What are the usual steps to obtaining Australia’s Business Innovation and Investment visa?

Answers

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  Lisa De Leon

  Australian Visa Options

  November 24, 2022

  Among other requirements for the 188B Investor Visa, you must make a complying significant investment of at least $2.5 million and hold that investment continuously for the duration of the provisional visa. You must invest the funds in the following proportions: (1) at least $500,000 in venture capital and growth private equity funds which invest in start-ups and small private companies; (2) at least $750,000 in approved managed funds. The managed funds must invest in emerging companies listed on the Australian Stock Exchange; and (3) a ‘balancing investment’ of at least $1.25 million in managed funds. The fund cannot be withdrawn until the permanent 888 visa has been granted.

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  Venkateswaran Palat Krishnan

  Ven Waran

  November 24, 2022

  The major requirement of Subclass 188B – Investor Visa for Australia is that, of the AUD2,500,000 you must invest at least AUD500,000 in venture capital and growth private equity funds which are investment in start-ups and small private companies. You must also invest at least AUD750,000 in approved managed funds which are invested in emerging companies listed on the Australian Stock Exchange. Further, at least AUD1.25 million must be a ‘balancing investment’ in managed funds which can be invested in a range of assets, including companies listed on the Australian stock exchange, Australian corporate bonds or notes, annuities and commercial real estate.  However, you must not use investments as security or collateral for a loan. Therefore obtaining a loan on your investment would be in breach of this condition.

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  Quentin Kuo

  Quentin Kuo Law + Immigration

  November 24, 2022

  Sounds like a very interesting structure. Maybe it is legal, but it would require you to sign away your rights and accrue debt. In my mind, you are going into 2x the liability (roughly speaking). Not for people with a low risk appetite. We will have to see the due diligence of the whole application. The key is that the investment is compliant. My advised steps are: (1) be sure that the legal steps are explained to you in writing; (2) that you understand them; (3) that the investment matches the advice; (4) that you can accept the risks. The application side of things should be left explained clearly by your agent/lawyer/advisers.

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  Mark Schwartz

  VisaConnect

  November 24, 2022

  After 1 July 2021, an Investor applying for the 188B Visa must hold complying significant investments continuously for the duration of the provisional visa (4 years), in the following proportions: (1) At least $500,000 AUD in venture capital and growth private equity funds which invest in start-ups and small private companies. (2) At least $750,000 AUD in approved managed funds, which invest in emerging companies listed on the Australian Stock Exchange. (3) A ‘balancing investment’ of at least $1.25 AUD million in managed funds. For specific advice and questions, contact a Migration Agent for a consultation.