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Business Visa Subclass 888

Business Visa Subclass 888

The Australian Government recently changed its business visa program by closing th e Business Innovation and Investment visa (subclass 188) as of July 2024. This aims to simplify the system and attract more innovative entrepreneurs. Those who applie d before the cutoff date will still be processed, but new applicants should consider th e new National Innovation Visa instead. These updates show Australia’s focus on bo osting its economy with fresh, impactful business ventures.
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This visa offers several benefits:

  • Permanent Residency: You can live in Australia indefinitely.
  • Work and Study: You can work and study in Australia.
  • Medicare: Access Australia’s healthcare system.
  • Sponsor Family: You can bring family members to Australia.
  • Travel: Travel in and out of Australia for five years.
  • Citizenship: You might be able to apply for Australian citizenship.

Important Points:

  • Costs and Waiting Times: There are fees and waiting periods.
  • Follow the rules: You must comply with visa conditions.
  • Notify Changes: Inform authorities of any changes in your situation.
  • SmartGate: Use this for faster airport processing.
  • Proof of Entry: You should show proof of entry when leaving Australia.

Eligibility:

  • Previous Visa: You must have held certain visas for a minimum period.
  • Business Requirements: Meet business ownership, turnover, and assets criteria.
  • Commitment: Show your plan to continue business activities in Australia.
  • COVID-19 Concessions: Some concessions may apply.
  • Health and Character: Meet health and character requirements.
  • Australian Values Statement: Sign this statement.
  • No Debts: Have no outstanding debts to the Australian government.
  • Clean Immigration History: Have a good immigration record.
  • Nomination: Be nominated by a state or territory government agency.

Investor Stream Visa

This visa offers several benefits:

  • Permanent Residency: Live in Australia indefinitely.
  • Engage in Activities: Participate in various business and investment activities.
  • Sponsor Relatives: Bring family members to Australia.
  • Travel: Travel in and out of Australia for five years.
  • Citizenship: Apply for Australian citizenship if eligible.

Important Points:

  • Follow the rules: You must comply with visa conditions and report any changes.
  • Family Members: You can’t add family members after the visa is granted, but they can apply separately.
  • Travel Documents: Ensure your travel documents and visa status are current before leaving Australia.

Eligibility:

  • Previous Visa: You must have held a Business Innovation and Investment (Provisional) visa (subclass 188) in the Investor stream for at least three years or meet specific criteria as a secondary visa holder.
  • COVID-19 Concessions: Some concessions may apply.
  • Financial Investments: Meet the required monetary investment criteria.
  • Compliance: Follow Australian laws.
  • Health and Character: Meet health and character requirements.
  • Australian Values Statement: Sign this statement.
  • No Debts: Have no outstanding debts to the Australian government.
  • Clean Record: No visa cancellations or previous application refusals.

Significant Investor Stream Visa

This visa offers several benefits:

  • Permanent Residency: Live in Australia indefinitely.
  • Work and Study: You can work and study in Australia.
  • Healthcare: Access to Medicare, Australia’s healthcare system.
  • Sponsor Family: Bring your relatives to Australia.
  • Travel: Travel in and out of Australia for five years.
  • Citizenship: You can apply for Australian citizenship if eligible.

Important Points:

  • Government Benefits: New residents might need help accessing some government benefits.
  • Follow the rules: You must comply with visa conditions and report any changes.
  • Business and Investment: Continue your business and investment activities.
  • Travel Extensions: There are processes to extend your travel privileges.
  • Family and Citizenship: You can bring family members and apply for citizenship.
  • Post-Departure: Follow procedures when leaving Australia.

Eligibility:

  • Previous Visa: You must have held a Business Innovation and Investment (Provisional) Visa (subclass 188) in the Significant Investor stream for a specified period.
  • COVID-19 Concessions: Some provisional visa holders affected by COVID- 19 were allowed to apply.
  • Nomination: You need a nomination from a state or territory government agency or Austrade.
  • Investment Rules: Comply with investment requirements.
  • Residence Requirements: Meet the residency criteria.
  • Laws and Health: Follow Australian laws and meet health and character requirements.
  • English Proficiency: Demonstrate English language skills.
  • Commitment: Show a commitment to continuing business or investment activities in Australia.
  • Australian Values: Sign the Australian values statement.
  • No Debts: Have no outstanding debts to the Australian government.
  • Clean Record: Maintain a good immigration history.

Premium Investor Stream Visa

This visa offers several benefits:

  • Permanent Residency: Live in Australia indefinitely.
  • Work and Study: You can work and study in Australia.
  • Healthcare: Access to Medicare, Australia’s public healthcare system.
  • Sponsor Family: Bring your relatives to Australia.
  • Travel: Travel in and out of Australia for five years.
  • Citizenship: You can apply for Australian citizenship if eligible.

Important Points:

  • Government Payments: There might be a waiting period for some government benefits.
  • Follow the rules: You must comply with visa conditions and Australian laws.
  • Travel Documents: Ensure your travel documents are valid and use SmartGate for faster processing at the border.
  • Departure: Verify your travel documents before leaving and use automated departure procedures.
  • Proof of Visit: You can request international movement records as proof of your visit to Australia.

Eligibility:

  • Previous Visa: You must have held a Business Innovation and Investment (Provisional) visa in the Premium Investor stream for at least 12 months.
  • Nomination: You need a current nomination from Austrade.
  • Investment Requirements: Comply with investment rules and avoid unacceptable business activities.
  • Commitment: Show a genuine commitment to business or investment in Australia.
  • Health and Character: Meet health and character requirements.
  • English Proficiency: Demonstrate English language skills.
  • Australian Values: Sign the Australian values statement.
  • No Debts: Have no outstanding debts to the Australian government.
  • Clean Record: Maintain a good immigration history.

Entrepreneur Stream Visa

This visa offers several benefits:

  • Permanent Residency: Live in Australia indefinitely.
  • Work and Study: You can work and study in Australia.
  • Healthcare: Access to Medicare, Australia’s public healthcare system.
  • Sponsor Family: Bring your relatives to Australia.
  • Travel: Travel in and out of Australia.
  • Citizenship: You can apply for Australian citizenship if eligible.

Important Points:

  • Health and Character: You must meet health and character requirements.
  • Application Fees: There are fees associated with the application.
  • Follow Laws: You must adhere to Australian laws.
  • Digital Visas: Australian visas are digital, so ensure your documents are in order.
  • Travel Guidance: Follow guidelines for entering and leaving the country.
  • Family and Citizenship: Considerations for family members and citizenship eligibility are included.

Eligibility:

  • Previous Visa: You must have held a Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur stream for a specified period.
  • Residency: Meet residency requirements in Australia.
  • Entrepreneurial Activities: Show a successful record of entrepreneurial activities.
  • Follow Laws: Adhere to Australian laws.
  • Health and Character: Meet health and character assessments.
  • English Proficiency: Demonstrate English language skills.
  • Financial Obligations: Meet financial requirements.
  • COVID-19 Concessions: Some concessions may apply.
  • Commitment: Show a commitment to ongoing business or investment activities.
  • Australian Values: Sign the Australian values statement.
  • No Debts: Have no outstanding debts to the Australian government.
  • Clean Record: Maintain a good immigration history.
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We are committed to providing a comprehensive and personalized service to all our clients. Our goal is to make the visa application process as smooth and stress-free as possible, ensuring that you have the best chance of success.

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