Significant Investor Visa (188C) and Investor Visa (188B)

Significant Investor Visa (188C) and Investor Visa (188B)

As one of Australia's largest Significant Investor Visa (SIV, 188C) and Investor Visa (IV, 188B) fund managers, MA Financial Group helped pioneer the program, working closely with Australian federal and state governments. Forming part of our Asset Management division, our specialist SIV client team spans Sydney, Melbourne, Shanghai and Hong Kong, offering a range of investment solutions to high-net-worth investors.

Significant Investor Visa (188C) and Investor Visa (188B)

The IV (188B) and SIV (188C) programs

The Significant Investor Visa was introduced by the Australian Government in 2012 as a way to boost the economy, and drive innovation by attracting high-net-worth individuals from other countries seeking permanent residency in Australia.

In July 2021 the Australian Government changed the investment framework for Investor Visa applicants who are now required to invest in the same complying investment framework as the SIV.

The SIV (188C) and IV (188B) are streams within the Australian Government's Business Innovation and Investment (Provisional) (Subclass 188) visa, and the Business Innovation and Investment (Permanent) (Subclass 888) visa.

Visa Application Process

EOI (Expression Of interest)

Apply online via Skill Select (Australian Government website)

State Nomination

Nomination is required from an Australian state or territory, or Austrade (for the SIV only)

Visa application submitted to Australia Department of Home Affairs (DHA)

  • Application form
  • Medical checks
  • Background police check
  • Source of funds (SOF) check

Invitation to make complying Investment

Investor transfer of specified funds to fund manager

PR / 888 Visa

  • Maintain complying investment 
  • Spend required number of days in in Australia over 5 years. 
  • Investors may apply for permanent residency after 3 years if they have fulfilled the residency requirement at this time 
  • Meet nominating state’s requirements

SIV and IV complying funds

The SIV (188C) and IV (188B) complying investment rules were changed by the Australian Government in July 2021. MA Financial Group offers funds that are complying investments for the purposes of SIV and IV, both before and after 1 July 2021. The date of your visa application will determine which set of rules apply to you. Please always refer back to the relevant government website for any further information or updates to the complying investment rules.

Department of Home Affairs - Significant Investor Stream
Department of Home Affairs - Investor Stream

Venture Capital And Private Equity (VCPE)
Mandatory 10%

Mandatory minimum investment of at least 10% ($500,000) into a venture capital or private equity fund. MA Financial Group offers an unconditionally registered Australian domiciled Venture Capital And Private Equity (VCPE) that’s been designed specifically for SIV and IV investors. The VCLP targets Australian-based private companies (unlisted) across a range of industries, including agriculture, technology, food, health, education and tourism.

Emerging Companies/Small Caps Fund
Mandatory 30%

Mandatory minimum investment of at least 30% ($1.5 million) in a managed fund that invests in Australian Emerging Companies (“Small Caps”). Investments must focus on ASX-listed companies that have a market capitalisation of less than $500 million, however a maximum of 20% can be invested in Australian unlisted companies. 

Balancing Investment 60%

The Balancing Investment allows a maximum of 60% ($3.0 million) to be invested in managed funds investing in commercial property, corporate bonds or listed equities. MA Financial Group offers a range of investment options across all asset classes.

Venture Capital And Private Equity (VCPE)
Mandatory 20%

Mandatory minimum investment of at least 20% ($1.0 million) into a venture capital or private equity fund. MA Financial Group offers an unconditionally registered Australian domiciled Venture Capital And Private Equity (VCPE) that’s been designed specifically for SIV and IV investors. The VCLP targets Australian -based private companies (unlisted) across a range of industries, including agriculture, technology, food, health, education and tourism.

Emerging Companies/Small Caps Fund
Mandatory 30%

Mandatory minimum investment of at least 30% ($1.5 million) in a managed fund that invests in Australian Emerging Companies (“Small Caps”). Investments must focus on ASX-listed companies that have a market capitalisation of less than $500 million, however a maximum of 20% can be invested in Australian unlisted companies.

