Subclass 188 Significant Investor Stream

Subclass 188 Significant Investor Stream Requirements

 

 The Australian Government has announced a new visa pathway for migrant investors coming to Australia. This visa is scheduled to commence on 24 November 2012.

  • Minimum $5 million investment
  • State government sponsorship
  • Health check
  • Police check
  • No English test
  • No skills requirement
  • No Government interview
  • No residency requirement
  • No age limit
  • Source of fund

 

Procedure and Estimate Timetable

 

Description

No. of Days

1

Signing of DLZ Lawyers cost agreement and terms by agent/client

1

2

Completion of DLZ Lawyers visa questionnaire

2-14

3

Signing fund application form by client (if necessary)

1

4

Collection, certification and delivery of supporting visa documents to DLZ Lawyers (Chinese and English)

2-20

5

Police checks

14-21

6

Preparation of draft visa application and submission of "Expression of Interest' to Australian Government on ' SkillSelect' website

5-14

7

Sponsorship from State Government/Invitation from Australian Government to apply for Visa

10

8

Remittance and clearance of client funds of A$5 million into DLZ Lawyers trust account or client’s Australia personal/business account

5

9

Online lodgement of "decision ready" visa application to Australian Government. Obtain reference number.

5

10

Medical examinations following receipt of reference number from Australian Government and lodgement on-line via E-Health

5-15

11

Lodgement of documentation to the Australian Consulate General in HongKong

5

12

Processing of visa application by Australian Government

30-60

13

Request from Australian Government to transfer $5 million into Government fund and business or investment fund

5

14

Transfer of client funds into fund account and interest earned to client

5

15

Successful visa application and notification to client

1

 

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