188 Visa: Key to investing and migrating to Australia

Posted by jennycooper on May 19th, 2014

The world is slowly inching towards a level playing field and most countries invite foreign investments both to boost the country’s economic growth and to strengthen its position in the global platform. If you are an investor or an entrepreneur looking to migrate to Australia, you can now do so through the Significant Investor stream that has been recently introduced under the Business Innovation and Investment (Provisional) Visa. This is also known as 188 Visa and you should make investment through Australian Securities and Investment Commission or ASIC regulated funds management schemes.
Categorized under sponsored or nominated work visas, the Business Innovation and Investment (Provisional) Visa popularly known as 188 visa, is a prerequisite if  you intend to invest in a state or a territory of Australia or manage a new or an existing business in the country. The 188 visa has three components. They are
• The innovation stream encourages skilled entrepreneurs to develop or manage a new or existing business venture in the country• The investment stream allows foreign investors to make designated investments or invest AUD 1.5 million in a state or a territory of Australia.• Significant Investor stream requires an investor or an entrepreneur to make a minimum investment of AUD 5 million either in a single investment or diverse investment options. This investment can be made through companies that guide the investors on ASIC regulated funds management instruments.
Significant Investor stream caters to a wider audience. It does not require you to showcase business acumen and neither does it have an upper age limit. If you are dynamic and have the necessary funds at your disposal, you can make investments in the Australian market with the help of ASIC regulated funds management schemes. There are a few things you need to keep in mind before applying for 188 Visa:
188 Visa is only through invitation. You have to submit an expression of interest and only a state or a territory nomination and a subsequent invitation by the Department of Immigration and Citizenship (DIAC) warrants you to submit an application.
You will be given a provisional visa for 4 years and at the end of the stipulated term you can apply for a permanent Australian residency.
If you are applying under significant investor stream you should keep in mind complying investments that include investing in government bonds, ASIC regulated funds management, investing directly into private companies not listed on Australian Stock Exchange.
Under ASIC regulated funds management the government of Australia makes sure that the investments are mandated only in Australian assets and that the investments are made in specific areas as stipulated by the government such as the real estate market, infrastructure projects, bonds issued by the government etc.
You may be a seasoned entrepreneur but it is always difficult to achieve competent decision-making in a different country given the cultural differences and a new environment. There are many financial companies who offer ASIC regulated funds management services that can help you make wise business decisions and help you maximize profit at lower costs. These companies can assist you in obtaining permanent Australian residency under 888 Visa.
Resource Box: With ASIC regulated funds management you can receive 188 Visa and your transition to the Australian business scene will be smooth and a successful one.