The Australian economy is considered welcoming to foreign investors and business owners. As one of the most stable global economies with immense growth opportunities, many immigrating business owners find themselves building successful and lasting careers here.
That is why the Australian government has numerous business visas specifically aimed at business owners and investors. They allow the owners and their families to reside and conduct business in Australia.
This article overviews the Different Streams of Visa subclass 888 (Permanent).
This business and residential visa allows individuals living in Australia under subclass 444 and 188 Visa to live and conduct business in Australia permanently, access health care and apply for citizenship. This visa applies to business owners, entrepreneurs, investors and their respective families and partners.
This visa is divided into five major subparts with their own eligibility criteria, requirements and range of permissibility.
This stream of the Business Innovation and Investment Visa allows individuals already possessing the provisional visa under Subclass 188 or Subclass 444 (special category) or some Subclass 457 Business (Long Stay) owners to live and conduct business in Australia permanently.
The requirements for this visa are:
Read Also – Subclass 891 Visa RequirementsÂ
This stream of the Business Innovation and Investment Visa subclass 888 (Permanent) allows individuals and investors to continue their business investments in Australia indefinitely.
The requirements for this visa are as follows:
Like the investor stream, the significant investor stream allows individuals to continue their investments in Australia indefinitely. However, it has slightly different eligibility criteria and requirements that include:
Similar to the previous investment visa streams, the Premium Investor Stream allows you to continue your investments in Australia permanently. However, it maintains a higher compliance investment margin.
The requirements for this visa are as follows:
This visa stream allows individuals to indefinitely continue the entrepreneurial activities that they started under the provisional visa subclass 188 in the Entrepreneur Stream in Australia.
The requirements for this visa are:
With the large list of eligibility criteria, required documents proof, and numerous sub-groups to correctly identify, tackling business visas in Australia can be quite challenging. Expert migration lawyers in Perth are best equipped to guide you through your visa applications and minimize the chance of oversights or systemic knots.
Contact the team of the Best Investor Visa Lawyers Perth to make the next big move in your career and life as stress-free as possible.
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