Business and Investment Visa

Innovative Business and Investment Visa 188, 888, and Business Talent Visa 132

Australia is one of very few countries, which was not significantly affected by the world financial crisis during the period between 2008 and 2009. Australia is one of countries with leading social benefit and health care system. Besides, the Australian government often encourages foreign investors and business people to migrate to Australia in order to develop the economy and foreign trade. Therefore in the recent years, many foreign investors and business people around the world have visited Australia in order to seek business opportunities for investment and doing business. Many of them have migrated to Australia permanently.

Recently, many Vietnamese citizens buy investment properties in Australia. In particular, Vingroup has splurged $22.5 million buying a Sydney CBD site for a major hotel in Sydney. This explains the major attraction of Australia for Vietnamese investors.

Common Questions

Common questions regarding doing business and investing in Australia.

• Which type of business suits my experience and financial capacity?

• If I am granted a business visa, will my family be able to migrate to Australia?

• What are social security and health care plan for visa holder of business visa and investor visa?

• Do I have to stay in Australia in order to progress to Permanent Residence?

• What type of investment or business that will be most beneficial?

• I want to invest in Australian Bond, what should I do?

• How long the business or investor visa will last?

Our Registered Migration Agents and Lawyers can provide you with answers via direct communication with you no matter where you live.

The Business Innovation and Investment (Provisional) Visa (subclass 188).

Visa 188 has 4 Streams.

1. Business Innovation Stream is for business owner who want to set up a company, develop and manage a company in Australia.

2. Investor Stream: who wants to invest in 1.5 million AUD in Australian Bond in 4 years.

3. Significant Investor Stream: who wants to invest in 5 million AUD in Australian Bond in 4 years.

4. Premium Investor Stream: who wants to invest in 15 million AUD in designated investment and Australian Bond in 4 years.

For type 1 and 2, the Visa Applicant must have 65 points to be eligible for an invitation.

Business Innovation Stream

Inorder to apply for this Visa you must:

• Be under 55 years of age, unless being waived this condition.

• Invited by the State.

• Score at least 65 on the points test.

• Have an overall successful business career.

• Have a genuine desire to continuously own and maintain a management role in a business in Australia.

• Have had an ownership interest in an established business or businesses that had at least AUD500 000 turnover in each of two our of 4 recent years.

• If your business a turnover of less than AUD400 000 per year, you must own 51 per cent.

• If your business a turnover of more than AUD400 000 per year, you must own at least 30 per cent,

• If it is a publicly listed company, you must own at least 10 per cent.

• You and your spouse must own at least 800,000 AUD (in business and personal assets) and can transfer such money to Australian within 2 years after being granted a visa.

Investor Stream

Inorder to apply for this Visa you must:

• Be under 55 years of age, unless being waived this condition.

• Score at least 65 on the points test.

• Have a high level of management skill in relation to the eligible investment or qualifying business activity.

• Have at least three years' experience of direct involvement in managing one or more qualifying businesses or eligible investments.

• Have an overall successful record of eligible investment or qualifying business activity.

• Have a genuine and realistic commitment to continuing your business and investment activity in Australia after the original investment has matured.

• Have a genuine intention to live for at least two years in the state or territory in which you have made a designated investment.

You, your partner, or you and your partner combined must:

• For at least one of the five fiscal years immediately before you are invited to apply, have directly managed one of the following:

• A qualifying business in which you, your partner or you and your partner combined had at least 10 per cent ownership interest, or

• Eligible investments owned by you, your partner or you and your partner combined of at least AUD 1.5million.

• Have investment and personal assets of at least AUD 2.25 million that are available for legal transfer to Australia within two years of the visa being granted.

• Make a designated investment of at least AUD 1.5 million in a state or territory government security for 4 years.

Significant Investor Stream

You must have a genuine and realistic commitment to:

• Reside in the state or territory whose government agency nominated you.

• Continue your business and investment activity in Australia after the conclusion of your provisional visa.

• Live in Australia for at least 40 days per year (calculated cumulatively) for the duration of your provisional visa, or your spouse to live for at least 180 days per year (calculated cumulatively) for the duration of your provisional visa.

You must invest AUD 5 million: in which:

1. At least $500,000 in eligible Australian venture capital or growth private equity (VCPE) fund(s) investing in start-up and small private companies. The Government expects to increase this to $1 million for new applications within two years as the market responds.

2. At least $1.5 million in an eligible managed fund(s) or Listed Investment Companies (LICs) that invest in emerging companies; and,

3. A ‘balancing investment’ of up to $3 million in managed fund(s) or LICs that invest in a combination of eligible assets that include Australian listed securities, eligible corporate bonds or notes, annuities and real property (subject to the 10 per cent limit on residential real estate).

Premium Investor Stream: For investors looking to invest 15 million AUD in designated investment and Australian Bond.

