Business Innovation & Investment Visa Australia | Mygration
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Permanent Business Visas

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Business Innovation and Investment Visas

If you are looking for an opportunity to establish or relocate your business to Australia, a business visa is required. There are also range of foreign investment visa types available for eligible individuals. Mygration can assist you with the application for these specific permits. We are highly qualified migration agents located in Queensland. We can assist clients across Brisbane to determine their eligibility for various investment related permits. Thanks to the experience and dedication of our team we can assist you in compiling the necessary documents needed for an application for a foreign investment visa.

The application process for foreign investors interested in Australian investment has been simplified by the Australian Government in order to entice more foreign investors to the country.

The Australian economy is reliant on foreign investment and trade with the Foreign Investment Review Board (FIRB) assessing all proposals for direct foreign investment. The following industries are the main industries of interest when it comes to foreign investment:

  • Agribusiness and food
  • Commercial and real estate development
  • Tourism
  • Education
  • Major Infrastructure
  • Resources and Energy

Our firm has a wide range of professionals that not only provide services relating to migration law, but offer valuable expertise and knowledge relating to various assessment criteria for all visas to Australia. Our team of professionals hold over 11 years’ experience in accounting, law, migration law and career planning in Australia, New Zealand, South Africa, France, Spain and many other countries making us your ideal business migration agents in Brisbane and the Gold Coast.

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Permanent Business Innovation and Investment Visas

Business Innovation and Investment (Permanent) visa 888A

Once the SC188A visa is granted – applicants who have operated their Australian approved business may be eligible to apply for SC888A Permanent visa after 2 years of holding the SC188A and meeting other requirements.

Business ownership, Turnover & Asset requirement post visa grant before applying for PR

For the 2 years immediately before you apply, you must have:

  • had, and continue to have, an ownership interest in up to two main businesses in Australia
  • had a direct and continuous management role in that business or businesses
  • submitted Business Activity Statements to the Australian Taxation Office & have an ABN for each of your businesses

For the 24 months immediately before you apply, you must own at least:

  • 51% of the total value of a business with a turnover of less than AUD400,000 per year, or
  • 30% of the total value of a business with a turnover of AUD400,000 or more per year, or
  • 10% of the total value of a business that is operated by a publicly listed company

Your main business or businesses (or the business or businesses of your spouse or de facto partner, or of you and your spouse or de facto partner together), had an annual turnover of at least AUD300,000 in the 12 months immediately before the application was made

Business and Personal Asset requirement for Business

For the 12 months immediately before you apply, you or your partner (or you and your partner together) must show at least 2 of the following:

  • assets of AUD200,000 net value in your main business (or 2 main businesses) in Australia
  • personal and business assets in Australia of AUD600,000 net value
  • equivalent of at least 2 full-time eligible employees in your main business

Residence Requirement

You must have been in Australia for at least 1 year in the 2 years immediately before you apply as the holder of a SC188A innovation visa

You must:

  • hold a relevant stream of the subclass 188 (A,B,C,D or E) visa or 444 visa
  • be nominated by a state or territory government agency or Austrade
  • have owned and operated a business in Australia for at least 2 years (Business Innovation stream) or
  • have held a designated investment of AUD 1.5 million for 4 years (Investor stream) or
  • have held a complying investment of AUD 5 million for 4 years (Significant Investor stream) or
  • held a complying investment of AUD 15 million for 1 year (Premium Investor stream)
  • meet additional financial and other requirements of the same stream of this visa.

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Business Innovation and Investment (Permanent) visa 888E

 YOU MUST: 

  • Have a current nomination from a State or Territory government agency
  • Have a successful record of entrepreneurial activitiesoThe (the primary applicant’s) entrepreneurial activities are assessed by looking at either 2 key success factors OR 1 key success factor PLUS 3 supporting success factors

Key success factors include one of the following: 

  • employing 2 or more Australians, permanent residents, or other eligible persons
  • generating an annual turnover of at least AUD300K (period to be defined)
  • filing a provisional patent or acquiring a standard or innovation patent within Australia
  • receiving ongoing funding or investment in your entrepreneur activity
  • entering a partnership with a university OR selling an entrepreneurial venture for AUD2 million 

Supporting success factors include one of the following: 

  • adapting your entrepreneurial activities into other business areas
  • receiving a statement of success from a state or territory government nominator
  • receiving sponsorship from the corporate sector
  • starting at least 1 other business or contributing to at least 2 other businesses
  • receiving formal awards or recognition
  • raising or contributing to social capital

Entrepreneurial activities in Australia cannot be: 

  • residential real estate/labour hire/buying an existing enterprise or a franchise in Australia 

Meet the residence requirement by demonstrating that You (the primary applicant) have resided in Australia for at least 2 years of the 4 years that you have held the provisional visa 

You and your partner must not have been involved in unacceptable business or investment activities and demonstrate a realistic commitment to continuing entrepreneur activities 

You must:

  • hold a relevant stream of the subclass 188 (A,B,C,D or E) visa or 444 visa
  • be nominated by a state or territory government agency or Austrade
  • have owned and operated a business in Australia for at least 2 years (Business Innovation stream) or
  • have held a designated investment of AUD 1.5 million for 4 years (Investor stream) or
  • have held a complying investment of AUD 5 million for 4 years (Significant Investor stream) or
  • held a complying investment of AUD 15 million for 1 year (Premium Investor stream)
  • meet additional financial and other requirements of the same stream of this visa.

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Business Talent SHS (Permanent) visa (subclass 132A)

Significant Business History Stream

This visa allows you to establish a new or develop an existing business in Australia through:

  • Significant Business History stream: for high-calibre business owners or part-owners who want to do business in Australia

You, your partner, or you and your partner combined must have all of the following:

  • total net assets of at least AUD400 000 as the ownership interest in one or more qualifying businesses for least two of the four fiscal years immediately before you are invited to apply and if the qualifying business(es) was a publicly listed company, a shareholding of at least 10 per cent of the total issued capital
  • net business and personal assets of at least AUD1.5 million that are legally acquired and can be transferred to Australia within two years after the visa is granted
  • a total annual turnover of at least AUD3 million in one or more of your main businesses in at least two of the four fiscal years immediately before you are invited to apply
  • ownership of at least:
    • 51 per cent of a business with turnover of less than AUD400 000 per year
    • 30 per cent of a business with turnover of more than AUD400 000 per year, or
    • 10 per cent of a publicly listed company
  • an overall successful business career
  • no involvement in unacceptable business activities
  • a genuine desire to own and maintain a management role in a business in Australia.

You must also be younger than 55 years of age, although a state or territory can waive this requirement if your proposed business will be of exceptional economic benefit to the region where it will operate.

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