Business Innovation And Investment Permanent Visa

• Permanent Residency: The first advantage is the permanent residency in Australia, which means that you and the people included in your family will live permanently.
• Work and Study: You can work and study freely in Australia and thus you can grow your business and acquire world class education.
• Medicare Access: You are a permanent resident and therefore you can enrol in the public healthcare system in Australia, Medicare.
• Australian Citizenship: Once you have passed the residency requirements, you and your family can apply to be Australian citizens.
• Travel Rights: You can come and leave Australia as much as you want within five years after the date of issuing the visa (then you usually have to renew your travel facility with a Resident Return Visa).
• Family Inclusion: You may add your spouse or your partner and your dependent children to your application and provide them with identical benefits of permanent residency.
   

Subclass 888 visa provides the opportunity to secure permanent residence status out of multiple temporary visa streams. You need to submit an application according to the stream which corresponds to the Subclass 188 visa you own.

• Business Innovation Stream Subclass 888A: This is designed to cover business owners that have fulfilled turnover, asset and employment requirements when running an eligible business in Australia.
• Investor Stream Subclass 888B: Applicants who have held a specified investment in the sum of at least AUD 1.5 million during the specified time.
• Significant Investor Stream Subclass 888C: To those applicants who have held a Complying Investment of at least AUD 5 million during the required period.
• Entrepreneur Stream Subclass 888E: For those entrepreneurs who have proven their successful record of entrepreneurial activity in Australia.

To apply in Business Innovation and Investment Permanent Visa, you are required to typically meet the following basic requirements that are supplementary to your stream requirements:

• Have a Provisional Visa: You will need to have a Business Innovation and Investment Provisional visa Subclass 188 in one of the streams, or in other situations, a subclass 444 or 457 visa.
• State or Territory Nomination: You should be nominated by the state or territory government which nominated your provisional visa.
• Continuing devotion: You should demonstrate a sincere resolve to carry on with your business or investment activity in Australia.
• Health and Character: You and your family should satisfy the health and character demands of Australia.
• Compliance Record: You and your partner should have an excellent history of adhering to Commonwealth and State, Territory laws concerning your business.