Business Innovation and Investment Visa gives you and your family’s permanent residency and passport.This is a 4 years visa with 2 years extension (if required),giving you total 6 years from the date of grant of the original visa.Once you have established an Australian business,you can apply for permanent residence.Getting permanent residence,you can apply for passport once you live in Australia at least 3 years.
Listed below are some of the basic criteria set out by the Australian government to qualify under Business Innovation and investment Stream/188A.
- The business you have must be running for 5 years or more and be registered and have minimum 30% owner of the business and 10% owner if the business publicly listed
- Turnover for this business should be $500,000AUD or more for two of last four years.
- Net personal and business assets in Bangladesh should be $800,000AUD or more.
- Minimum investment requirement $600,000AUD.
- Age below 55 years.
This visa is only available to applicants who are sponsored by an Australian State government. To be Sponsored, you must lodge an Expression of Interest (EOI).
Eligibility for Permanent Residence:
To qualify for permanent residence regarding Business Innovation and Investment Stream 188A, you must have to meet the following criteria:
- Establish the business as per business plan submitted to the State Government and move to the business any 2 consecutive years in the period.
- Managing the business live in Australia 12 out of 24 months.
- The new business in Australia must have to turnover $300,000 AUD in last year before applying for Permanent Residence.
- Show personal and business assets of at least $600,000 AUD in Australia.
Eligibility For Passport:
After getting permanent residence you are eligible to apply for passport once you live in Australia at least 3 years.
If you would like to check your eligibility for business migration or if you would like us to assist your application please download Immi Links pre-assessment form and fill up and send email@example.com
We will provide you a comprehensive initial assessment for business migration and can discuss with you the best way to proceed with your application.Please do not hesitate to contact us if you have any inquiry.