Increasing numbers of business migrants who wish to invest in Australia are also looking forward to making Australia their home. The permanent resident status in Australia enables the business migrants and their family members to stay, work, live and study in Australia permanently. As a permanent resident of Australia, the business owners and investors get much more operational advantages.
As such there are various visa pathways that lead to permanent residency in Australia. Two chief pathways among them are through skilled migration or business migration. The Australian immigration system is points based that ensure people coming to stay in Australia as permanent residents make a significant contribution to the country’s economy and society.
The PR visas are issued to highly skilled people or people with skills that are in demand in Australia or high net worth individuals who are keen to invest a substantial amount in the Australian economy.
Business Innovation and Investment Visas (issued on a temporary basis under subclass 188) provide the investors with a clear pathway to Australia Permanent Residency after 1-4 years depending on the business visa category.
Before you are considered for permanent residency in Australia, you should have cleared any dues you owe to the Australian government agencies. Arrange for full clearance of your loan amount before you apply for PR Visa. Also, it is essential that you meet health and character requirements along with other criteria – of being still nominated by the Austrade or State or Territory government agencies at the time of application to Australia PR.
Check out different pathways to Australia PR through business and investment visas:
Pathway to Australia PR through Business Innovation Visa:
You can apply for permanent residency in Australia through business innovation & investment visa category. To be eligible to apply for PR, you must have held provisional visa (subclass 188) for at least one year, and meet the financial requirements. You are expected to prove your continual business interest in Australia by regular investments and hiring local workers in your business enterprise.
Pathway to Australia PR through Investor Visa:
Investor visa is another pathway for gaining PR status in Australia. For that, you need to hold the provisional investor visa for at least two years before applying for Australia PR. Not just that! You should show through steady investments that you have sustained business interests in Australia and the nominated state for the last 4 years at the least.
To apply for Australia PR through Significant investor visa, you need to hold the provisional or extension visa under significant investor category. You must have stayed in Australia for at least 40 days in a year for a designated duration (mentioned in your provisional visa) to be eligible to apply for permanent residency in Australia. You must demonstrate your continued interest in business and investment in Australia by steadily investing for a minimum of four years in the state that has nominated you.
For a Premium investor visa holder, the residence period requirement is for one year, before applying for PR in Australia. Of course, you should be on your provisional visa for this one year. You should hold stipulated investments and be nominated by the Commonwealth Government to be able to apply for Australia PR.
Pathway to Australia PR through Entrepreneur Visa:
Entrepreneur visa lets you apply for PR if you have lived in Australia for four years and ensured a stable flow of investment and continuous business activities for this period.
For obtaining Permanent Residency in Australia through investment visa pathways you need not submit a new Expression of Interest. However, it is a must that your nomination by the state, territory, Austrade or Commonwealth government (whichever is applicable) must continue.
Investments are the sure-shot pathways to Australian permanent residency and require a thorough preparation.
At DMS, the team is well experienced in handling investor visas. We take the investment visas through provisional to permanent status all the while guarding the investors’ interests and requirements. You can reach us to know more about the Australia PR option through investments.