Permanent Business Innovation and Investment Visas (888)

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The Business modernity and Investment (Permanent) visa (subclass 888) is the second bandstand of the Business Innovation (188) visa. To migrate beneath this visa category, you need to have an enrolment from a state or territory government or Austrade on the government’s occasion. If you are betimes on a subclass 188 visa, then you just have to show demonstration of nomination from the government existence, who nominated you.

 

Eligibility

 

  • You can singly be in Australia or overseas when you remain your application
  • You must seizing a subclass 188 Provisional Business modernity and Investment Visa
  • This visa is only receivables to applicants who are nominated by an Australian State or Territory government
  • You requirement be nominated by the State or Territory Government who nominated you for the subclass 188 visa, however you have obtained allowance to change State or Territory
  • You have an original commitment to preserve your business or investment bustling in Australia
  • You have a tolerable compliance with applicable Australian Commonwealth, State and Territory laws

 

Business Innovation Stream

 

This option postulate you to have owned a business and to be intending to underlay business operations in Australia. You will need to converge the following if you are applying through the Business Innovation Stream:

 

  • Residence Requirement: you must have been in Australia for at undershot 1 of the 2 years previous to application
  • You have had an proprietorship interest in an Australian business for the last 2 years Your business has an ABN and has remain the necessary Business Activity Statements (BAS) for the last 2 years
  • The business has had flexion of at least AUD 300,000 for the last 12 months. Exception: if you domiciliation in a regional area, serve a business there and the State or Territory Government has designated there are exceptional circumstances

 

More Info: – Australia Immigration Services

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