Investors can indeed use assets that are currently mortgaged at a bank to prove their financial status when applying for a 188 temporary residence visa. However, the net value of the assets will be calculated after deducting the outstanding mortgage debt, depending on the purpose of the mortgage (whether the asset is used as collateral for the business credit activities or for personal purposes).

While most states do not require it, some states like Victoria do mandate a good command of the English language. However, having a good level of English proficiency (IELTS score of 5.0 or 7.0 and above) can earn additional points on the immigration points system and exempt candidates over 18 years old from paying the foreign language proficiency fee.

Regarding the business aspect, common risks associated with investing in the 188A temporary residence visa program for Business Innovation and Investment Category in Australia include not adhering to the specified investment category, not investing the required amount, not owning the required percentage of the business, not meeting the revenue and asset requirements as specified. Some investors may also face risks associated with providing false information, having a criminal record, or having infectious diseases such as hepatitis B, lung diseases, cancer, etc. Additionally, selecting an inexperienced immigration company to handle the visa application process or not properly assessing the investor’s circumstances can also pose a risk.

Dependent family members that can accompany the primary applicant in a 188 temporary residence visa application include the spouse or partner of the applicant, as well as children under 23 years old at the time the visa is granted (proof of financial dependency is required for children).

The processing time for all applications is the same, therefore applications with a higher immigration points score will not be given priority processing.

In this case, the family can still add the new member to the application by providing the necessary documents for the new-born baby to the immigration company for updating with the Australian Department of Home Affairs.

As of July 2022, the processing time for a 188 temporary residence visa application is approximately 13-28 months from the date of submission to the Australian Department of Home Affairs.

The Australian Department of Home Affairs will reject immigration applicants who have the following health conditions: diseases that require significant healthcare expenses or infectious diseases that pose a threat to the health of the Australian community. Some common health conditions that prevent immigration to Australia include HIV/AIDS, Hepatitis, and Tuberculosis. In some cases, the applicant or family member may have a health condition but may still be granted a visa after providing detailed health assessments and committing to health-related obligations.

Common types of assets such as real estate and business assets must be valued by an independent auditing and valuation firm with professional certification in the field.

In the case where siblings or family members jointly own and manage a company, each individual can use the business to apply for a 188 temporary residence visa as long as they hold an appropriate amount of shares and are involved in the management of the company.

For Vietnamese investors, the most common types of assets used in their visa applications include real estate, bank savings accounts, business assets, and shares/stocks. All of these assets must be owned by the applicant and/or their spouse/partner named in the application.

Each state will have a list of prioritized industries as well as different conditions for business fields. Some states may have more restrictions on certain industries compared to others.

If the foster child has all the necessary legal documents and is under 23 years old at the time of the visa application, they can still be included as a dependent in the visa application of their foster parents.

The investor is still eligible to apply for a 888 permanent residence visa. However, it is important that during the investment process, the investor is not allowed to withdraw their investment funds.

In terms of investing in funds, the main risk lies in the choice of fund sources. If the fund management entity lacks experience, the fund source is not safe with high risk, or the fund cannot meet the requirements of the Australian Department of Home Affairs, the investor will face the risk of capital withdrawal. Additionally, another significant risk is that the investor may choose an inexperienced immigration company to prove the source of funds. As the 188C visa program requires proof of a minimum total asset value of 85 billion VND (5 million AUD), a large sum of money needs to be proven for its origin.

No, it will not. After the Australian Department of Home Affairs reviews the application, they will send an invitation letter to the investor to request investment in the fund. The investor should follow the schedule that the Department has outlined.

The 188C visa has fewer requirements for business experience and management experience compared to the 188A visa. This visa category does not require age, English language proficiency, or point-based assessment. However, it requires a higher financial contribution than other programs.

Absolutely, it is possible. However, it should be noted that the business has not been used by others to meet the requirements for a 888A visa application.

It depends on the specific case. You may be required to apply for the visa inside or outside of Australia.

