The pathway to permanent residence in Australia for Business Migrants consist of two stages. You must first apply for the Business Skills (Temporary) Subclass 188 visa which consist of five streams, namely the Business Innovation Stream, the Investor Stream, the Significant Investor Stream, the Premium Investor Stream and the Entrepreneur Stream. This visa is normally granted for a period of 4 years and 3 months. Subsequent to meeting the necessary criteria for permanent residence you may then apply for the Business Skills (Permanent) Subclass 888 visa in the same stream that you applied for your Business Skills (Temporary) Subclass 188 visa.
Australia’s Business Skills Program encourages successful business people to settle in Australia and use their proven business attributes to develop business activities in Australia. Business migrants are particularly welcomed if an applicant is capable of or have a strong business background of:
Since 01 July 2012 the majority of all Business Skills migrants are required to enter Australia initially on a provisional (temporary) visa for four years three months and, after satisfactory evidence of a specified level of business or investment activity, may apply for permanent residence. These arrangements continue to provide for the entry of business owners, investors, and high net worth applicants.
Currently the five streams of temporary Business Skills visas are:
To be eligible to apply for this stream you must:
The following additional pre-requisites must also be met:
You, your partner, or you and your partner combined must:
Note: Income that you earn from your designated investment in Australia is subject to tax under Australian taxation law.
To be eligible to apply for this stream you must have a genuine and realistic commitment to:
You must make a complying significant investment of at least AUD$5 million over four years in the following proportions:
Important Note: You are advised to seek independent legal advice in relation to ensuring that the investment you made for the purpose of this stream is a ‘complying significant investment.’
You can apply for the Premium Investor Stream only by nomination of Austrade on behalf of the Australian government only. You must make a complying investment of at least AUD$15 million in any of the following options:
To be eligible for this stream you must:
A Complying Entrepreneur Activity is an activity that relates to an innovative idea that will lead to the commercialisation of a product or service in Australia, or the development of an enterprise or business in Australia. This activity must not relate to any of the following excluded categories:
An activity is a complying entrepreneur activity if all of the following requirements are met:
Conclusion. If an applicant is able to meet all the requirements of any particular category of visa he/she intends to apply for, then he/she is invited to contact James Tan Immigration Consultants by completing the Assessment Form in this website for a proper assessment to determine whether an application should be lodged with the Department of Immigration & Border Protection. This assessment costs only $150.00 and is credited to the applicant’s fees payable if he/she proceeds to instruct us to proceed with an application. In all instances lodgement fees (which can be quite substantial) once paid to the Australian Department of Immigration is non-refundable. Therefore the $150.00 assessment fee paid is money well spent.
Please note that the immigration information provided in this website is a guide only. You are advised to contact James Tan Immigration Consultants or the Department of Immigration & Border Protection for specific answers to any question affecting your case. For a prompt reply to any query with regard to your case you are invited to submit your confidential completed Assessment Form to James Tan Consultants for an accurate and quick assessment of your specific case.