Business investment migration has always been an important pathway for attracting overseas immigrants to Australia, specifically targeting individuals with a business background who can bring investment to Australia and create business and employment opportunities. From a global perspective, Australia has been a popular destination for business investment migration in recent years. Among developed countries, Australia’s attractiveness and welcoming approach to business investment migration consistently rank high.
The business investment migration primarily falls under the category of Subclass 188 visa and Subclass 88 visa. The Subclass 188 visa is a temporary visa with a validity of 5 years. Once the relevant conditions are met, it can be transitioned to the Subclass 888 permanent residency visa.
State Nomination
One essential requirement for applying for investment migration is obtaining nomination from a state government. Australia has a total of 8 states or territories, and applicants must secure nomination from one of these states, and only one. Once nominated by a state government, it signifies that after the visa is granted, the visa holder must invest and live in that specific state. Each state assesses and reviews nominees based on their individual criteria, which can vary.
Successful Business Background
For those unfamiliar with Australia’s business investment migration, a common initial question is often about the required investment amount. However, this is a misunderstanding. If you’re considering the 188A (Business Innovation ) pathway, you might need to invest only a few hundred thousand Australian dollars. But this isn’t the crucial factor, and it’s a consideration for the second step. The most important aspect is the first step, which involves applying for the 188 visa.
Therefore, the first question to ask should be: Do I meet the eligibility criteria for applying for business investment visa? One of the most significant criteria the Australian government emphasizes is that the primary applicant must have a successful business background in their home country before applying for the visa, and the majority of their wealth should come from that business background.
Family can apply altogether
It means that when one person applies, the whole family can immigrate. Family members typically include the primary applicant’s spouse and dependent children. Additionally, while holding the 188 visa, dependent children can enrol in local schools.