People who currently hold a four-year provisional Subclass visa (Subclass 188) can get permanent residency with the help of a Subclass 888 Business Innovation and Investment Visa. This path is designed for people who want to continue managing and owning a company or investment activity in Australia or a particular Australian state or territory.
Years of Experience in industry
Immigration & Visa so far
The Subclass 888 visa allows applicants to stay in Australia permanently. It is necessary to hold a Business Innovation and Investment (Provisional) visa within the Entrepreneur stream in order to qualify for the Entrepreneur Stream under this visa category. Once approved, this visa allows for the unrestricted continuing of entrepreneurial endeavours within Australia.
While this gives a broad overview of the Subclass 888 visa, it is important to remember that different limitations are applicable to each stream within this subclass of visas. The Subclass 888 visa has five streams, depending on how much an applicant contributes to the Australian economy. The Business Innovation stream, Investor stream, Significant Investor stream, Premium Investor stream, and Entrepreneur stream are among the possible streams under the 888-visa category.
It is important to emphasize that in order to get an invitation to apply from the Department, candidates for 888 visas are not required to take another points exam or submit a new Expression of Interest (EOI). They must still be nominated by an Australian State or Territory, and that process must be assisted by the Australian Government.
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You are able to carry out your investment activities in Australia permanently with this visa. It is a long-term visa.
Generally speaking, a residence by investment program is a quicker and easier option to acquire a second residence in the nation of your choice.
As long as you match the eligibility conditions and do well on the Australian PR points system, obtaining an Australian PR visa is not that tough.
One must be prepared to invest at least 1.5 million AUD. In popular states like NSW and VIC, a greater investment amount is required. The person must have had a minimum annual business turnover of 3 million dollars for at least two of the previous four years.
In order to guarantee that the application is done properly, it is essential to get expert assistance while applying for a business visa in Australia, which can be a challenging process.
Holders of the provisional Business Innovation who meet the requirements in line with their particular streams are eligible for the Australian Permanent Residency Visa 888.
Business Innovation and Investment visa- subclass 888 confers permanent residency status, enabling the holder to live and work in Australia for an unlimited period of time.
Simple Qualifications:
Follow these steps to start the Business Innovation and Investment Visa (subclass 888) application process:
Given that the Business Innovation and Investment visa (subclass 888) has four streams, it is important to carefully understand the requirements and conditions associated with your particular stream. For instance, there are differences between the requirements for the Australian Investor visa stream and the Australian Significant Investor visa stream.
By choosing ImmiLaw Global, you entrust your Australian immigration process to a committed staff that is driven by your success and works to make your path to the Business Skills (Permanent) Subclass 888 Visa easy, rewarding, and successful. The extensive services provided by ImmiLaw Global include assisting you with the nomination procedure, making sure you meet all eligibility requirements, and guaranteeing a successful and efficient road to obtaining the Subclass 888 Visa.
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