Month: March 2021

Want to work and live in Australia permanently as a resident? You require a business innovation and & investment visa (subclass 188). The visa allows individuals to own and administrate a new or existing business in Australia and live permanently as a resident in the country. A person after getting this visa can continue his business or other investment activity in Australia and get citizenship of Australia.

What is a Permanent Visa (Subclass 888)?

This visa is a second stage application for permanent citizenship or residency for holders of Business innovation & investment (provisional) visa (subclass 188).

The Subclass 888 Visa Has Five Eligibility Streams

1. Business Innovation Stream

2. Investor Stream

3. Significant Investor Stream

4. Entrepreneur Stream

5. Premium Investor Stream

1. Business Innovation Stream-

This visa allows people stay permanently who have held a Business Innovation and Investment visa (subclass 188) in the Business Innovation stream.

Eligibility- A person should hold a subclass 444 visa or subclass 457 visa and able to show ongoing business involvement.

2. Investor Stream-

With this visa, you can continue your investment activities and stay in Australia permanently.

Eligibility- Person should have a subclass 188 in the investor stream and a designated investment of AUD1.5 million for 4 years.

3. Significant Investor Stream-

This visa lets you continue your investment activities in Australia permanently.

Eligibility- Must have held a complying investment for 4 years of AUD 5 million

4. Entrepreneur Stream-

These visa holders stay permanently who have a Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur Stream.

Eligibility-  Should be entrepreneur stream for 4 years and residing in Australia for at least 2 years.

5. Premium Investor Stream-

With this visa, you can conduct investment activity in Australia permanently.

Eligibility- A complying investment of AUD15 million.

All Business Innovation and Investment visa costs AUD 2,590 for the main applicant and there are no standard processing times available for all streams. (Reference)

For legit businessmen who wanted to start a new business in Australia, or wanted to invest in Australia.

The Australian government provided many visas like 188 Visa that are specially made for Business Men. Genuine businessmen can take the benefits of all these Australian visas. The requirements for applying are very rigid. Appearing for visas can be tough although it tends to be done particularly if the business is set up and genuine.

Provisional 188 visa is a state-designated provisional visa that is valid only for 4 years. It is also a way for permanent residency, through the Business Innovation and Investment (Permanent) (subclass 888) visa.

Validity for 188 Visas

The validity of a short-stay visa is for up to 3Months only, which can not be extended. You are allowed to stay in Australia until the immigration department will give you the next date. Other visas are the way to permanent residency yet necessities should be met before PR visas are allowed.

There are other ways to get permanent residency, all you need to fulfil all the requirements before granting you the PR Visa. 

How this Visa works

Business Visa-188 (Provisional) can be given to those businessmen who want to set up a new business or wanted to invest in Australia. These visas can be a perfect way to get PR in Australia.

  • The Business Innovation stream for those businessmen who own a business and managing the existing business in Australia.
  • The Investor stream is beneficial for those people who are ready to make the investment of at least 1.5 million AUD in an Australian state or territory.
  • The Significant Investor stream is for those persons who will invest at least AUD 5 million into consenting interests in Australia after the original investment has matured.

Requirements:

  • Submit your application before applying for the visa 
  • You should have a strong business and investment history 
  • Proof of adequate business
  • You should be nominated by the state or territory government.

These are the 3 streams and their timeframe for Nomination:

  • 2 weeks for Business Innovation stream 
  • 1 week for Business Investor stream 
  • 1 week for Significant Investor stream

Investor Stream

These are the things that you have if you are applying:

  • Must be younger than 55 years of age.
  • Need to score at least 65 Innovation Points on the test.
  • Have a high level of management skill
  • Have at least 3 years of experience of direct involvement.
  • have total assets of at least AUD2.25 million for the 2 fiscal years immediately before you are invited to apply.

Business and Innovation Stream

  • Should be younger than 55 years of age,
  • Scored at least 65  Innovation Points on the test
  • have a total annual turnover of at least AUD500 000 in at least two of the 4 fiscal years immediately before you are invited to apply
  • Percentages of two main businesses:

You should own at least:

  1. 51% of business with a turnover of less than AUD400 000 per annum
  2. 30% of a business with a turnover of more than AUD400 000 per annum
  3. 10% of a publicly-listed company

Significant Investor Stream

If you are choosing a significant investor stream then prepared to invest at least AUD5 million for the following ‘complying investments’:

  • Commonwealth, state or territory government bonds
  • Need to manage funds that mandate for investing in Australian assets.
  • Manage the funds related to infrastructure projects in Australia, bonds issued by Australia state or territory government, trusts listed in any Australian Stock Exchange, real estate in Australia, Australian agribusiness or ASIC regulated fund & investments
  • Direct investment into private Australian organizations not listed on any ASX. You must obtain an ownership interest in the company. The company must:
    • Genuinely operated business in Australia
    • Company should be registered with ASIC
    • Company should have an Australian Business Number (ABN).

