If you are an entrepreneur or investor looking to invest and do business in Australia, the Business Innovation and Investment visa 888 and Business Innovation and Investment visa 188 can provide a great opportunity for you to not only expand your business but also gain permanent residency. Both of these visas offer numerous benefits, such as access to a wide range of business and investment opportunities and the ability to live and work in Australia with your family. Here, look at the advantages of these two visas and how they can help you achieve your business goals in Australia.
About Business Innovation and Investment visa 888
The Business Innovation and Investment visa 888 is a great way for business owners to live and work in Australia. The 888 visa is designed to attract successful business owners, investors, and entrepreneurs with the skills and resources needed to contribute to the Australian economy.
This visa requires an applicant to demonstrate a successful business or investment history. To be eligible, applicants must have managed a successful business, have invested in an existing business, or have a successful record of investing in eligible businesses. This visa is a permanent residency pathway and does not require sponsorship from an employer.
About Business Innovation and Investment visa 188
The Business Innovation and Investment visa 188 is an important visa option for foreign entrepreneurs and investors who want to invest in or start a business in Australia. It provides an opportunity for them to impact the Australian economy and live, work and study in any state or territory.
This visa is particularly advantageous for people with access to sufficient funds to establish a business or invest in Australia. The visa enables you to remain in Australia for up to 4 years and 3 months while you develop your business or investment.
You may be able to apply for permanent residency after meeting certain requirements, such as successfully running your business or investment activity for at least 2 years. Furthermore, this visa allows you to bring your family to Australia with you, so they can also benefit from the opportunities to live in the country.
Benefits of Business Innovation and Investment Visa
- You can bring your family with you: One of the most attractive aspects of the Business Innovation and Investment Visa is that it allows successful applicants to bring their family members. This includes spouses, partners, children, or other relatives.
- You will have access to government support and funding: Successful applicants to this visa can access various grants and financial support from the Australian government to help start and maintain their business ventures.
- There are no restrictions on the type of business you can set up: The Business Innovation and Investment Visa does not restrict applicants to a particular business venture. It offers a wide range of options for establishing a business in Australia.
- You will be able to live and work in any state or territory in Australia: This visa allows you to live and work anywhere in Australia, allowing you to move around and explore all the different states and territories.
After four years of living and working in Australia under the Business Innovation and Investment Visa 888 and Business Innovation and Investment Visa 188, successful applicants will be eligible for permanent residency.