The Significant Investor Visa also referred to as the 888 is a permanent business innovation visa that offers you permanent residency if you have met the initial requirements laid down by the government of Australia. The following guide will touch on the important aspects of the 888 Visa so that you can easily plan your move to Australia as an investor and resident.
Before you apply for the Significant Investor Visa, you must already have the 188 visa. The 888 is offered to you if you meet the simple requirements laid down by the Australian government. For one, you must have a genuine commitment in continuing with your business or investment in the country. You should have fulfilled all the requirements for owning and running a business in the country while you were on the initial 188 (provisional) visa. The minimum investment in the country must be AU$ 5 million. There are some basic turnover and full-time employee requirements, if you have a business, and they are easy to meet.
One of the best ways to apply for the 888 Visa is to get help from a visa application and financial service. When applying for the 888, it will be required that you have held your investment in the country for a minimum of 4 years. This is required to prove that you are fully dedicated to keep your business or investment in the country. Chances are that you will also be required to meet the requirements laid down by the state or territory where you have made the investment or set your business. However, if you have a company providing licensing and funds management services, you can easily meet all these requirements.
If you have long been planning to move to Australia for the high quality life and profitable business environment that it offers, the Significant Investor Visa offers an easy way into the country. The Australian government has made the criteria quite easy under this visa policy and almost anyone with a minimum capital investment of AU$ 5 million can qualify for the visa. There is no need to meet the traditional upper age limit or pass through several point tests and English proficiency tests. If you have the business capital and want to invest or open a complying business in the country, the Australian government’s doors are open for you.
You will be initially provided with the 188 provisional visa before you can apply for the 888 Visa. The requirements for applying for permanent residency under 888 are quite easy. Based on whether you have invested the minimum amount for 4, 6 or 8 years, you must have stayed in the country for at least 160, 240 or 320 days respectively. In fact, the process is quite simpler and almost everyone meeting the minimal investment requirement can qualify for this visa. If you have been unable so far to get access to the highly profitable markets of Australia, it is time to consider these innovative new visas introduced by the Australian government.
Are you looking forward to immigrate to Australia and lead a prosperous life? If you have capital of over AU$ 5 million, you must take advantage of the Significant Investor Visa. Visit this website to learn more about the 888 Visa.