Australia Golden Visa Process in officially known as the *Significant Investor Visa (SIV)* or *Sone ka Visa* (सोने का वीजा), is a residency-by-investment program under the *Business Innovation and Investment Program (BIIP)*, designed to attract high-net-worth *videshi niveshak* (विदेशी निवेशक) to boost Australia’s economy. However, the Australian government discontinued the SIV in January 2024, replacing it with alternative pathways like the *Business Innovation and Investment (Provisional) Visa (Subclass 188)* and *Global Talent Visa (Subclass 858)*. This 900-word guide, provides accurate details on these current options, covering process, timing, documents, age limit, requirements, benefits, income, and investment *Yeh naye pathways abhi bhi residency ke liye shandar mauka dete hain*
Overview of the *Sone ka Visa* Alternatives
The *SIV* required a minimum investment of AUD 5 million (approx. ₹25 crore) for a provisional visa leading to permanent residency via *Subclass 888*. Its termination in 2024 reflected criticism that it didn’t deliver sufficient economic benefits. Now, the *Subclass 188* and *Global Talent Visa (Subclass 858)* serve as alternatives, offering pathways to permanent residency for investors, entrepreneurs, and exceptional talent. These visas, part of the *BIIP*, encourage *nivesh* (निवेश) in Australian businesses, startups, and priority sectors like DigiTech, FinTech, and Quantum Computing. *Yeh visas Australia ke vibrant economy mein yogdan dete hain* (ये वीजा ऑस्ट्रेलिया के वाइब्रेंट इकोनॉमी में योगदान देते हैं). Successful applicants can include their spouse and dependent children, gaining access to Australia’s lifestyle and opportunities.
Eligibility and Requirements (Australia Golden Visa Process)
The *Subclass 188* and *Subclass 858* have distinct *maapdand* (मापदंड):
1. **Age Limit**:
– *Subclass 188 (Investor Stream)*: Applicants should be under 55 unless a state/territory nominates them for exceptional economic benefit. *Koi strict umra seema nahi hai agar state support kare* (कोई सख्त उम्र सीमा नहीं है अगर स्टेट सपोर्ट करे).
– *Global Talent Visa (Subclass 858)*: No age limit, making it ideal for older *niveshak* and professionals. *Yeh flexibility sabke liye attractive hai* (यह फ्लेक्सिबिलिटी सभी के लिए आकर्षक है).
2. **Investment**:
– *Subclass 188 (Investor Stream)*: Requires AUD 2.5 million (approx. ₹12.5 crore) in *complying investments* like:
– AUD 500,000 in venture capital/growth private equity for startups.
– AUD 1 million in emerging companies listed on the Australian Stock Exchange.
– AUD 1 million in balanced investments (e.g., managed funds, bonds). Investments must be held for four years.
– *Global Talent Visa*: No mandatory investment, but applicants must demonstrate *exceptional achievements* in priority sectors (e.g., patents, awards) or a salary above AUD 153,600 (approx. ₹7.7 crore) annually. *Yeh visa talent-driven hai, nivesh optional* (यह वीजा टैलेंट-ड्रिवन है, निवेश ऑप्शनल).
3. **Income**: No specific *aay* (आय) threshold for *Subclass 188*, but funds must be *vidhi-sammat* (विधि-सम्मत). For *Subclass 858*, high-income professionals (AUD 153,600+) qualify without investment. Applicants must show sufficient funds to support themselves and dependents.
4. **Business Experience**:
– *Subclass 188*: Requires three years of business/investment experience and a net worth of AUD 2.5 million. Applicants must score 65+ points on the *SkillSelect* points test.
– *Subclass 858*: Requires international recognition in fields like Agri-Tech or Medical Technology.
5. **Health and Character**: All applicants need medical clearances and police certificates for *charitra praman* (चरित्र प्रमाण).
6. **Nomination**: Both visas require nomination by a state/territory government or Austrade. *Yeh nomination process ko authentic banata hai* (यह नॉमिनेशन प्रोसेस को ऑथेंटिक बनाता है).
Application Process
The process for both visas is managed via *ImmiAccount* and *SkillSelect*. *Yeh process systematic aur transparent hai* (यह प्रोसेस सिस्टमैटिक और ट्रांसपेरेंट है):
1. **Expression of Interest (EOI)**: Submit an EOI through *SkillSelect* (Subclass 188) or the *Global Talent Portal* (Subclass 858), detailing *nivesh* plans or achievements.
2. **Nomination**: Secure nomination from a state/territory or Austrade.
3. **Invitation to Apply (ITA)**: Receive an ITA within 60 days (Subclass 858) or longer for Subclass 188, valid for 60 days to lodge the application.
4. **Submit Application**: Upload documents via *ImmiAccount*, pay fees (starting at AUD 2,890 for Subclass 188), and complete health/character checks.
5. **Investment and Residency**: For Subclass 188, transfer funds within 12 months and maintain investments for four years. For Subclass 858, no investment is required, but applicants must reside in Australia to qualify for permanent residency.
6. **Permanent Residency (Subclass 888)**: After meeting residency and investment conditions, apply for permanent residency, then *nagrikta* after five years.
Timing
– **EOI and ITA**: Subclass 858 processes within 60 days; Subclass 188 takes 4–6 months.
– **Application Processing**: Subclass 188 decisions in 4–15 months; Subclass 858 in ~90 days, depending on document completeness.