It is only possible to change the business industry within the first two years of holding the 188A visa. During the remaining time, it is mandatory to continue doing business in the industry that was registered previously.

It is possible to exchange investment funds, provided that all relevant documents related to this issue have been provided to the Australian government.

The Australian Department of Home Affairs has different requirements for the mandatory residency period for each 188 temporary residence visa category. For a 188A visa, to be eligible for a 888 permanent residence visa, the applicant must have resided in Australia for a minimum of 1 year cumulatively within 3 years before applying for the 888A visa. For the 188B visa, the applicant must have resided in Australia for a minimum of 2 years cumulatively within 3 years before applying for the 888B visa. And for an 188C visa, to be eligible for a 888 permanent residence visa, the applicant must have lived in Australia for a minimum of 40 days per year, or the spouse must have lived for a minimum of 180 days per year, within a minimum of 3 years before applying for the 888C visa.

Yes, it is possible. In addition, people included in the investor’s visa application also have these rights. In particular, the children of the investor are entitled to free education from grade 1 to grade 12 in Australia’s public schools.

Of course, it is possible. You are free to leave and re-enter Australia within the validity period of your 188 temporary residence visa, according to the conditions granted to you

For the 188A temporary residence visa under the Business Innovation stream, you can apply for an extension of this visa, provided that you can demonstrate at least 2 years of operating a business in Australia.

It depends on the specific requirements of each state or territory. Investors will need to fulfill the commitments they have made with the state or territory to be able to apply for a 888 permanent residence visa more easily.

Unfortunately, the answer is no. The visa extension requires that the accompanying child of the applicant must be under 23 years old. Therefore, in cases where the 188A visa application includes a child over 23 years old, the applicant must meet the requirements for permanent residency within the remaining validity period of the 188 visa to ensure that the child can accompany the application.

The Australian financial year starts from July 1st of the previous year and ends on June 30th of the following year.

This depends on the investor’s needs and choices.

Yes, it is possible, provided that the person who becomes the primary applicant for the 888 permanent residence visa meets all the requirements set out in the visa criteria.

It depends on each specific case, and Bluewise will provide appropriate advice accordingly

When holding a 188 temporary residence visa, investors are not entitled to healthcare benefits in Australia under Medicare. To ensure peace of mind regarding healthcare, investors need to purchase private health insurance during this period.

With the 132A permanent residence visa, investors can directly apply for permanent residency. For the 888 permanent residence visa, investors need to hold a 188 temporary residence visa first before applying for the 888 visa. However, under the new Australian migration policy, the 132 visa is no longer valid from July 1, 2021. Therefore, currently, to settle in Australia through investment, entrepreneurs/investors need to go through two stages: applying for a 188 temporary residence visa and then applying for the 888 permanent residence visa.

Yes, it is allowed. To meet the requirements for the 888 permanent residence visa, the business can employ Australian citizens, permanent residents, or eligible New Zealand citizens. The important thing is that the employee cannot be a family member.

It depends on the individual circumstances, and entrepreneurs/investors will be advised on the appropriate application method.

It depends on each specific case, and the primary applicant may need to demonstrate additional investment types. As for purchasing real estate, this is not mandatory and depends on the needs of each family.

The designated time period for continuous investment in the funds is 5 years. After this period, investors can decide to invest according to their own needs.

Investors are free to travel within and outside of Australia during the first 5 years. After each 5-year period, investors need to renew their residency (RRV) to continue. Additionally, if investors plan to apply for Australian citizenship, they should contact Bluewise to develop the best settlement plan in Australia.

If operating a business in Australia, investors must comply with: The Commonwealth Law of Australia The Laws of the states or territories where the business operates This includes laws regarding taxes, superannuation, and employment relationships.

If investors do not meet the English language proficiency requirement of IELTS 4.5 / PTE 30, they need to pay a language waiver fee. However, if investors have already paid the language waiver fee when applying for the 188 temporary residence visa, they do not need to pay it again when applying for the 888 permanent residence visa.