If it’s been four years since you have been granted the 188 Visa for investment purposes in Australia, you can go to the next step and solicit the 888 Visa, which allows you permanent staying in Australia. This Significant Investor Visa program gives you the chance to continue your business and investment activities in Australia, while your family can work and study here.
The Significant Investor Visa was introduced by the Australian government in 2012 as a means of facilitating investors’ access to Australian business opportunities. Any newcomer must first apply for a Provisional Visa which allows business ventures and investments in Australia for an interval for 4 years. This is the first stage of the process and it implies making an initial investment of $5 million in one of the investment categories specified by the country’s government.
There are plenty of investment options available: you can invest in real estate in Australia, in natural resources, in infrastructure, agribusiness, in governmental bonds, in deposit taking Australian institutions, corporate debt in organizations mentioned in Australian stock exchange etc. The list can go on with plenty of other opportunities. Specialists in Australian investments can offer you valuable suggestions to increase your business proficiency in this country. You can use their support to facilitate your investment process and to get faster approval of your 888 Visa.
The Significant Investor Visa offers many profitable opportunities for new investors. It has made migration to Australia easier, since application requirements are much more flexible with the new program. Qualifying for the Significant Investor Visa is not very difficult, once the primary investment has been made. There is no age restriction and you don’t even need to be proficient in English to acquire it. Moreover, the visa grants easier access to family members in Australia, so that they can work and study here. Obtaining residency is also easier thanks to the new Visa format. It’s just been a couple of years since the Significant Investor Visa has been introduced, but investments have increased considerably in this time, showing that the Australian business environment is performing really well and can accommodate new investors nicely.
Now, if you’ve already spent 4 years with the 188 Visa, you have two options at hand: you can either extend your Provisional Visa for another 4 years (you have the right to two 2 year extensions) or you can simply apply for an 888 Visa, which will offer you permanent residency rights. According to the law, new investors cannot purchase real estate in Australia, but Visa holders can invest in this sector via an ASIC managed fund. Putting money into an ASIC managed fund will make your investments safer and more profitable. Getting through all of these phases will be easier if you ask for investment assistance from local experts. They will be able to offer you their expertise in traditional investment and Australian business sectors and will also help you comply with all requirements for obtaining the 888 Visa.