The ‘Land of Endless
Opportunities’, Australia, has almost everything under its umbrella to ensure
that you have a pretty bright future—right from emerging industries, ready
market to a more than favorable condition prevailing across a set line of
principles and policies. So, as an entrepreneur or businessmen, you are always
on the verge to gain more while ending up in Australia.
Under the rule of Tony
Abott, more investments are pooling in and creating more favorable scenario for
better growth and development. So, as an investor, entrepreneur or businessmen,
it would be naïve or irrational if you are finding Australia less captivating.
This year, the AZNSCO
has been doing the best to ensure that skilled and affluent individuals are
able to invest in the Australian economy and help bolster further growth and
development. Hence, the Business Innovationand Investment Residence Sub-class 888 Visa has been planned, integrated
and implemented in the immigration directory, to help facilitate quick movement
of bright and innovative minds that would be bringing ideas and investments in
the Australian soil.
If you compared the
business, innovation and entrepreneur category visa to that of the skilled and
independent visa, you will get to know that business and entrepreneur has
higher economic benefits associated.
Hence, it is not
something surprising that it has the better takers as compared to the skilled
and independent visa. The processing time is fast so as to not annoy or
alienate the applicant. For those who have been applying for the Business Innovation and Investment Residence
Sub-class 888 Visa, you have better chance to claim for Permanent Residency
(PR), as compared to those that have applied for its lower staged 188 Business Innovation
and Investment Visa.
The sub class 888 has
been segregated into two streams and these are the one that have been driving
the immigration.
Business Innovation Stream
It is basically for
the applicants who have been willing to invest in Oz. And for gaining the
residency and immediate immigration, they can align themselves for further 4
sub divided categories for the movement.
(i)
Investor stream is for those investors and businessmen/women who
are willing to make an investment of AUD 1.5 million in any Australian
territory. The applying immigrants should be nominated by the state or
territory.
(ii)
The significant investor stream demands an investment of AUD 5 million
and the investor should maintain the investment activity for a period of 5
years in a stretch under the visa.
(iii)
The third category deals with premium investments, and in here,
the immigrants should show the willingness to invest some AUD 15 million to
help maintain the business and investment in Australia.
So, once these things are clarified in the
first place, you can pick the right programme that best suits your requirements
and affordability and pick the Business Innovationand Investment (Residence) (Sub-class 888) Visa for ensuring the movement.
How subclass 888 is different from 188!
Under the 188 business
visa category, the investor has to own a business and you must have prior
experience of operating the business. Hence, such individuals are better placed
to get the immigration soon, but the investment would be for just 4 years and
the applicant should not be above 55 years in age.
But the 888 visa is
based on the nomination of the province. So, if certain province is lacking in
development and they want that immediate funding can happen, so they would be
nominating individuals that have applied for business investor and entrepreneur
visa and ask them to invest and create jobs in that particular state or
territory.
The bottom-line of the
visa is that in lieu of the faster expediency and processing, the immigrants
have to create full time jobs, and they are given PR also to continue their
economic contribution towards the nation building. Therefore, it entirely
depends on you how well you are equipped, and which is the best visa that you
can take in the first place.
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