2013 an Immigration Specialist licensed by the Australian Government (MARN: 1577877) is the person who directly advises and assists you with the whole process. Not only for the first visa stage, he will continue assist you with the PR stage when you come to Australia.<\/p>\n<p>&nbsp;<\/p>\n<h3 id=\"requirements-subclass-888a\" style=\"padding-left: 40px;\">Summary of core SIV criteria &#8211; Subclass 888C visa (Stage 2)<\/h3>\n<p>&nbsp;<\/p>\n<table style=\"width: 100%; border-collapse: collapse; border-style: double; border-color: #0d418f; height: 77px;\">\n<tbody>\n<tr style=\"height: 41px;\">\n<td style=\"width: 20.6667%; text-align: center; height: 29px;\"><span style=\"font-size: 12pt; color: #002359;\"><b>Requirements<\/b><\/span><\/td>\n<td style=\"width: 79.3333%; text-align: center; height: 29px;\"><span style=\"font-size: 12pt; color: #002359;\"><b>Details<\/b><\/span><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 20.6667%; text-align: center; height: 10px;\"><span style=\"color: #002359;\">Length of stay in Australia with a subclass 188C visa<\/span><\/td>\n<td style=\"width: 79.3333%; height: 10px; text-align: left;\">40 days\/year (for applicants), or 180 days\/year (for dependent applicants).<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 20.6667%; text-align: center; height: 10px;\"><span style=\"color: #002359;\">Be nominated<\/span><\/td>\n<td style=\"width: 79.3333%; text-align: center; height: 5px;\">\n<p style=\"text-align: justify;\">Having a nomination approval by the stage\/territory where the applicant is investing before being invited to apply for the 888C visa.<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 20.6667%; text-align: center; height: 28px;\"><span style=\"color: #002359;\">Investment<\/span><\/td>\n<td style=\"width: 79.3333%; height: 28px; text-align: justify;\">Maintain an investment of 5 million AUD throughout the 188C visa holding period.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2 id=\"migration-points\">How to stay in Australia if the subclass 188C visa expired?<\/h2>\n<p style=\"text-align: justify;\">No more extension of the visa is allowed except for the previous legacy visa holders.<\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"step-by-step\">Step-by-step of the subclass 188C visa<\/h2>\n<p style=\"text-align: justify;\">Step 1: Assessing applicant&#8217;s ability to qualify for this visa<br \/>\nStep 2: Preparing documents<br \/>\nStep 3: Submitting applicant&#8217;s Expression of Interest (EOI)<br \/>\nStep 4: Be nominated by a State or Territory, and then be invited to apply.<br \/>\nStep 5: Applying for the visa<br \/>\nStep 6: Additional documents if needed.<br \/>\nStep 7: Making the investment<br \/>\nStep 8: The subclass 188C visa is granted<\/p>\n<p style=\"text-align: justify;\">As a client with VEM, our qualified migration specialist will advise and guide you through your whole visa process.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" class=\"size-full wp-image-3981 aligncenter\" src=\"https:\/\/investmentaus.vemvisa.com\/wp-content\/uploads\/2023\/02\/step-by-step-of-the-subclass-188c-visa.jpg\" alt=\"australian visa 188c\" width=\"900\" height=\"500\" srcset=\"https:\/\/investmentaus.vemvisa.com\/wp-content\/uploads\/2023\/02\/step-by-step-of-the-subclass-188c-visa.jpg 900w, https:\/\/investmentaus.vemvisa.com\/wp-content\/uploads\/2023\/02\/step-by-step-of-the-subclass-188c-visa-300x167.jpg 300w, https:\/\/investmentaus.vemvisa.com\/wp-content\/uploads\/2023\/02\/step-by-step-of-the-subclass-188c-visa-768x427.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"documents\">What must prepare for the subclass 188C visa documents<\/h2>\n<p>&nbsp;<\/p>\n<table style=\"width: 100%; border-collapse: collapse; border-style: double; border-color: #0d418f; height: 175px;\">\n<tbody>\n<tr style=\"height: 49px;\">\n<td style=\"width: 19.4747%; text-align: center; height: 51px;\"><span style=\"font-size: 12pt; color: #002359;\"><b>Documents<\/b><\/span><\/td>\n<td style=\"width: 80.5254%; text-align: center; height: 51px;\"><span style=\"font-size: 12pt; color: #002359;\"><b>Details<\/b><\/span><span style=\"font-size: 14pt; color: #002359;\"><b><br \/>\n<\/b><\/span><\/td>\n<\/tr>\n<tr style=\"height: 176px;\">\n<td style=\"width: 19.4747%; text-align: center; height: 66px;\"><span style=\"color: #002359;\">Identification papers<\/span><\/td>\n<td style=\"width: 80.5254%; text-align: center; height: 66px;\">\n<ul>\n<li style=\"text-align: justify;\">Passport photos.