How To Get Permanent Residency In Australia Under Subclass 888

1. How To Get Permanent Residency In Australia Under Subclass 888

2. It’s no easy task setting up a new business in a foreign country for entrepreneurs. But if you are someone looking to set up your business in Australia then securing a Business Innovation and Investment under subclass 188 might just be your best bet! This visa allows foreign entrepreneurs to conduct business in Australia and eventually obtain permanent residency in Australia under subclass 888. Wondering how to get hold of this visa without being rejected? Just keep scrolling down and let us guide you. Introduction

3. Subclass 188 Visa as a Pathway to Subclass 888

4. In recent time Australian has been promoting entrepreneurial culture to encourage foreign direct investment in the country. Hence, this business visa under subclass 188 is perfect for immigration so that such foreign business persons may invest in this country for a maximum of four years. However, there are sudden criteria that you have to fulfill to qualify to this visa including- Having a successful business career A substantial amount of assets Capacity to invest in Australia

5. Before you go all giddy over the subclass 188 visa, it is crucial to note that every visa, including this one, has its limitations This particular visa is merely a temporary or provisional visa that grants entry of foreign investors to the Australian business market. With this visa, you can only conduct business in Australia for 4 years. But don’t let this disappoint you! This visa ensures the holder can obtain a permanent residency in Australia as subclass 188 is a route to Subclass 888, and the holder, as well as members of the family unit, will be able to work, conduct studies, and reside in Australia permanently.

6. The subclass 188 visa holders can apply for permanent residency after successfully operating their businesses or investments in Australia for a specified period, through the subclass 888 visa. This subclass 88 visa is also known as the Business Innovation and Investment visa. This visa is designed to attract successful investors and entrepreneurs to stay in Australia and contribute to the economy of the nation. If you are ready to take the first step towards permanent residency in Australia, keep reading to learn more about the subclass 188 visa and the subclass 888 visa.

7. To qualify for the subclass 888 visa you need to meet the following requirements: You must hold a provisional Business Innovation and Investment visa (subclass 188) or hold a Special Category visa (subclass 444) or a Business (Long stay) visa (subclass 457IE). You must meet the requirements of the provisional visa in the stream in which you first applied which may include meeting investment and turnover thresholds and maintaining the business for a stipulated period. You must pass the points test. You must ensure that your business complies with all the Australian rules and regulations. Eligibility Requirements for Subclass 888

8. Additional Requirements: You have to be nominated by the Australian state or territory. You need to have evidence of meeting the health and character requirements for a 188 visa. You and your family members must be free from any outstanding debts to the Australian government.

9. Benefits of Subclass 888 Once you get hold of the subclass 888 visa, you’ll be all set to permanently reside in Australia. Here are some benefits you can enjoy with this visa- You can live, work, and study in Australia for an indefinite time. You’ll be able to enroll in Australia’s program for health coverage After meeting some required criteria, you’ll be able to apply for Australian citizenship. You’ll be able to sponsor your other relatives for permanent residency in Australia. You’ll be able to leave and re-enter Australia from the date the visa is granted (after 5 years on your permanent residency visa you need to apply for a resident return visa to extend your travel facility).

10. Suppose you are a business owner planning on expanding internationally and applying for visa for business in Australia. In that case, the application itself sometimes can be the trickiest part of the process for you. A process that can set you back by a fairly long time if done wrong. Applying for a visa while complying with all rules and passing the points system is an extremely complicated process and no matter how prepared you might be, there is always a possibility that something can go wrong. This is why you need expert help from migration agents. Seeking help from professional migration agents and lawyers is beneficial because- Importance of Seeking Professional Advice

11. These are professionals in visa issues and have dealt with the process for several years hence decreasing the possibility of a declined visa. They take on the responsibilities on your behalf making the visa process more convenient and hassle-free for you. They can expedite the process by ensuring that your documents are correctly compiled, filled, and submitted within the right time. They can provide customized advice and guidance tailored to your specific needs and circumstances. Immigration consultants can provide additional services beyond visa application assistance like travel assistance and accommodation. They can help alleviate the stress and anxiety associated with the visa application process by providing guidance and support throughout the process.