Business Men are lucky as there are quite a number of visas that are made available to them like 188 Visa by the government of Australia. Of course, only legit business men can take advantage of these Australian visa and the requirements are quite stringent so qualifying for them can be tough although it can be done especially if the business is established and legit. Business
The Business Innovation and Investment – provisional / subclass 188 is a state nominated provisional visa which is valid for four years. It is a pathway to permanent residency, through the Business Innovation and Investment (Permanent) (subclass 888) visa.
Short stay visit visas are valid up to three months and it cannot be extended. Your stay in Australia is limited until the date given by the department of immigration. The other visas are pathway to permanent residency but requirements need to be met before PR visas are granted.
How it works
Another type of business visa are the Business Innovation and Investment visas which are provisional in nature. This Australian visa is given to business men who want to put up new businesses in Australia. They can also be given to folks who want to manage a business in the country or want to invest in an Australian business.
These visas can be a pathway to permanent residence in Australia.
- The Business Innovation stream is for people who want to own and manage a new or existing business in Australia.
- The Investor stream is for people who want to make a designated investment of at least AUD 1.5 million in an Australian state or territory and want to maintain business and investment activity in Australia after the original investment has matured.
- The Significant Investor stream is for people who are willing to invest at least AUD 5 million into complying investments in Australia and want to maintain business and investment activity in Australia after the original investment has matured.