Investment immigrants launched a new policy this year, and 5 million Australian dollars were invested directly to PR. Usually two years. What does this mean? What is the procedure?

PR is the abbreviation of permanent residence, which means permanent residence. Permanent residency is not equal to nationality.

The 5 million 188 visa is valid for 4 years and must meet the residence requirements of 160 days. Four years later, there are two choices:

A. you can apply for 888 green card. However, after getting the 888 green card, you must meet the general green card residence requirements, such as living in Australia for two years in five years and continuing the five-year green card, or living in Australia for three years in four years and getting an Australian passport;

B: It can be renewed twice, each time for 2 years. Every extension of 2 years requires an extra 80 days. After 6 or 8 years, if you meet the residence conditions, you can transfer to the 888 green card at any time.