This guide is intended to facilitate international investors and organizations looking to establish a company in Australia.

Global Investors must take several factors into account when deciding how to enter the Australian market or establishing a business in Australia. In general, investors must decide whether to form a new company, register as a foreign company, or expanding an existing company.

When starting a new business, there are several business structures to choose from, each with its own set of regulatory and tax considerations. Businesses may also need a trademark, and online, and/or a physical presence to establish their identities.

The Australian Government provides a wealth of online information to assist investors in making decisions that are appropriate for the nature of their business.

1.Choosing a business structure

Australian Government has a set of common structures that Investors can utilize while building up a business. Sole traders, partnerships, trusts, and companies are the four primary types. 

Financial backers must carefully consider cautiously which design is best suited according to their business requirements. The business structure will decide the necessary licenses for work, tax and legal implications.

2. Set-up an Australian company

Global Investors keen on entering the Australian market may wish to set up another Australian company or build up another Australian subsidiary that additionally works as an Australian organization. 

Australian organizations are consolidated organizations that are additionally distinct legal entities

Organizations in Australia should be enlisted with the Australian Securities and Investments Commission (ASIC).

3.Enrolling as a Foreign company

Foreign entities may wish to carry on business in Australia as a Foreign organization. The Australian Securities and Investments Commission (ASIC) traces the rules which characterize Foreign organizations and the rights Foreign organizations hold in Australia. 

4.Procuring an Australian Company

Procuring an existing Australian company could be a better option than forming a new or subsidiary company.

The Australian Securities and Investment Commission (ASIC) regulates business in Australia. ASIC maintains a record of all regulatory and guidance documents pertaining to corporate takeovers. Investors interested in owning an Australian company should refer to ASIC acquisitions and rebuilding operations.

Foreign investors who want to acquire Australian companies may need to request a formal proposal. Investors need approval from the Australian Foreign Investment Review Board (FIRB). FIRB reviews plans and advises the Australian Government on whether they are appropriate for acceptance under government policy.

5. Listing on ASX (Australian Stock Exchange)

Both Australian and global organizations may apply for listing their business on the ASX. To get and keep an ASX posting, organizations need to meet the recommended necessities set out in the stock exchange posting rules. This includes organization exposure and detailing necessities. 

6. Enrolling a trademark and domain name

Organizations entering Australia will need to protect their rights and keep others from utilizing their name by enlisting a trademark and domain name.

The Temporary Graduate visa (subclass 485) allows students who want to live, study and work in Australia on a temporary basis after completing their studies.
The Temporary Graduate subclass 485 visa is a work visa for international students who have finished 2 years of study in Australia. It can last between a year and a half and 4 years relying upon your circumstance.
It is a decent method to stretch out your stay in Australia to improve your chances of getting qualified for a permanent or provisional skilled visa.
The candidate looking for a Temporary Graduate 485 Visa should be in Australia while making their application for the 485 visas and should be having a qualified student visa within a 6-month time frame preceding lodgement.
This is a temporary visa. Students can access up to two of these visas: a second 485 can be allowed to understudies who graduated from a Regional University or organization. This visa permits students to remain in Australia for up to four years.

To apply, a candidate should meet the following criteria:

  1. Age should be under 50 years
  2. Have an eligible visa
  3. Student visa should not be more than 6 months
  4. have a qualification in a CRICOS-registered course
  5. select just one stream – After applying there is no possibility to change visa streams.
  6. attach specified proofs when you apply.

The Department is thinking about choices for influenced students both in Australia and abroad because of COVID-19.
The new COVID-19 Concessions for Subclass 485 (TR) are to guarantee candidates are not impeded by conditions outside their ability to control, including border closures, restrictions imposed on businesses and the general economic downturn related to COVID-19.
The new changes revise the application requirements and visa measures for the Subclass 485 (Temporary Graduate) visa, to help international students, by permitting applications for this post-study visa to be produced using outside Australia during a concession period. The alterations additionally permit the visa to be granted to a candidate who is outside Australia. Preceding this change, all candidates were expected to be in Australia to apply for the visa and after fulfilling this condition visa was allowed. These amendments are expected to offer former students a chance to go back to Australia by acquiring a visa the legitimate way. They can get back and relive the time they have spent in Australia.