Balancing Investment 50%

The Balancing Investment allows a maximum of 50%  ($2.5 million) to be invested in managed funds investing in commercial property, corporate bonds or listed equities.  MA Financial Group offers a range of investment options across all asset classes.

Venture Capital And Private Equity (VCPE)
Mandatory 20%

Mandatory minimum investment of at least 20% ($500,000) into a venture capital or private equity fund. MA Financial Group offers an unconditionally registered Australian domiciled Venture Capital And Private Equity (VCPE) that’s been designed specifically for SIV and IV investors. The VCLP targets Australian-based private companies (unlisted) across a range of industries, including agriculture, technology, food, health, education and tourism.

No property and development or land ownership, finance, insurance, construction or passive investments.

Emerging Companies/Small Caps Fund
Mandatory 30%

Mandatory minimum investment of at least 30% ($0.75 million) in a managed fund that invests in Australian Emerging Companies (“Small Caps”). Investments must focus on ASX-listed companies that have a market capitalisation of less than $500 million, however a maximum of 20% can be invested in Australian unlisted companies.

Balancing Investment 50%

The Balancing Investment allows a maximum of 50% ($1.25 million) to be invested in managed funds investing in commercial property, corporate bonds or listed equities. MA Financial Group offers a range of investment options across all asset classes.

Restriction on cash (Max. 20%) and residential real estate.

Client Relationship Team

Jimmy Fong|方扎慶

Jimmy Fong

Executive Director and Licensed Representative

Jimmy is an Executive Director at MA Financial Group and is responsible for client services, fund marketing and business development.

Jimmy has over 10 years’ experience in the private wealth and the wealth management sector, managing client relationships and servicing Ultra High Net Worth clients by providing financial advice on managed funds, bonds, investment and SIV products.

Prior to joining MA Financial Group, Jimmy held the senior position at International Financial Institutions like HSBC, Standard Charted and OCBC Bank.

Jimmy holds a Bachelor of Economics from the City University of Hong Kong.

He is fluent in English, Cantonese, Mandarin and the Shanghai dialect. 

Catherine Li|李欣眙

Catherine Li

Client Director and Licensed Representative

Catherine has over ten years' experience in financial services including investment banking and asset management and servicing high net worth and institutional investors.

She previously worked in Investor Relations for an Australian Property Fund Manager and was involved in the fund raising for multiple property developments in Australia, she also worked as analyst at a large Chinese Investment Bank underwriting private placement bonds for major property developers.

Catherine holds a Bachelor of Information System Management from Beijing Language and Cultural University, a Master's Degree in Finance from EDHEC Business School in France and Master's Degree in Business Administration from Chinese University of Hong Kong.

Catherine is fluent in English and Mandarin.

Tim Chau|周禧煒

Tim Chau

Client Director and Licensed Representative

Tim was appointed as Client Director and is responsible for providing investment advice to high net worth clients, distribution channels development and fund marketing. 

Tim joined MA Financial Group bringing along over 10 years of experience in private wealth management, asset management and credit analytics.

He was previously working in a Multi-family office, where Tim was responsible for the firm’s discretionary portfolios and investment advisory for UHNWs and institutional clients. Prior to that, Tim was a consultant for a credit related fintech start-up in Hong Kong. Previously, Tim was a Private banker with Nomura International and Citibank.

Tim graduated from the University of Reading with a bachelor degree in Consumer Behaviour and Marketing.

Tim speaks fluent English, Cantonese and Mandarin.

Joanne Wong|黃思欣

Joanne Wong

Client Service Associate

Joanne is a Client Service Associate at MA Financial Group and mainly serves the Hong Kong business.

Prior to joining MA Financial Group, Joanne worked for PCCW Media in their marketing team and she has also worked at Orix Banking Ltd’s Loan and Vehicle Finance Department

Joanne holds a Bachelor of Event Management from Edinburgh Napier University.

Joanne is fluent in Cantonese, English and Mandarin.

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