Investment Migration Australia Subclass 188A: Who Is It For?
With a requirement of establishing a business in Australia starting from 300,000 AUD, the Subclass 188A Australian Investment Residency is aimed at successful business owners. The investment amount is not high, but there are many conditions regarding assets, revenues achieved in Vietnam…
While browsing through news websites, Mr. T., the owner of a design company in Ho Chi Minh City, came across an advertisement inviting him to attend a workshop on the Subclass 188A investment residency program. According to the ad, the Australian Investment Residency 188A is an attractive option with an investment requirement of only 300,000 AUD (equivalent to 4.9 billion VND). With the 188A visa, the investor and their family can freely live, study, and work in Australia. Children are exempt from public school fees until the completion of high school. After a minimum of 2 years, they can apply for permanent residency in Australia to enjoy all rights and benefits as Australian citizens. Through this, investors have the opportunity to apply for Australian citizenship if they meet the conditions.
The advertisement caught Mr. T.’s attention because the requirements seemed simple with exceptional benefits. He decided to attend the event to learn more about this program. However, upon arrival, he learned that there were other conditions such as total assets, revenues… that he couldn’t meet.
Conditions for participating in the Subclass 188A Investment Residency Program:
The Subclass 188A Business Investor Visa is for business owners with total assets of at least 1,250,000 AUD (~21 billion VND). If the conditions are met, the investor and their family will be granted a 188A visa to invest and operate a business in Australia with an investment capital of 300,000 AUD or more.
1. Applicant requirements:
- Must be a business owner or shareholder involved in managing the company.
- Have a specific investment plan and business operation in Australia.
- Age from 18-55.
- Total assets of 1,250,000 AUD.
- Score a minimum of 65 points on the Australian immigration points system. The scoring factors include age, asset ownership, business capabilities…
- Must be sponsored by one of the Australian states.
2. Business conditions in Vietnam:
The investor (with spouse) can use up to two companies to meet the following requirements:
- Own at least 30% of the company’s capital and directly manage its operations for a minimum of 3 years.
- In 2 out of the last 4 financial years (until the application date), the company’s revenue must reach at least 750,000 AUD (~12 billion VND) per year.
The number of Vietnamese businesspeople investing in Australian residency is increasing. Investment migration to Australia for a better quality of life is a trend among many Vietnamese entrepreneurs. According to statistics from the Australian Department of Immigration, Vietnam has always been in the top 5 countries with the highest number of 188 investor visa applications:
2017-2018: 426 applications
2018-2019: 478 applications
2020-2021: 1,144 applications
2022-2023: 785 applications
To stimulate the economy after COVID-19, the Australian government has intensified efforts to attract high-value immigrant investors and create jobs for locals. In the fiscal years 2020-2022, the Australian Investment Residency Program has been prioritized for approval and quota increases. Therefore, the number of applications for this category has surged.
However, the quota for granting Subclass 188 investment residency visas has sharply decreased in the past 2 years. The quota for the new fiscal year 2023-2024 (starting from July 1, 2023) is only 1,900 visas. Therefore, new 188 applications will have to compete more fiercely. Currently, the allocated visa numbers for each state have not been announced. The advantage will belong to those who have prepared their applications ready to submit immediately when the states announce their quotas.
Navigate Australia has been advising and assisting in preparing Australian investment residency applications since 2012. To date, the company has over 11 years of experience in this field and has built relationships with many reputable overseas partners. Within the Australian immigration community, Navigate Australia is known for submitting numerous 188/888 visa applications from Vietnam to the Australian Department of Immigration. Therefore, when participating in the 188A program with Navigate Australia, investors can be assured of receiving support to develop a feasible business plan, ensuring eligibility for permanent residency for the entire family.
If you are interested in the Australian business investment residency program, you can contact Navigate Australia or provide your registration information below. The experienced advisory team at Navigate Australia will provide detailed consultation and support to assess the likelihood of success for your application. We commit to safeguarding personal data and only using the information provided for family application consultations.