The new changes are:

  1. Permit candidates need to apply and should truly be a Subclass 485 visa while being outside Australia during a concession period;
  2. Permit applications to be made from outside of Australia during a concession period without the standard requirements to have held a student visa within a 6-month time frame immediately before preceding making the application.
  3. Stretch out the time frame to meet the Australian Study Requirement (for example the time frame between finishing the study and applying for the Subclass 485 visa), from 6 months to 12 months for candidates kept from getting back to Australia because of COVID-19 travel limitations.

The Australian government is developing a strategy to make Singapore a quarantine gateway, tourist destination and vaccination center for returning Australians, international students and business travellers.

The deal would help to boost the economy of Australia and clear the log jam of approx 40,000 Australians stuck overseas. Also, reopen the multibillion-dollar international student market at Australian universities, which has been smashed by the international border closure.

Australians would also be allowed to travel to Singapore for work purposes or leisure without any quarantine restriction. New Zealand could also be involved in what would become a three-way travel bubble that the government will be running up from July or August.

Mr. Dan Tehan, Minister of Trade, and Mr. Stuart Robert, Minister of Government Services, guiding the strategy and overseeing behind-the-scenes policy activity. Mr.Tehan confirmed he had discussed the plan with his Singaporean coordinator Chan Chun Sing.

Mr.Tehan said Singapore is eager to collaborate with Australia on a proof of vaccination certificate and our officials have decided to unite on this. Under the plan, Singaporeans who have received their vaccination will be free to travel to Australia for work, research, or vacation without any restrictions of hotel quarantine for two weeks.

Alternatively, a person who received a COVID-19 vaccine in Singapore and obtained a Singapore “proof of vaccination” certificate, which will be recognized by Australia, could speed up their entry into Australia and potentially avoid a hotel quarantine or a one-week quarantine.

Using Singapore to repatriate Australians and resume tourism and business travel would significantly relieve pressure on hotel quarantine systems in the states and the federal government’s Howard Springs facility.

After Covid-19 imposed border restrictions, newly appointed Immigration Minister Alex Hawke announced today that the government intends to allow temporary visa holders to return to the country as soon as possible, including international students and visitors.

Immigration Minister, Mr. Hawke said the government is planning to open the international border soon. COVID taught us one thing, and that is, we must cherish tourists to our economy and temporary visa holders. Mr. Hawke said we want them back as soon as possible. He believes that migration will be crucial to Australia’s recovery from the coronavirus pandemic.

That’s why the government is expanding our vaccination program and planning to open our international borders so that we can have visitors in our country who spend so much money and also, international students which is largest export sectors of our country, they both add value to the Australian economy. Mr. Alex said we want them back.

Mr. Alex Hawke’s statement comes as the latest data from the Ministry of Home Affairs shows that offshore international students’ visa applications have dropped by 65% in the second half of 2020 relative to the previous year 2019. He also said the biggest drop has been seen in visa applications from India- which is the largest source of students to Australia.

Mr. Hawke said he believes that international students visa applications will surely rise once they reopen the country’s border because we have the best education system internationally.

Australians could travel freely around the country without any border restrictions since Covid-19. The entire country is enjoying free travel across interstate borders without having to undergo quarantine. It is the first time Western Australia has no quarantine requirements for any state since border restrictions were introduced last April.

Under WA’s control border system all states are now classified as “ very low risk”. Australians are really happy now they can travel anywhere and can meet their friends and family without any restrictions.

It is good news for international students who are going to study in Australia as there are no quarantine requirements. It will be helpful for students to save money on quarantine expenses. Now students can easily travel to Australia for studies and fulfil their dreams.

The Australian government is also introducing work opportunities for students so they can manage their daily expenses. The Australian government is doing everything for international students so they can easily get admission to Australian universities.

Opening the interstate border can rebuild the Australian economy and secure Australia’s future. Due to Covid-19 Australian economy has reached its first recession in almost 30 years but now the government is introducing an economic plan that would generate opportunities and restore the economy.

Also, the Covid-19 vaccine has come to Australia, soon everyone will get vaccinated and we will get rid of coronavirus so there is no possibility that the border will close anytime now.

Australian Government has announced to focus on Australian values for visa applicants 2021. This will focus on values like equality, respect, freedom and the rule of law.

Immigration Minister Alan Tudge said that there will be now one statement for both permanent and temporary visa applicants that confirms they understand the Australian values, its people and way of life.

“Our common qualities join us as Australians and support the opportunity and thriving that makes our country so alluring for the large numbers of immigrants who decide to visit, work and settle here.” Alan Tudge added.

The Australian Government’s focus is to enable immigrants to take a full part in the community as they become part of Australia.