<\/li>\n<li style=\"text-align: justify;\">Certified copies of the applicant&#8217;s passport.<\/li>\n<li style=\"text-align: justify;\">Certified copies of the applicants&#8217; ID cards.<\/li>\n<li style=\"text-align: justify;\">Certified copies of the applicant&#8217;s birth certificate.<\/li>\n<li style=\"text-align: justify;\">Marriage certificates (if any).<\/li>\n<li style=\"text-align: justify;\">Proof of change of name, if applicable<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 19.4747%; text-align: center; height: 24px;\"><span style=\"color: #002359;\">Nomination letter<\/span><\/td>\n<td style=\"height: 24px; width: 80.5254%; text-align: left;\">Complete form 1414 and send it to the territory\/state where you want to do investment.<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 19.4747%; text-align: center; height: 24px;\"><span style=\"color: #002359;\">Business and investment<\/span><\/td>\n<td style=\"width: 80.5254%; text-align: left; height: 24px;\">No requirements.<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 19.4747%; text-align: center; height: 10px;\"><span style=\"color: #002359;\">English<\/span><\/td>\n<td style=\"width: 80.5254%; height: 10px; text-align: left;\">Provide proof of the applicant&#8217;s financial capacity.<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 19.4747%; text-align: center;\"><span style=\"color: #002359;\">Judicial Records<\/span><\/td>\n<td style=\"width: 80.5254%; text-align: left;\">\n<ul>\n<li>Applicants and partners have no history of illegal business or investment in Australia.<\/li>\n<li>Have no debt to the Australian Government. If so, applicants must have paid it back or have an approved arrangement in place to pay it back.<\/li>\n<li>Have no criminal background.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 19.4747%; text-align: center;\"><span style=\"color: #002359;\">Documents for accompanying person (if any)<br \/>\n<\/span><\/td>\n<td style=\"width: 80.5254%; text-align: left;\">\n<ul>\n<li>Identification papers.<\/li>\n<li>Proof of his\/her eligibility.<\/li>\n<li>Proof of the relationship with the main applicant.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2 id=\"cost\">The cost of the subclass 188C visa<\/h2>\n<p>&nbsp;<\/p>\n<table style=\"height: 318px; width: 100%; border-collapse: collapse; border-style: double; border-color: #0d418f;\">\n<tbody>\n<tr style=\"height: 100px;\">\n<td style=\"width: 37.8485%; height: 176px; text-align: center;\" rowspan=\"3\"><span style=\"font-size: 14pt; color: #002359;\"><b>Visa application charge installments<\/b><\/span><\/td>\n<td style=\"width: 62.1515%; height: 100px; text-align: center;\" colspan=\"3\"><span style=\"font-size: 14pt; color: #002359;\"><b>Visa costs<\/b><\/span><\/p>\n<p><span style=\"font-size: 10pt; color: #002359;\"><b>(not including 1.4% surcharge)<\/b><\/span><\/td>\n<\/tr>\n<tr style=\"height: 38px;\">\n<td style=\"width: 17.8484%; height: 76px; text-align: center;\" rowspan=\"2\">\n<p style=\"text-align: center;\"><span style=\"color: #002359;\"><b>Main applicants<\/b><\/span><\/p>\n<\/td>\n<td style=\"width: 44.3031%; height: 38px; text-align: center;\" colspan=\"2\"><span style=\"color: #002359;\"><b>Additional applicants<\/b><\/span><\/td>\n<\/tr>\n<tr style=\"height: 38px;\">\n<td style=\"width: 23.6668%; height: 38px; text-align: center;\"><span style=\"color: #002359;\"><b>Over 18 years old<\/b><\/span><\/td>\n<td style=\"width: 20.6363%; height: 38px; text-align: center;\"><span style=\"color: #002359;\"><b>Under 18 years old<\/b><\/span><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 37.8485%; height: 58px; text-align: center;\"><span style=\"color: #002359;\">First installment: the time of lodging a visa application.