The Australia Golden Visa, also known as Significant Investor Visa (subclass 188), affords movements to residency for wealthier types through investment. Notably, it was set to attract overseas capitals and induce innovation by offering investors a simplified pathway to permanent residency in Australia.
Updated Process for 2025
For 2025, the process has basically been fine-tuned yet further for quicker approvals and better investor experience. First, applicants need to lodge an Expression of Interest (EOI) in the SkillSelect system and then get nominated by a state or territory government. Once nominated, applicants can apply for the visa via the Department of Home Affairs. Processing times vary, but with the new streamlined approach, this should get better.
Investment Requirements and Eligibility
Applicants must invest at least AUD 5 million in complying investments beginning in 2025. These investment options include venture capital funds, Australian-managed funds investing in emerging companies, and various other investments ensuring that balancing investments cover a wide spectrum of assets. Applicants must satisfy health, character, and financial integrity criteria. There is no age limit; neither English proficiency is required, making it appealing for a broader range of investors.
Path into Permanent Residency
After a period of four years in which the investments are maintained by the holders of Golden Visa, such holders become eligible to apply for permanent residency under the subclass 888 visa. The program also paves the way for business expansion and family migration, alongside providing security and a path for long-term residency.