Alan Tudge said “Immigrants who want to settle in Australia permanently will also have to make reasonable efforts to learn English, so they can fully participate in the community and have the best possible chance to get a job. There is no new test or threshold associated with this change.”

As recently reported, the new Australian Citizenship Test​ will be more grounded center around Australian qualities that happened on 15 November.

These changes are a part of the Morrison Government’s $62.8 million investment in protecting Australian social cohesion, which builds on the $71 million social cohesion package announced in March 2019.

Who Should Sign the Australian Values Statement?

Provisional, permanent and temporary visa applicants who are aged 18 years or over have to sign or accept an Australian Values Statement at the time of submitting their application, acknowledging Australian values and undertaking.  It has to be signed by immigrants before being granted a visa.

Australians will be approached to acknowledge another “risk framework” that opens the economy in Australia.

Prime Minister Scott Morrison is asking states and territories to acknowledge another standpoint that puts a need on the Economy Recession, announcing “the risk has changed” since the intense limitations of a year ago. 

The government approach underscores the strength of the economic recovery and means key businesses, e.g, travel and the travel industry should hang tight for additional help to supplant the $101 billion JobKeeper plot when it stops toward the finish of this current month. 

Mr Morrison and key cabinet ministers restrict expanding the paid sponsorship for selected businesses and will offer focused on awards for areas experiencing international travel bans. 

“The 2020 reaction to COVID-19 should be distinctive in 2021. Why? Since the danger has changed and I expect the choices made for this present year ought to be not quite the same as a year ago.” Mr Morrison said on Tuesday.

While the work is in its initial days, government authorities said the states and territories gave off an impression of being manageable to the proposals, which could prompt a more bound together way to deal with easing restrictions and avoiding state border bans. 

It is not about health because health risk decreased but it’s about the Economics risk, effect on livelihoods, and impact on regions, Mr Morrison said at The Australian Financial Review Business Summit. 

“Also, it is significant that all premiers, CM, PM settle on choices that are truly similar with the new risk framework that we are facing this year as compared with last year.

The government message is in accordance with the position taken by Ms Berejiklian as of late on living with COVID-19 similarly the local area has gotten familiar with living with yearly flu outbreaks.

“Don’t take me wrong – Australia’s doing very well in reacting to COVID, Ms Berejiklian said on Tuesday.

“But speculate the economic opportunities for us moving forward, and the opportunity of our residents, if we assess the danger in a sensible manner.

“At the point when you’ve vaccinated wide range of people who are high danger of getting the infection, indeed, at that point you do have to consider what is next in terms of easing restrictions and in any event, considering past Australia’s borders what that implies later on.” 

Ms Berejiklian called the Internal boundary controls a “humiliation” and said she required public consistency so employers could have sureness about what’s to come. 

Around 39,000 Australians are enrolled with the Department of Foreign Affairs as expecting to return. Since December 23, 20,567 people have returned, and nine government endorse flights have gotten back somewhat more than 1700 in that time. 

Labor representative Kristina Keneally said occupants were in effect abandoned by the Government. 

“The Prime Minister announced 20 charter flights, that we intended to have them all home by Christmas, nonetheless, what we know from the COVID board today is there are no genuine plans,” she said. 

“In the event that you’re stranded Australian, you would notice the current hearing and pulling your hair out in f and dissatisfaction.”

“If you’re a stranded Australian, you’d be watching today’s hearing and pulling your hair out in anger and disappointment.”

Prime Minister, Scott Morrison, has announced the international travel services resume by October 2021 after consideration of the vaccinated adult population. The opening of the international border would rely on various factors.

The Australian government would be able to consider international flights after the adult population of Australia has been vaccinated against COVID-19. “That’s our hope and expectation,” Mr Morrison said.

“We would need to keep an eye on COVID-19 vaccines and their results,” Mr Morrison said.

Mr Morrison said that all these decisions would rely upon travellers medical conditions on arrival. Also added that their government is planning on whether quarantine upon arriving in Australia would be required or not at all for international travellers.

Discussions are going on with National Cabinet over how the recommencement would work in terms of quarantine arrangements.

“It is very encouraging that we are now getting a lot more data from the rest of the world.” 

“Our goal is to ensure consistent responses to the lower risks as the vaccines prevented people from going to hospitals,” Mr Gaetjens told a Senate inquiry.

However, the aviation sector of Australia is flexible and would be prepared for take-off no matter the date.

Qantas CEO Alan Joyce has welcomed a $1.2 billion tourism package from the Australian government. Travellers will have access to 800,000 half-price airfares to 13 tourism-reliant regions.