The Australian 188 Visa is created for people with sufficient funds to migrate to the country by making investments or developing business in the country. The visa has been developed for high net worth entrepreneurs or individuals. As a minimum, you will be required to invest AU$ 5 million in the country in investments or business(s) approved by the government. The best feature about this road to ASIC regulated funds management is that there is no limitation on age and no need to meet the points test.
If you are a 188 Visa holder, you can qualify for Australian permanent residency in a period of 4 years. Make sure to spend at least 160 days in the country during this period. You will also have to maintain your investment of AU$ 5 million during the same period. The government usually intends that the applicant has established a residence in the country. It is also possible to extend this visa term for maximum 2 extra visas.
When it comes to the investments, you have many options to choose from. You can choose one or more types of investments. One option could be government bonds; another could be ASIC regulated funds management; you may even invest directly into a private Australian company that is not listed in the ASX; or you may invest in one or more of these sectors and then make further investments in business activities.
When you apply for 188 Visa your application will be evaluated based on many factors. The department will check your business background; the amount of contribution that you will be making to the state/territory’s economy through the business activity or the investment(s); your intentions about settling in Australia; your wider business agenda; and if you have visited the state previously and have won the appreciation of the business environment.
When applying for the visa, you must demonstrate to the department that you have invested your AU$ 5 million into the complying investment product(s) or business activities. One of the best products to invest in Australia is the ASIC regulated funds management. When applying for nomination, you may be required to just show that you have identified one or more investment products. It may also be required to show how the choice of investment makes contribution to the state or territory’s economy. There are many simple ways to achieve this and you can do so with the help of a licensed support service.
You can choose to invest part or all of your capital into ASIC regulated funds management. Some of these products can allow you to withdraw a certain percentage of the funds after a period of 12 months for reinvesting in alternative investments. The rate of interest is going to be based on the prevailing rates on the day you purchase the products. Australia has one of the most progressive economies in the world and there are vast resources available for a relatively smaller population. So if you want to start a business or invest in the country, this is the right time to do so.
Have you decided to invest in ASIC regulated funds management in Australia? The 188 Visa can help you migrate to the country as an investor. Check this website to learn more about this visa and how to make your choices.