What is the pass rate of 188c?

According to the official pass rate announced by the Immigration Bureau, the pass rate of 188C is only 40%. 188C major investor visa is an important category of Australian business investment immigration visa. The core of 188C is that the applicant needs to have a legal net worth of at least AUD 5 million and invest AUD 5 million in a project approved by the Australian government. The huge amount of investment may be intimidating to many people.