Investment Visa SC188 (B) Criteria
The designated investment must be maintained for 4 years according to state requirements and must meet residency requirements in the designated state or territory government in order to be eligible for the permanent stage of this visa after 4 years.
There is a certain amount of past investment history to be evidenced for the last three years before lodgement showing the investor’s experience of direct involvement in managing one or more qualifying businesses or eligible investments. The records of eligible investment or qualifying business activity must be overall successful.
The history of the eligible investment must satisfy three main criteria during the last 5 years prior to application. These related to:
- Qualifying business/investment activity
- Ownership interest in the investment
- Net value of personal and business assets respectively
All information relating to the designated investment of at least $1.5million into the state government must demonstrate that funds were unencumbered and the applicant or investor has had no involvement in unacceptable activities.
Specific requirements apply to clients from PRC (People’s Republic of China).