<\/span><\/td>\n<td style=\"width: 17.8484%; text-align: center; height: 58px;\" width=\"108\">13,860 AUD<\/td>\n<td style=\"width: 23.6668%; height: 58px; text-align: center;\">6,930 AUD<\/td>\n<td style=\"width: 20.6363%; height: 58px; text-align: center;\">3,470 AUD<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 37.8485%; height: 84px; text-align: center;\"><span style=\"color: #002359;\">Second installment: Additional applicants who are 18 years old or older have less than functional English (4.5 IELTS).<\/span><\/td>\n<td style=\"width: 17.8484%; height: 84px; text-align: center;\">9,795 AUD<\/td>\n<td style=\"width: 23.6668%; height: 84px; text-align: center;\">4,890 AUD<\/td>\n<td style=\"width: 20.6363%; height: 84px; text-align: center;\">0 AUD<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2 id=\"processing-times\">The processing times of a subclass 188C visa<\/h2>\n<p>&nbsp;<\/p>\n<table style=\"width: 100%; border-collapse: collapse; border-style: double; border-color: #0d418f; height: 145px;\">\n<tbody>\n<tr style=\"height: 48px;\">\n<td style=\"width: 48.152%; text-align: center; height: 48px;\" colspan=\"2\"><span style=\"color: #002359; font-size: 14pt;\"><b>Processing times<\/b><\/span><\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 48.152%; text-align: center; height: 50px;\"><span style=\"color: #002359;\">75% of applications<\/span><\/td>\n<td style=\"width: 51.848%; text-align: center; height: 50px;\">19 Months<\/td>\n<\/tr>\n<tr style=\"height: 47px;\">\n<td style=\"width: 48.152%; text-align: center; height: 47px;\"><span style=\"color: #002359;\">90% of applications<\/span><\/td>\n<td style=\"width: 51.848%; text-align: center; height: 47px;\">22 Months<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">VEM&#8217;s CEO &#8211; Mr. Phong Cao who directly advises, appraises and supports customers to make documents. So if you apply for a subclass 188C visa with VEM, you have the right to expect your application to be processed smoothly.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" class=\"alignnone wp-image-3982 size-full\" src=\"https:\/\/investmentaus.vemvisa.com\/wp-content\/uploads\/2023\/02\/processing-times-of-a-subclass-188c-visa.jpg\" alt=\"Subclass 188C visa\" width=\"900\" height=\"500\" srcset=\"https:\/\/investmentaus.vemvisa.com\/wp-content\/uploads\/2023\/02\/processing-times-of-a-subclass-188c-visa.jpg 900w, https:\/\/investmentaus.vemvisa.com\/wp-content\/uploads\/2023\/02\/processing-times-of-a-subclass-188c-visa-300x167.jpg 300w, https:\/\/investmentaus.vemvisa.com\/wp-content\/uploads\/2023\/02\/processing-times-of-a-subclass-188c-visa-768x427.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"testimonials\">Obligations of a subclass 188C visa applicants<\/h2>\n<p style=\"text-align: justify;\">Within 4 years and 3 months of holding a subclass 188C visa, applicants need to fulfill the following obligations to meet the conditions for applying for a subclass 888C visa:<\/p>\n<p>&nbsp;<\/p>\n<table style=\"width: 100%; border-collapse: collapse; border-style: double; border-color: #0d418f; height: 145px;\">\n<tbody>\n<tr style=\"height: 48px;\">\n<td style=\"text-align: center; height: 48px; width: 13.3498%;\"><span style=\"color: #002359; font-size: 14pt;\"><b>Obligations<\/b><\/span><\/td>\n<td style=\"text-align: center; width: 50.9271%;\"><span style=\"color: #002359; font-size: 14pt;\"><b>Details<\/b><\/span><\/td>\n<\/tr>\n<tr style=\"height: 50px;\">\n<td style=\"width: 13.3498%; text-align: center; height: 50px;\"><span style=\"color: #002359;\">Business<\/span><\/td>\n<td style=\"width: 50.9271%; text-align: center; height: 50px;\">\n<ul>\n<li style=\"text-align: left;\">Applicants must have a genuine intention to live in the State or Territory whose government agency nominated them.<\/li>\n<li style=\"text-align: left;\">Continue business and investment activity in Australia.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr style=\"height: 47px;\">\n<td style=\"width: 13.3498%; text-align: center; height: 47px;\"><span style=\"color: #002359;\">Investment<\/span><\/td>\n<td style=\"width: 50.9271%; text-align: center; height: 47px;\">\n<ul>\n<li style=\"text-align: left;\">Applicants must make a complying significant investment of at least AUD5 million.<\/li>\n<li style=\"text-align: left;\">Income that applicants earn from their complying significant investment in Australia may be subject to tax under Australian taxation law.