Australia's 888A Business Innovation Permanent Visa is an immigration policy that attracts entrepreneurs and start-ups. This visa has clear conditions, detailed application procedures and residency requirements, providing applicants with the opportunity to develop their careers and achieve permanent residence in Australia.
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Australia 888AApplication requirements:
Applicants must meet one of the following:
- Applicants for a 188A visa on or after 1 July 2021 must have held that visa for at least 3 years.
- Hold a 188A extended visa (*Due to the special circumstances of COVID-19, some applicants may be exempted).
Australia 888AApplication Process
- Submit a state government guarantee application and obtain state government support.
- Submit your visa application.
- Own and operate a business. In the 2 years before the application, the applicant must have operated or managed 1 or up to 2 principal businesses in Australia and held a direct management role.
- The applicant must have held at least the corresponding shares in the 2 years prior to the application.
Australia 888AEnglish Requirements
Applicants are required to have functional English proficiency. Applicants who do not meet the English proficiency requirements are required to pay an additional fee. If you do not have functional English proficiency, you will need to pay a second installment of fees (unless you have already paid the second installment when applying for 188A).
Australia 888AAsset and employee requirements
In the 12 months before your application, you or your spouse (or together with your spouse) must have met at least 2 of the following 3 criteria:
- The applicant must have a net asset of not less than AUD 200,000 in business or enterprise.
- The total net assets of the individual and business must be not less than AUD 600,000.
- Employ at least 2 full-time employees (employees must be Australian citizens or permanent residents, or hold a valid New Zealand passport; and cannot be your family members).
Australia 888AResidency Requirements
Meet one of the following residency requirements:
- Unless there is a special exemption due to COVID-19, you must have been physically present in Australia for at least 1 year in the 2 years before your application and meet the application requirements.
You must have lived in Australia for at least 1 year in the 3 years before your application if you:
- Invited to apply for 188A on or after 1 July 2021.
- Invited to apply for 188A on or after 1 July 2021 and hold a 188A extension category.
- 444 SCV visa approved on or after 1 July 2021.
Secondary applicants must:
- The main applicant (spouse) is invited to apply for 188A on or after July 1, 2021. The secondary applicant must have actually resided in Australia for one year in the three years before the application.
- The main applicant (spouse) was invited to apply for 188A before July 1, 2021. The secondary applicant must actually reside in Australia for one of the two years.
Australia 888AFrequently asked questions
What can be the main business of a 188A visa holder in Australia?
The applicant must operate or manage 1 or up to 2 principal businesses in Australia and hold a direct management role.
What are the English language requirements for the 888A Business Innovation Permanent Residence Visa?
Applicants are required to have functional English proficiency. If they do not meet the requirements, they will need to pay additional fees.
What are the specific provisions for employee conditions in asset and employee requirements?
Employ at least 2 full-time employees who must be Australian citizens or permanent residents, or hold a valid New Zealand passport and cannot be family members.
How to prove that you held the corresponding shares within 2 years before the application?
Applicants are required to provide relevant supporting documents to ensure that they have held at least the corresponding shares in the previous two years.
Which applicants can be exempted under the special circumstances of COVID-19?
Some applicants may be exempted due to special circumstances related to COVID-19, which may involve personal health or other special reasons.
How is net worth calculated in the 12 months prior to application?
The net worth calculation includes the applicant and his/her spouse’s net worth in a business or enterprise, ensuring that it is not less than the prescribed amount.
How do the COVID-19 exemptions to residency requirements work?
COVID-19 special exemptions may involve special provisions applicable to residency requirements, and specific operations may need to be carried out on a case-by-case basis.
What is the definition of substantial presence in Australia?
Actual residence in Australia means that the applicant has actual living and accommodation records in Australia and complies with the regulations of the Australian Immigration Department.
If an applicant has lived in Australia for one year within the three years before applying, does he need to meet the residency requirement again?
Yes, even if you have lived in Australia for 1 year in the 3 years before your application, you will still need to meet the residency requirement again.
Are there any special requirements for 444 SCV visa holders when applying for 888A visa?
When applying for an 888A visa, holders of a 444 SCV visa must have lived in Australia for at least one year in the three years prior to the application and meet other relevant conditions.
The Australian 888A Business Innovation Permanent Residence Visa provides a unique opportunity for applicants who are interested in starting a business in Australia. Based on meeting clear conditions and requirements, applicants will have the opportunity to build their own business in Australia and ultimately realize their dream of permanent residence.
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