With incredible opportunities to explore, Australia is one of the best destinations for business people seeking newer shores. Australia is a hotbed for talent and its unique location makes it a regional economic powerhouse.
The Australian Business Innovation & Investment Stream (Provisional) visa (subclass 188) allows entrepreneurs to establish or purchase a business in Australia. With the Business Innovation and Investment (Provisional) visa you can own and manage a business in Australia or conduct a business or investment activity entrepreneurial activity in Australia.
If you get a business innovation stream visa in Australia, it is a path to permanent residency that offers incredible benefits to successful applicants.
Following are the benefits of business stream innovation visa in Australia:
The right to establish a new or develop an existing business, or to invest in Australia
Unlimited travel in and out of Australia
Bring family members with you to Australia
Opportunity to apply for Australian citizenship
The opportunity to apply for permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888)
It is also possible to extend your visa for a further two years if you have applied and been granted the Subclass 188 visa under the Business Innovation stream
The Subclass 891 visa is for immigrants who wish to start a business or want to undertake investment activities in Australia. With this visa, you can stay in the country indefinitely. To be eligible as a primary applicant you must have a qualifying visa.