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Invest in Australia and get a Permanent Residency
Posted on: 10 Feb 2014  |   Tags: ,

Many people from across the World either want to start a business in Australia or expand their already existing one to this North American country. So, here we will take a look at the queries about Investing in Australia.

What are the different ways of Investing in Australia?

Australia has two Visas under which a person can start a business in Australia:

Invest in Australia

Business owners and investors can apply for any of the aforementioned Visas to invest in Australia and as the name suggests, the 188 Visa is a provisional Visa and the 888 Visa is a Permanent Visa to Australia.

Can I become an Australian Permanent Resident by investing in Australia?

The subclass 888 Visa is a temporary visa that is initially only valid for a period of 4 years. Either after maintaining an investment for a period of 4 years, or after building the ownership interest in a business which is already well established in Australia, a person is holding this Visa is eligible to apply for an Australian Permanent Residency.

What are the benefits of the Subclass 888 Visa?

With this visa, applicants can:

  • Under the Business Innovation Category, applicants can own and manage a business in Australia
  • Under the Significant Investor and Investor Stream, applicants can maintain investment and business activity in Australia

What are the eligibility criteria for Subclass 888 Visa?

  • The applicants need to have a Business Innovation & Investment (Provisional) (subclass 188 visa)
  • The applicants must meet the eligibility criteria for that visa in a stream in which they have first applied
  • The applicants must be nominated by a Canadian territory or state
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