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business migration can be highly complex, and determining your eligibility can be challenging. Moreover, there are multiple business migration categories in which you may qualify. In most cases, investor and business migrant visas require state nomination before you can apply. We recommend booking a consultation to assess your eligibility thoroughly.
Parks Legal specializes in providing professional services to business professionals and individuals with business talents who are seeking permanent residency in Australia. Our services cater to provisional visa holders who need assistance in establishing and operating a business to fulfill their permanent visa requirements.
Subclass 188 Business Innovation & Investment Provisional Visas: The Business Innovation & Investment Subclass 188 visas are intended for investors and business owners looking to establish business operations in Australia. These visas are valid for four years and offer five eligibility streams:
This visa is for successful business owners or investors from overseas who are willing to invest in new or existing businesses in Australia or make designated investments in Australia State or Territory government bonds.
This is a four-year temporary visa. Once you have maintained an investment in Australia for four years, you can apply for permanent residence through the Business Innovation & Investment (Residence) Subclass 888 visa.
- Designed for individuals willing to invest at least AUD 5 million in complying significant investments in Australia and maintain business and investment activity in the country. Applicants can be nominated by a state or territory government or Austrade on behalf of the Australian government.
Intended for individuals willing to invest at least AUD 15 million in complying premium investments in Australia and maintain business and investment activity in the country. Applicants must be nominated by Austrade on behalf of the Australian government.
Geared towards individuals with a funding agreement of at least AUD 200,000 from a third party to undertake a complying entrepreneur activity leading to the commercialization of a product or service in Australia or the development of a business in the country. Applicants must be nominated by a state or territory government.
Once you have held the 188 provisional visa for either two years in the Business Innovation Stream or four years in the Investor Stream and have met all prescribed criteria, you can apply for the 888 visa (Business Innovation and Investment – Permanent). This visa is the second stage of the Business Innovation and Investment visa.
A permanent visa designed for high-caliber business people who own or are part owners of an overseas business and genuinely intend to participate in managing a new or existing business in Australia.
