Last Updated on January 6, 2018 by West Highlander
Businessmen who are wondering to move their existing business or establish a new business or to invest in existing business, then Australia can be your best choice. It has developed various visas through which you can start a business by investing capital. Nowadays, Business investment visa 188 has replaced all the visas of business and investment visa. The government of Australia has made business immigration to Australia from throughout the world very encouraging.
The visa is also a pathway to permanent residence for high caliber entrepreneurs with financial backing. They must nominate by a State or Territory government meeting all the essential requirements.
Candidates can normally apply for legal residence after 12months in Australia. You need to submit an Expression of Interest through the Skill select system before being invited to apply. You must have never been involved in any illegal business and investment activities.
Things you need to have to secure the visa easily:
Candidates applying for the Subclass 188 visa need to secure at least 65 points to be eligible. Points are considered on the following factors;
- Net personal and business assets
- English language ability
- Business innovation
- Special endorsement
Basically, there are four streams for business and investment visa subclass 188 with their own eligibility conditions. Lets’ have a glance at the details given below:
Business Innovation Stream: This stream is for those who are successful in their business and want to establish a business in Australia.
Investor Stream: This is for those who want to invest at least AUD$1.5 million in Australia and continue business or investment activity in the country for at least 2 years.
Major Investor Stream- You have to invest a minimum of AUD $5 million in Australia and continue business activities after the period of their provisional visa.
Premium Investor Stream– This is for those investors who want to invest at least AUD$15 million in Australia and continue business or investment activity in the country after the time of their provisional visa.
- It allows you to live in the country for 4 years and 3 months as temporary visa with a friendly pathway to permanent
- You can include all the family members like spouse and dependent children in your application. You don’t need to do separate processing for the family members.
- You need to meet only compulsory requirement of business turnover and net worth that you have.
- One doesn’t need to require of academic qualification for all application.
- No minimum age restriction to secure for the visa to the main applicant
- Total processing is 12-15months but depend on you how soon you provide all the documents.
- The visa process is systematic and transparent
West Highlander has over twelve years of experience assisting people to immigrate to countries all over the world. We are a team of qualified professionals having years of experience of the industry. We have verified and authorized legal advisors guide you with up-to-date information about the visa process.