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 13.3498%; text-align: center;\"><span style=\"color: #002359;\">Company<\/span><\/td>\n<td style=\"width: 50.9271%; text-align: left;\">If applicants operate a business in Australia, applicants must comply with Australian workplace policy.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>You should get advice and assistance from a qualified migration consultant to make sure you meet the requirements. Contact VEM for further information and assistance!<\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"questions\" style=\"text-align: justify;\">Frequently asked questions<\/h2>\n<p id=\"subclass-188a-visa-eligibility\"><strong><span style=\"color: #808080;\">Subclass 188C has a significant investment requirement (5 million), which is much higher that the requirement for subclass 188A or subclass 188B. What are the advantages of this subclass 188C stream?<\/span><\/strong><\/p>\n<ul>\n<li>There is no age limit.<\/li>\n<li>Migration points are not required.<\/li>\n<li>The subclass 188C visa application processing time is faster.<\/li>\n<li>Much lesser Australian residential requirement for the second visa stage (888C).<\/li>\n<\/ul>\n<p>If you are not sure of what stream suits you, please contact VEM\u2019s If you are not sure of what stream suits you, please contact VEM\u2019s immigration specialist for advice.<\/p>\n<p id=\"subclass-188a-visa-eligibility\"><strong><span style=\"color: #808080;\">If the applicant is not qualified for a subclass 888C visa, can their spouse become the main?<\/span><\/strong><\/p>\n<ul>\n<li>The answer is yes if the applicant&#8217;s spouse has met the requirement of the main applicant.<\/li>\n<\/ul>\n<p id=\"subclass-188a-visa-eligibility\"><strong><span style=\"color: #808080;\">I invested in Australia before applying for a subclass 188C visa. So can I add this investment to consider the investment conditions?<\/span><\/strong><\/p>\n<ul>\n<li>Unfortunately, the answer is no. The 5 million AUD investment must be made after you apply and before the subclass 188C visa is issued.<\/li>\n<\/ul>\n<p id=\"subclass-188a-visa-eligibility\"><strong><span style=\"color: #808080;\">Are there any risks?<\/span><\/strong><\/p>\n<ul>\n<li>The answer is yes. Choosing a good management fund organization would help your investments be profitable and reduce risks.!<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<div class=\"accordion\" rel=\"\"><\/div>\n<div class=\"accordion-item\"><a href=\"javascript:void(0);\" class=\"accordion-title plain\"><button class=\"toggle\"><i class=\"fa fa-angle-down\"><\/i><\/button><span>Can I include another family member with a subclass 188C visa?<\/span><\/a><div class=\"accordion-inner\"><\/p>\n<p style=\"text-align: justify;\">Yes, you can if that person is eligible.<\/p>\n<p><\/div><\/div>\n<div class=\"accordion\" rel=\"\"><\/div>\n<div class=\"accordion-item\"><a href=\"javascript:void(0);\" class=\"accordion-title plain\"><button class=\"toggle\"><i class=\"fa fa-angle-down\"><\/i><\/button><span>Where should I apply for a subclass 188C visa application?<\/span><\/a><div class=\"accordion-inner\"><\/p>\n<p style=\"text-align: justify;\">Depending on the specific circumstances, you may be required to apply in Australia, or outside Australia. In order to get an accurate answer properly, you should schedule a consultation session with our qualified migration specialist.<\/p>\n<p><\/div><\/div>\n<div class=\"accordion\" rel=\"\"><\/div>\n<div class=\"accordion-item\"><a href=\"javascript:void(0);\" class=\"accordion-title plain\"><button class=\"toggle\"><i class=\"fa fa-angle-down\"><\/i><\/button><span>Do I need to prove the source of funds for the investment?<\/span><\/a><div class=\"accordion-inner\"><\/p>\n<p><span style=\"font-weight: 400;\">This is a mandatory requirement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Contact VEM&#8217;s qualified migration specialist to assist you with providing source of funds.<\/span><\/p>\n<p><\/div><\/div>\n<div class=\"accordion\" rel=\"\"><\/div>\n<div class=\"accordion-item\"><a href=\"javascript:void(0);\" class=\"accordion-title plain\"><button class=\"toggle\"><i class=\"fa fa-angle-down\"><\/i><\/button><span>If I withdraw my 5 million AUD investment after being granted the subclass 188C visa, what will happen?