Australian business migrants have long been the main gateway for Chinese entrepreneurs to emigrate to Australia. With the rapid development of Australia-China Free Trade area, Australia government relaxed immigration policy, providing more opportunities for Chinese businessmen. Australia is a huge attraction for Chinese businessmen, not only to apply for family benefits, but also to have a high standard of living, a superior business environment, a multicultural social environment, and a fair immigration policy. Good educational facilities and favorable for the development of new immigrants and other factors, deeply attracted immigrants from all over the world, especially Chinese citizens.
When it comes to Australian business immigrants, the 188A innovative investment immigration visa is currently the largest type of immigrant visa in Australia. This visa is characterized by obtaining a temporary green card for four years, and then completing the investment and business in Australia to meet the two-year business requirements. After that, you can apply for an Australian permanent residence visa, which is the most common type of investment immigration program.
188A Creative Investment immigrants
188A innovative investment immigration visa unique project advantages and application conditions are widely favored by business people! So, how should people who have successfully obtained the visa transfer 888 visas and obtain Australian permanent residence status?
Australia Global Immigration Investment Group authoritative experts will combine their own professional knowledge and a number of successful experience in recent years to answer everyone`s doubts!
01. Prerequisites prior to requisition
Before applying for an 888 visa, the following conditions should be met:
(I) has invested in one or two businesses in Australia for at least two years; and has taken at least 30 per cent of the shares in the business and participates in the day-to-day management and decision-making of the Company;
(II) obtaining an Australian business permit and submitting the business status of the enterprise to the local tax authorities (tax returns);
(III) at least A $ three hundred thousand in business turnover in the 12 months prior to the application;
(4) during the 12 months prior to the application, the business in Australia must satisfy any two of the following three conditions:
3 option 2
A, employing two full-time locals (non-family members of Australian citizens, permanent residents and New Zealand passport holders);
B, net business assets in Australia amounted to A $ two hundred thousand;
C, business and personal net worth in Australia reached A $ six hundred thousand.
02. Supporting document referenc
The supporting documents to prove that the applicant meets the 888 visa requirements include:
: documentary proof of ownership of a partnership / trust / chain business contract in Australia;
: profile of business operations and assets in Australia (in-country visas);
: an Australian corporate staffing chart showing the applicant`s position in the business;
: detailed description of the responsibilities of the applicant in an Australian business
: evidence of the applicant`s involvement in business management in Australia, such as correspondence, mail, participation in meetings and abstracts, fax showing participation in research, discussions and decisions
: commercial contracts signed by applicants in Australia
: certification of administrative decision documents signed by the applicant
: certification provided by suppliers, contractors, etc., evaluating the applicant`s position in an Australian enterprise
* if the applicant does not spend most of the time in an Australian business, prove how the applicant operates the business at the time of the vacancy-e-mail, fax, minutes of the meeting, attendance certificate, exhibition attendance and continuous advertising.
03. Answers to small questions in Immigration Application
Expert answer time
When does the 1888 business start?
The firm`s business is usually based on the delivery date, which can be seen in the business purchase contract and in the lawyer`s delivery letter; the business of the trade, out of insurance, is to advise the guest to start with the first payment for the goods.
2. Do I have as many personal assets as possible?
Under the current 888 policy, applicants cannot have less than six hundred thousand Australian dollars in net assets and two hundred thousand Australian dollars in business within 12 months of submitting their application, as long as they do not fall below the standard floor.
How many businesses can I do at most?
Applicants can nominate up to two businesses when applying for 888, but closely related businesses (such as wholesale and retail of toys) can operate under a ABN as a major business. The requirement for nominating up to two businesses is due to the fact that the business the visa officer wants to see is of scale and strength, not a small, disorganized business. Nor do we recommend that customers do two completely unrelated businesses because people have limited energy and can only manage one business or two very relevant businesses within a certain period of time.
4. Do you hire as many employees as you meet your assets?
This depends entirely on the type and size of the business. Generally speaking, a business with a turnover of over three hundred thousand is enough to support only two full-time employees, such as milk bars. But if it`s a video store with a turnover of around four hundred thousand, it would have to employ several full-time or half-time employees. We tend to advise applicants not to hire full-time managers and do as many things as possible.
When can I submit 888 visa application?
Applicants can submit 888 visa applications after 24 months of business operation and satisfaction of business turnover, personal net assets, and net business assets.
04. Application process from 188A to 888
The process from 188A to 888:
-188A signed to Melbourne before the latest landing date
-Business inspection 6 / 12 months to start business
-at the request of counsel, the Law Society notifies the state government applicant of the time and size of the business, at which time the application can be made if the principal and deputy applicants are exchanged.
-lawyer arranges a client business tour and provides material counselling
-every three months, when the accountant completes the quarterly schedule, the lawyer looks at the quarterly table and examines the material
-after 8 quarters, contact the accountant for special statements and collect materials at the customer`s office at the same time
-submission of the 888 state government guarantee upon receipt of the special report
-production of 888 materials, notification to customers of supplementary materials, no criminal record in Australia
-to submit a 888 visa to the Immigration Service after obtaining a guarantee from the state government
