The subclass 188 significant investor visa (commonly referred to as 188C) requires a $5 million investment in a complying investment. An investor can choose from different funds for this purpose. The requirement is for $500,000 to be invested in a venture capital limited partnership, early-stage venture capital limited partnership or an Australian venture capital fund of funds. These must be registered (conditionally or unconditionally) under the Venture Capital Act 2002 in Australia. Depending upon the fund you're working with there may be flexibility to discuss how the funds are allocated or it may be possible to establish a partnership. A benefit for person obtaining venture capital funding can be using this to meet the funding requirement to apply for a subclass 188 entrepreneur visa (188E), or subclass 132 venture capital visa (132B).