This Visa holder can:

• Apply for visa extension if holding Business Innovative visa or Significant Investor.

• Business Innovative: can extend once more time, 2 years each.

• Significant investor: can extend twice, 4 year each.

After holding 188 visa, visa holder can apply for 888 visa (Permanent Resident).

Business Talent Visa

Business Talent Visa (subclass 132)

• The Visa Applicant must:

• Be under 55 years old.

• Have total personal and business asset of AUD 1.5 million.

• Own business asset of AUD 400,000.

• Turnover: at least AUD 3 million per year.

• The business must be not be illegal.

Why IST

Why use IST Services?

• Provide honest advice regarding visa application and the probability of success.

• Always provide update to clients regarding communication between us and the Department of Immigration and Border Protection.

• Provide the type of business which needs to be invested or carried out in order to increase the success of the business.

• Provide in depth State’s preference criteria to increase your chance of being invited by the State.

• Assist client update the business activities in accordance with the Immigration Law.

• Assist with registration of the business in Australia, buy house and properties in Australia.

• Assist with client all types of taxation issues in Australia.

• Provide advice regarding school to be enrolled for your child once you have visa.

IST can help you to

Choose the type of visa either business or investment to suit your situation
Visit Australia to explore business and investment opportunities
Assist you with setting up, manage and develop the business

Difficult Cases

You are not sure which business visa suits your situation

IST provide advice on the type of business or investment which suits your experience, management skills and finance.

You have a temporary business visa and wants to advance to Australian Permanent Residence

IST assess your business turnovers in the last several years, provide immigration advice and assist you with applying for Permanent Residence application.

You once visited Australia to explore business and investment oppoprtunity and now want to expand your business to Australia

IST provide advice on business activities which suits your situation and suitable visa type.

You currently hold a temporary business visa however you business does not generate income as required to proceed to Permanent residency and your visa will expire soon

IST helps you extend your business visa and provide advice on which business activities should be added to your business to increase your business turnovers.

You want to apply for business visa however you are not sure what State has more favorable offers to business visa holder

IST provides advice on States which have more favorable offers so that you can make the informed decision on settling down on such State.

You want to invest in Australian real estate

IST provide you with information on real estate development projects in different States and Territories and assist you with mortgage loan

Visa Refusal

Have you been refused a Business Visa due to using unreliable service or inadequate visa application? We are here to help you solve the problem.

08 6290 6968
info.vn@istservices.org

Successful Stories

In late 2014 I was granted a Business Innovative Visa 188. After notifying us about the visa, our Registered Migration Agent and Lawyer did not provide us advice regarding “what’s next” in order to proceed to Permanent Residency Business visa 888. My wife and I searched for a trustworthy Registered Migration Agent and Lawyer to seek advice regarding our obligations with visa 188 and that what we should do in order to proceed to 888 visa.

It is such a great opportunity that we came to know the Registered Migration Agent and Lawyer of IST Services. She has helped us review our business in Australia and provided advice regarding which 888 visa criteria. Currently she helps me with notifying the NSW government, business visa office about my second business which I have just registered. Now our family feel comfortable that we are clear about our obligation with the visa and positive about our next step to 888 visa.

Võ Văn Xuân

Ho Chi Minh - Sydney

I own a company with high turnover however with low income tax. I wanted to apply for an Australian business visa. However, I have concerns about whether I am eligible for an Australian business visa. After discussing with the Registered Migration Agent and Lawyer of IST Services, I was confident that I could apply for this type of visa. IST Services is currently assisting me to apply for an Australian Business Visa.

Trương Văn Hiếu

Ho Chi Minh

I have a temporary business visa. Before coming to Australia we used a visa service in Vietnam. Once we got the visa and moved to Australia, we did not know how to proceed to Permanent Residency. My spouse and I had to seek for a Registered Migration Agent in order to understand about our rights and obligations in accordance with our temporary business visa. Thanks to that, we will be eligible for the Business visa Permanent Resident in the next 6 months. We realized that if we had used IST Services before, we would have not faced so much difficulties finding the right visa services before and after moving to Australia.

Phan Đình Chiến

Hanoi

I have a temporary Australian business visa. However, after a year doing business in Australia, my company has not made enough turnover in accordance with the requirement of the Department of Immigration and Border Protection. We sought advice from IST Services and IST’s Registered Migration Agent and Lawyer advised me to open one more business to increase the opportunity to get enough turnover as required. IST Services assisted me with communicating with the State of New South Wales, Australia to inform them about the new additional business without any difficulties. I am very grateful the dedication and hard work from IST Services.

Đặng Hữu Lộc

Sydney

Note: In order to protect clients’ confidentiality, IST Services has changed our clients’ names and photos. However, the stories are based on true stories and they are proof of IST’s experience in Australian Immigration Law. IST Services are committed to keep all our clients’ information confidential in accordance to the Australian Laws.