Once you’ve obtained a temporary visa as a business owner or investor, it’s possible to transition to permanent residency in Australia as a business owner or investor. At Interstaff we’ve helped hundreds of innovative Perth based business people become permanent residents through our 188 Visa solutions.
If you’ve successfully met the requirements of one of the visa streams under the Business Innovation and Investment Temporary Visa (188) (these include the Investor Visa stream, the Significant Investor Visa Stream and the Premium Investor Visa Stream), you can become eligible to apply for permanent residency under the Business Innovation and Investment Permanent Visa (888).
The Business Innovation and Investment Permanent Visa (888) will enable you to continue owning and managing a business in Australia, or continue business and investment activity in Perth and across Australia.
To apply for the Business Innovation and Investment Permanent Visa (888), you won’t need to be invited by the Government to do so, however, you will need to be nominated by a state or territory government agency or Austrade.
If you are currently on the Significant Investor stream under the temporary Business Innovation and Investment Visa (188), you’ll also need to meet the stream’s requirements to transition to permanent residency. This includes investing AUD5million into complying investments for a minimum of four years.
Those on the Premium Investor stream will need to invest AUD15million into complying investments for a minimum of twelve months as part of the stream’s requirements to transition to permanent residency.
Interstaff can advise on your visa eligibility and visa requirements and assist with all stages of your Business Innovation and Investment Permanent Visa application to the Australian government. We can also assist with adding eligible family members to your visa application.
Business owners interested in understanding more about gaining permanent residency as business owners or investors are encouraged to contact our Registered Migration Agents servicing Perth, Melbourne and Sydney at [email protected] or call 08 9221 3388.
Get in touch today
How does this impact your Australian visa, sponsored workers or travel?