<\/span><\/a><div class=\"accordion-inner\"><\/p>\n<p style=\"text-align: justify;\">You must reinvest within 30 days. Otherwise, the Australian Government will consider canceling your visa.<\/p>\n<p><\/div><\/div>\n<div class=\"accordion\" rel=\"\"><\/div>\n<div class=\"accordion-item\"><a href=\"javascript:void(0);\" class=\"accordion-title plain\"><button class=\"toggle\"><i class=\"fa fa-angle-down\"><\/i><\/button><span>Can I study and work while holding a subclass 188C visa?<\/span><\/a><div class=\"accordion-inner\"><\/p>\n<p style=\"text-align: justify;\">Of course, you can. Your accompanying members can have the same benefits.<\/p>\n<p><\/div><\/div>\n<div class=\"accordion\" rel=\"\"><\/div>\n<div class=\"accordion-item\"><a href=\"javascript:void(0);\" class=\"accordion-title plain\"><button class=\"toggle\"><i class=\"fa fa-angle-down\"><\/i><\/button><span>Can I live anywhere while holding the subclass 188C visa?<\/span><\/a><div class=\"accordion-inner\"><\/p>\n<p style=\"text-align: justify;\">If Austrade (Australian Trade and Investment Commission) nominates you for a visa, you can reside anywhere you want. But if you are nominated by a state or territory in Australia, you can only stay in that state or territory.<\/p>\n<p><\/div><\/div>\n<div class=\"accordion\" rel=\"\"><\/div>\n<div class=\"accordion-item\"><a href=\"javascript:void(0);\" class=\"accordion-title plain\"><button class=\"toggle\"><i class=\"fa fa-angle-down\"><\/i><\/button><span>Do I have to audit the company?<\/span><\/a><div class=\"accordion-inner\"><\/p>\n<p style=\"text-align: justify;\">The answer is yes if the source of the 5 million AUD you invest comes from dividends, interest payments, or from revenues derived from the company.<\/p>\n<p><\/div><\/div>\n<div class=\"accordion\" rel=\"\"><\/div>\n<div class=\"accordion-item\"><a href=\"javascript:void(0);\" class=\"accordion-title plain\"><button class=\"toggle\"><i class=\"fa fa-angle-down\"><\/i><\/button><span>I have applied for the subclass 188C visa. While waiting for Australia to inform me to transfer the fund, can I withdraw that money to do other things?<\/span><\/a><div class=\"accordion-inner\"><\/p>\n<p style=\"text-align: justify;\">Yes, provided that you have the fund available to transfer when requested.<\/p>\n<p><\/div><\/div>\n<div class=\"accordion\" rel=\"\"><\/div>\n<div class=\"accordion-item\"><a href=\"javascript:void(0);\" class=\"accordion-title plain\"><button class=\"toggle\"><i class=\"fa fa-angle-down\"><\/i><\/button><span>According to the process, the applicant needs to transfer investment money when requested. But if I transfer money before being requested, is there any chance of getting the subclass 188C visa approved more quicker?<\/span><\/a><div class=\"accordion-inner\"><\/p>\n<p style=\"text-align: justify;\">The answer is no.<\/p>\n<p><\/div><\/div>\n<div class=\"accordion\" rel=\"\"><\/div>\n<div class=\"accordion-item\"><a href=\"javascript:void(0);\" class=\"accordion-title plain\"><button class=\"toggle\"><i class=\"fa fa-angle-down\"><\/i><\/button><span>If I apply for the subclass 188C visa with VEM, will VEM help me manage 5 million AUD of my investment?<\/span><\/a><div class=\"accordion-inner\"><\/p>\n<p style=\"text-align: justify;\">VEM&#8217;s clients will be helped to choose a reputable investment management company to manage their investment.<\/p>\n<p><\/div><\/div>\n<div class=\"accordion\" rel=\"\"><\/div>\n<div class=\"accordion-item\"><a href=\"javascript:void(0);\" class=\"accordion-title plain\"><button class=\"toggle\"><i class=\"fa fa-angle-down\"><\/i><\/button><span>Besides 5,000,000AUD of investment requirement, do I have to open a business, or buy a house in Australia?<\/span><\/a><div class=\"accordion-inner\"><\/p>\n<p style=\"text-align: justify;\">Opening a business is optional but buying a house is compulsory.<\/p>\n<p><\/div><\/div>\n<div class=\"accordion\" rel=\"\"><\/div>\n<div class=\"accordion-item\"><a href=\"javascript:void(0);\" class=\"accordion-title plain\"><button class=\"toggle\"><i class=\"fa fa-angle-down\"><\/i><\/button><span>When applying for the subclass 188C visa, do I have to have a business plan?