– **Investment**: Subclass 188 requires funds transfer within 12 months and maintenance for four years.
– **Residency Requirements**: Subclass 188 requires 40 days/year in Australia (or 180 days for spouse) over four years. Subclass 858 requires two years within five years for permanent residency.
– **Citizenship**: After five years (including 1,095 days in Australia), apply for *nagrikta*, taking 8–12 months.
*Yeh timeline efficient aur predictable hai* (यह टाइमलाइन एफिशिएंट और प्रेडिक्टेबल है).
Required Documents
Applicants need the following *dastavez* (दस्तावेज़):
– Valid passport and photos.
– Proof of lawful funds (e.g., bank statements, tax returns, asset valuations).
– Police clearance certificates (less than 12 months old).
– Health certificates from panel physicians.
– Nomination letter from state/territory or Austrade.
– For Subclass 188: Financial statements, business records, investment plans.
– For Subclass 858: Evidence of achievements (patents, awards, publications).
– For family: Marriage/birth certificates.
*Sabhi dastavez clear aur verified hone chahiye* (सभी दस्तावेज़ क्लियर और वेरिफाइड होने चाहिए).
Benefits
The *Sone ka Visa* alternatives offer significant *labh* (लाभ):
– **Residency**: Live, work, and study in Australia with access to *Medicare* and top-tier *shiksha* (शिक्षा).
– **Family Inclusion**: Spouse and dependent children gain the same rights.
– **Tax Benefits**: Temporary residents are exempt from tax on foreign income and capital gains on overseas assets. *Yeh tax exemptions financial savings dete hain* (ये टैक्स एग्जेम्पशन्स फाइनेंशियल सेविंग्स देते हैं).
– **Path to Citizenship**: Permanent residency via Subclass 888 leads to *nagrikta*, offering visa-free travel to 183 countries.
– **Lifestyle**: Access to Australia’s safe, multicultural environment and high quality of life.
Challenges
– High *nivesh* thresholds (AUD 2.5 million for Subclass 188).
– Subclass 188 requires business experience and points test.
– Residency requirements (40 days/year for Subclass 188).
– SIV termination means no direct AUD 5 million pathway, but alternatives remain robust.
*In chunautiyon ke bawajood, benefits long-term hain* (इन चुनौतियों के बावजूद, बेनिफिट्स लॉन्ग-टर्म हैं).
Conclusion
With the *Sone ka Visa* (SIV) discontinued, the *Subclass 188* and *Global Talent Visa (Subclass 858)* provide viable pathways for *videshi niveshak* and talented professionals. With flexible age limits, no mandatory English requirement, and clear *dastavez* processes, these visas offer access to Australia’s dynamic economy and lifestyle. *Yeh visas ek secure aur samriddh bhavishya ka mauka dete hain* (ये वीजा एक सिक्योर और समृद्ध भविष्य का मौका देते हैं).
Overview
The *Significant Investor Visa* (सोने का वीजा) was discontinued in January 2024. Current options include *Business Innovation and Investment Visa (Subclass 188)* and *Global Talent Visa (Subclass 858)*, offering residency for investors and exceptional talent. *Yeh visas Australia ke economy aur lifestyle ka dwar kholte hain*.
Eligibility
– **Age**:
– Subclass 188: Under 55, unless state-nominated for economic benefit.
– Subclass 858: *Koi umra seema nahi*.
– **Investment**:
– Subclass 188: AUD 2.5 million (₹12.5 crore) over 4 years in:
– AUD 500,000 in venture capital/startups.
– AUD 1 million in emerging companies.
– AUD 1 million in balanced investments.
– Subclass 858: No investment; requires achievements or AUD 153,600+ salary.
– **Income**: No specific *aay*; funds must be *vidhi-sammat*.
– **Experience**: Subclass 188 needs 3 years business experience, 65+ points. Subclass 858 needs international recognition.
– **Health & Character**: Medical exams, police clearances.
– **Nomination**: State/territory or Austrade nomination.
Process
1. Submit EOI via *SkillSelect* (188) or *Global Talent Portal* (858).
2. Secure nomination.
3. Receive ITA (60 days for 858; 4–6 months for 188).
4. Lodge application via *ImmiAccount*, pay fees (AUD 2,890+).
5. Transfer funds (188) within 12 months; maintain for 4 years.
6. Apply for permanent residency (Subclass 888), then *nagrikta* after 5 years.
Timing
– EOI/ITA: 60 days (858); 4–6 months (188).
– Processing: 4–15 months (188); ~90 days (858).
– Residency: 40 days/year (188) or 2 years in 5 years (858).
– Citizenship: 8–12 months post 5-year residency (1,095 days).
Documents
– Passport, photos.
– Proof of funds (bank statements, tax returns).
– Police and health certificates.
– Nomination letter.
– Subclass 188: Business records, investment plan.
– Subclass 858: Achievement evidence (patents, awards).
– Family: Marriage/birth certificates.
Benefits
– Live, work, study with *Medicare* access.
– Include spouse, children.
– Tax exemptions on foreign income/capital gains.
– Path to *nagrikta* (183 countries visa-free).
– High-quality lifestyle.
Challenges
– High investment (188).
– Business experience (188).
– Residency requirements.
Australia Golden Visa Process Australia Golden Visa Process
