- May 15, 2023
- Posted by: Albert Greca
- Categories:
About Australia
Australia ranks as one of the best countries to live in the world by international comparisons of wealth, education, health and quality of life. The sixth-largest country by land mass, its population is comparatively small with most people living around the eastern and south-eastern coastlines. The country’s first inhabitants, the Aboriginal people, are believed to have migrated from Asia tens of thousands of years before the arrival of British settlers in 1788. They now make up less than 3% of Australia’s population. Years of mass immigration after World War Two have led to sweeping demographic changes, making modern Australia one of the world’s most multicultural countries.
Why Australia?
Australia’s Business Migration Program offers a number of benefits namely:
- Operating a new or an already existing business in Australia;
- Having a pathway to Australian PR leading to Australian citizenship and an Australian passport;
- Travelling to Australia with your partner and children;
- Free primary and secondary education for your children in Australia;
- Pathway to Australia’s public healthcare scheme – Medicare.
Australian Business Migration Pathways
For new or existing business investors and entrepreneurs interested in taking their business and investment activities to Australia. The subclass 188 visa has four streams for applicants with overall successful business careers:
- Business Innovation stream (subclass 188A);
- Investor stream (subclass 188B);
- Significant Investor stream (subclass 188C); and
- Entrepreneur stream (subclass 188E).
Each stream has its own set of eligibility requirements for business migrants looking to move to Australia. The eligibility requirements for each stream includes:
Business Innovation stream (subclass 188A)
- Being nominated by an Australian State or Territory government;
- Own personal and business assets worth AUD1.25 million;
- Having an annual turnover of AUD 750,000.
Investor stream (subclass 188B)
- Being nominated by an Australian State or Territory government;
- Making investments worth AUD2.5 million in Australian businesses;
Significant Investor stream (subclass 188C)
- Being nominated by an Australian State or Territory government;
- Being able to invest at least AUD5 million in qualifying businesses in Australia;
Entrepreneur stream (subclass 188E)
- Being nominated by an Australian State or Territory government;
- Undertaking, or willing to undertake, a complying entrepreneur activity which will lead to the commercialisation of a product or service in Australia after immigration;
- Undertaking, or willing to undertake, a complying entrepreneur activity which will lead to the development of an enterprise or business in Australia after immigration;