888 Business Innovation and Investment permanent residence Visa Overview
Australia 888 Business Innovation and Investment permanent residence Visa is an Australian immigrant visa with permanent residence right to apply for permanent residence within Australia after two years of obtaining Australia Immigration 188 Business Innovation Class or Investor Type temporary residence visa. Before applying for an 888 visa, apply for state, territorial or Australian Trade Commission guarantees.
888 Business Innovation and Investment permanent residence Visa requirements
I. Commercial innovation visa 188A-888 permanent residence visa
- for the first two years of the application for a period of one year or two years for four years;
- Apply for ownership and management positions in one or more businesses within 2 years of permanent residence;
- During the first 12 months of the application for permanent residence, the annual turnover of business in Australia is not less than three hundred thousand Australian dollars (if you live or do business in a particular remote area, the state government may waive the requirement for an annual turnover of three hundred thousand Australian dollars);
- There are 2 years of Australian tax records;
- Before you apply for a permanent residence, you have any of the following business (which can be added to more than one business)
- Companies with annual revenues of more than A $ four hundred thousand own no less than 30 per cent of the shares;
- Companies with annual revenues of less than A $ four hundred thousand own no less than 51 per cent of the shares;
Having a stock right of not less than 10% of a listed company;
Every business must have a commercial code;
Submit a two-year business activity report to the Australian Inland Revenue Authority before applying for permanent residence;
The shares in the business are not transferred by the 888891892 or 893 visa applicant or holder unless, prior to the application for permanent residence, the applicant and the assignor jointly held the shares for at least one year;
At least 2 of the following 3 items are met before applying for permanent residence
- During the year prior to the application for permanent residence, one or two of the businesses had a net worth of not less than A $200000;
- During the year prior to the application for permanent residence, one or two businesses and personal net assets were not less than A $600000;
- At least two local employees equivalent to full-time (who must be Australian citizens, green card holders or New Zealand passport holders, not family members) are employed within one year of the application for permanent residence.
II. Business investment management visa 188B-888 permanent residence visa
- In the first 4 years of application for permanent residence, the principal applicant has resided in Australia for not less than 2 years;
- Investment in state or territorial government bonds for a period of not less than 4 years;
- Hold 188B visa for at least 4 years to apply for 888 permanent residence visa.
3, 5 million Australian Dollar Major Investment Visa 188C to 888 permanent residence Visa
- When applying for permanent residence, the applicant holds an 188C visa or an extension visa, with the principal applicant staying for 40 days per year, or the spouse staying for 180 days per year;
- To meet the compliance investment of 5 million Australian dollars for at least 4 years;
- To operate a qualified business in an Australian private enterprise in which direct compliance investments (if applicable) are met;
- Hold a 188C visa for at least 4 years before applying for 888 permanent residence visa.
888 Application process for business innovation and investment for permanent residence
- Prepare application material
- Apply for state guarantee
- Registered ImmiAccount, online Application for 888 Visa
