Planning a business in Australia?

Are you planning to start a business in Australia? Do you wish to stay in Australia permanently? If answer for these questions is a yes, then Continental Immigration Consultancy Services has worked on this article only for you. Let’s have a look.

If you wish to start a business in Australia with a permanent residency you can look out for Australia’s Business Innovation and Investment or Permanent Visa.This is a state-nominated visa for business and financial specialist vagrants who hold a four-year provisional subclass 188 visa and are looking for permanent residency.

The nomination prerequisites for this visa depend on the subclass 188 visa stream that you initially applied for:

Business Innovation: entrepreneurs who need to relocate their abroad business or set up another business in South Australia

Business Investment: entrepreneurs or business owners willing to invest at least AUD$1.500,000 in South Australia for a long time

Significant Investor: People willing to invest minimum AUD $5,000,000 in Australia for a long time.

This visa is legitimate for 5 years with future alternatives for further permanent residency visas or citizenship.

Business immigrants looking for designation for a Permanent Business Innovation, Investment and Significant Investor subclass 888 visa must meet both Department of Immigration and Border Protection (DIBP) and state necessities.

DIBP and State requirements are distinctive for every stream.

• Candidates should first apply to Immigration SA for a second state nomination before filling a subclass 888 visa application with the Department of Immigration and Border Protection (DIBP).
• This visa is valid for a 5 years with future choices for residency return visas or citizenship.
• To meet the South Australian selection necessities you should:
• Meet DIBP 888 innovator stream criteria
• Hold a provisional innovator visa assigned by South Australia or a completed release form
• Business location and primary residency in South Australia for at least two years preceding 888 nomination application
• Meet and give proof of the advantage to state requirements as required for your age, business sort and area.

Advantage to State Requirements under 55 years old

You should give proof that you have met one of the accompanying:

• Provide a minimum capital investment of AUD $200,000 into a South Australian business. (For property engineers it is AUD $3,000,000, if in more prominent Adelaide, $2,500,000 if in nation South Australia).
• Employed two full-time equivalent representatives in SA – extra requirements apply.
• Infuse AUD $600,000 of net individual and/or business resources into South Australia.

For more info, contact CICS.