• Service: Tax, Global Mobility, Immigration
  • Industry: Asia Business, China, Japan, India, Korea, South East Asia
  • Type: KPMG information
  • Date: 5/05/2014

Significant Investor visa (Visa 188): tax, accounting and corporate assistance 

On 24 November 2012, the Australian Government introduced the Significant Investor Visa (SIV) to encourage foreign investment into Australia. A 4 year provisional subclass 188 visa can be issued to a foreigner who invests AUD$5 million into 'approved' investment funds (including ASIC approved funds, state government bonds and proprietary operating companies).

The subclass 188 visa holds a residence requirement of 160 days spent in Australia over 4 years and holders can then apply for a subclass 888 permanent residency visa or extend the subclass 188 visa.

KPMG can assist foreign investors to meet the requirements of Visa 188 and help ensure tax, accounting and corporate needs are satisfied and optimised.


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