Premium Investor Visa (subclass 188D) Application
The Premium Investor Visa (subclass 188D) is an Australian visa program that is designed to attract high-net-worth individuals who are interested in making significant investments in Australia. This visa provides a streamlined pathway to permanent residency in Australia for individuals who are able to invest at least AUD 15 million into Australian businesses and projects.
Eligibility for the Premium Investor Visa (subclass 188D) is limited to individuals who meet certain requirements. These requirements include:
- Age: Applicants must be under 55 years of age.
- Net worth: Applicants must have a net worth of at least AUD 15 million that is legally acquired and can be transferred to Australia.
- Investment: Applicants must be willing to invest at least AUD 15 million in Australian businesses and projects over a period of four years.
- Health and character: Applicants must meet health and character requirements.
- Nomination: Applicants must be nominated by a state or territory government in Australia.
Step by step application process for the Premium Investor Visa
Step 1: Expression of Interest
The first step in the application process is to submit an Expression of Interest (EOI) through the Department of Home Affairs’ SkillSelect system. The EOI is a way for individuals to express their interest in the Premium Investor Visa (subclass 188D) and give information about their investment plans.
Step 2: State or Territory Nomination
Once an individual has submitted an EOI, they must be nominated by a state or territory government in Australia. Each state and territory has its own criteria for nomination and individuals should research the requirements before applying.
Step 3: Invitation to Apply
If an individual is nominated by a state or territory government they will receive an invitation to apply for the Premium Investor Visa (subclass 188D).
Step 4: Visa Application
Once an individual has received an invitation to apply, they can submit a formal visa application. This application must include information about the individual’s investment plans, as well as evidence of their net worth and investment history.
Step 5: Visa Grant
If an individual’s visa application is successful then they will receive a Premium Investment Visa (subclass 188D). This visa allows individuals to live and work in Australia for four years, after which they may be eligible to apply for permanent residency.
Eligible investments that an individual can make to qualify for the Premium Investment Visa (subclass 188D)
To be eligible, investments must be made into projects or businesses that are located in Australia and have the potential to make a significant contribution to the Australian economy. Investments must also be made in one or more of the following categories:
Australian Securities and Investment Commission (ASIC) regulated managed funds
Managed funds that are regulated by ASIC are an eligible investment option for the Premium Visa (subclass 188D). These funds must invest in assets that are located in Australia and have the potential to generate a return for investors.
Direct investment into Australian companies
Individuals can make direct investments into Australian companies that are actively operating in Australia. These investments must be made in companies that have a turnover of at least AUD 50 million, and the investment must be used for the growth and development of the business. It is also possible to invest in Hotels in Australia.
Investments into Australian government bonds are also eligible for the Investor Visa (subclass 188D). These bonds must be issued by the Commonwealth of Australia or a state or territory government, and must have a minimum maturity of four years.
Individuals can also make philanthropic contributions to eligible charitable organizations or mental health startup projects in Australia. These contributions must be made to organizations that are endorsed by the Australian Taxation Office as Deductible Gift Recipients (DGRs). The philanthropic contribution must be in addition to the AUD 15 million investment requirement and must be used for charitable purposes.
Unsuitable Investments for the Premium Investor Visa
Not all investments are eligible for the Investor Visa (subclass 188D). Investments in residential real estate, government bonds issued by local governments, and companies involved in tobacco, gambling or arms are not eligible for this visa.
- All investments carry some level of risk, and individuals should carefully consider the risks associated with their investment before making a decision.
- The investment timeframe for the Elite Investor Visa (subclass 188D) is four years. Individuals should consider whether their chosen investment is likely to provide a return within this timeframe.
- It’s important to ensure that all investments made for the Premium Investor Visa (subclass 188D) comply with Australian laws and regulations.
- Individuals may choose to make their investment through a trust, company, or other structure.
The Elite Investor Visa (subclass 188D) is an Australian visa program that provides a pathway to permanent residency for high-net-worth individuals who are willing to make significant investments in the Australian economy. To be eligible, individuals must be nominated by a state or territory government, have a net worth of at least AUD 15 million, and be willing to invest at least AUD 15 million in eligible Australian businesses and projects over a period of four years.
Eligible investments include ASIC regulated managed funds, direct investment into Australian companies, government bonds, and philanthropic contributions to eligible charitable organizations or projects. It’s important to carefully consider the investment risks, timeframe, compliance, tax implications and structure when making an investment for this visa program.