For the NSW investment visas, the subclass 188 has four categories. The following three categories can approach NSW authorities for nomination after applying for the Expression Of Interest (EOI) without being selected from the EOI: Category A requires one to have assets over AUD $1.75 million and an annual turnover of above AUD $1.25 million and is point tested. Your business investment proposal must be in the NSW target sectors for selection, which include: advanced manufacturing, food and beverage manufacturing, agricultural technology, aerospace and defense, renewable energy and sustainability, Emerging digital technology, cyber security, medical technology. For Category B, one must have assets over AUD $2.5 million for investing and be in the targeted sector meeting investment conditions. For Category C, one must have assets of over AUD $5 million for investing. The fourth category is the Entrepreneur stream; your business investment proposal must be accepted by the NSW Startup Accelerator Program or the Startup Incubator Program. You can choose the investment category that suits your circumstances.
What is the best investment immigration route to Australia’s NSW state during the pandemic?
I'm a Chinese engineer with a young family and I'm interested in moving to Australia soon via the investment immigration route. I've heard NSW government is keen on allowing migrants during the pandemic. What specific program would you advise to someone looking to move quickly to Australia?
There are two investment pathways: the subclass 188B Investor visa and the subclass 188C significant investor visa. The different is between the investment amount; 188B requires AUD 2.5 million of investment while for 188C, it is AUD 5 million. The 188C is given priority and the visa can be processed in just over three to four months while for 188B, it is around 18 to 20 months.
If you are looking at NSW, they are currently open for both, the Investor Stream and Significant Investor Stream programs, referred to commonly as the subclass 188B and 188C programs. You will have to be prepared to invest AUD 2.5 million and AUD 5 million, respectively, in managed funds and be able to demonstrate that you have assets that meet those requirements. Processing time for 188B I would estimate to be around 18-20 months, although I am seeing it start to speed up, the 188C would be 12 months or less as the quantum of investment is so much higher.