<\/span><\/a><div class=\"accordion-inner\"><\/p>\n<p style=\"text-align: justify;\">You do need a business plan to show how you do the investment.<\/p>\n<p><\/div><\/div>\n<div class=\"accordion\" rel=\"\"><\/div>\n<div class=\"accordion-item\"><a href=\"javascript:void(0);\" class=\"accordion-title plain\"><button class=\"toggle\"><i class=\"fa fa-angle-down\"><\/i><\/button><span>If the investment at a loss, can I apply for a subclass 888C visa?<\/span><\/a><div class=\"accordion-inner\"><\/p>\n<p style=\"text-align: justify;\">The Australian government only asks you not to withdraw your funds. A loss-making investment will not prevent you from applying for a subclass 888C visa.<\/p>\n<p><\/div><\/div>\n<div class=\"accordion\" rel=\"\"><\/div>\n<div class=\"accordion-item\"><a href=\"javascript:void(0);\" class=\"accordion-title plain\"><button class=\"toggle\"><i class=\"fa fa-angle-down\"><\/i><\/button><span>How long do I have to stay in Australia on a subclass 188C visa to meet the residency requirements to apply for a subclass 888C visa?<\/span><\/a><div class=\"accordion-inner\"><\/p>\n<p style=\"text-align: justify;\">You can find detailed information in part 4 of this article!<\/p>\n<p><\/div><\/div>\n<div class=\"accordion\" rel=\"\"><\/div>\n<div class=\"accordion-item\"><a href=\"javascript:void(0);\" class=\"accordion-title plain\"><button class=\"toggle\"><i class=\"fa fa-angle-down\"><\/i><\/button><span>While holding the subclass 188C visa, do I have to reside in the state in which I am nominated?<\/span><\/a><div class=\"accordion-inner\"><\/p>\n<p style=\"text-align: justify;\">The answer is yes.<\/p>\n<p><\/div><\/div>\n<p>&nbsp;<\/p>\n<hr class=\"sweezy-custom-cursor-default-hover\" \/>\n<p style=\"text-align: center;\"><span style=\"font-size: 140%;\">\u00ab\u00bb<\/span><\/p>\n<p style=\"text-align: justify;\">In addition, another Australian Business\/Investment visa that you can refer to is the subclass 188A visa. The requirements of this visa are more convenient for applicants.<\/p>\n<p style=\"text-align: justify;\">Susan Le \u2013 VEM\u2019s customer who is granted the subclass 188A visa \u2013 shared some useful information regarding a successful visa application for your reference.<\/p>\n<p style=\"text-align: center;\"><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/nOEjgYitptc?start=165\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p style=\"text-align: center;\">VEM\u2019s customer who is granted the subclass 188A visa<\/p>\n<p style=\"text-align: justify;\">If you are not sure about any issues related to the subclass 188C visa, Mr. Phong Cao, VEM&#8217;s Australian licensed migration consultant, is willing to give you advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subclass 188C visa is targeted by those who have significant funds to invest in Australia. Specifically, the amount of money needed to be invested is at least 5,000,000 AUD in investment funds regulated by the Australian government to fulfil the requirements for becoming permanent residents.<\/p>\n","protected":false},"author":4,"featured_media":3983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,10],"tags":[],"_links":{"self":[{"href":"https:\/\/investmentaus.vemvisa.com\/en\/wp-json\/wp\/v2\/posts\/4039"}],"collection":[{"href":"https:\/\/investmentaus.vemvisa.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentaus.vemvisa.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentaus.vemvisa.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentaus.vemvisa.com\/en\/wp-json\/wp\/v2\/comments?post=4039"}],"version-history":[{"count":3,"href":"https:\/\/investmentaus.vemvisa.com\/en\/wp-json\/wp\/v2\/posts\/4039\/revisions"}],"predecessor-version":[{"id":4160,"href":"https:\/\/investmentaus.vemvisa.com\/en\/wp-json\/wp\/v2\/posts\/4039\/revisions\/4160"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentaus.vemvisa.com\/en\/wp-json\/wp\/v2\/media\/3983"}],"wp:attachment":[{"href":"https:\/\/investmentaus.vemvisa.com\/en\/wp-json\/wp\/v2\/media?parent=4039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentaus.vemvisa.com\/en\/wp-json\/wp\/v2\/categories?post=4039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentaus.vemvisa.com\/en\/wp-json\/wp\/v2\/tags?post=4039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}