AustraliaImmigration Program

Overview

Australia boasts a high quality of life, cultural tolerance, steady economic growth, and socio-political stability. The country operates dozens of visa streams, envisioning the issuance of residence permits, some with clear path to citizenship.

Australian visa streams cater to individuals seeking to visit, reside, or work in the country. The options range from visitor visas to student visas, family and partner visas, business and investor visas, retirement visas, medical visas, as well as humanitarian and refugee visas. The choices are comprehensive and diverse.

Among this assortment of visas, one category that garners substantial interest is the Business Innovation and Investment (Provisional) visa, subclass 188. This particular visa category encompasses several distinct streams, each tailored to specific circumstances and aspirations. The available streams include the Business Innovation stream, the Investor stream, the Significant Investor stream, the Business Innovation Extension stream, the Significant Investor Extension stream, the Premium Investor stream, and the Entrepreneur stream.

Eligibility

Australian visa streams encompass a variety of eligibility criteria. Nonetheless, every applicant must satisfy the general health and character requirements established by authorities. Additionally, providing evidences of the source of funds is mandatory. Investor visa applicants need to have a nomination from Australian State or Territory.

Benefits

Pathway to Citizenship

By maintaining legal residency for a period of five (5) years and meeting the necessary minimum requirements, foreigners can become eligible for Australian citizenship.

Security and Lifestyle

Australia offers a secure living environment with one of the world's highest standards of living.

Healthcare and Education

Gaining Australian residency provides the opportunity to access high-quality healthcare and education services.

Social Welfare System

Access to Australia’s social welfare system ‘Centrelink’ after 2 years of holding permanent residency. The system provides social security payments and assistance.

Dual Citizenship allowed

Foreign investors are not required to renounce their existing nationality when obtaining Australian residency and citizenship, as Australia allows dual citizenship.

Family Inclusion

Investor’s spouse or partner and children under 18 years of age or dependent children between 18-23 years of age are also eligible to apply.

Investment Options

Business Innovation and Investment (Provisional) visa (subclass 188)

Investor together with the spouse/partner must have total net business and personal assets of at least

AUD 1,25 million (USD$ 803,000)

Other Requirements

At least 65 points during the test;

Submit evidence showcasing the success of your business (including annual turnover and ownership stake);

Genuine aspiration to possess and oversee a business in Australia

Possess business(es) with an annual turnover of a minimum of AUD 750,000 for two out of the four financial years preceding the application.

VISA COST: From AUD 9,450

INVESTOR STREAM VISA (subclass 188)

Investment of at least

AUD 2,5 million (USD$ 1,6 million)

The investment of AUD 2.5 million must be allocated as follows:

At least AUD 500,000 in venture capital and growth private equity funds targeting start-ups and small private companies.

At least AUD 750,000 in approved managed funds focusing on emerging companies listed on the Australian Stock Exchange.

A ‘balancing investment’ of at least AUD 1.25 million in managed funds

Other Requirements

At least 65 points during the test;

Experience of at least three years;

Possession of net assets totaling at least AUD 2.5 million, owned by the applicant and/or spouse, in the two fiscal years leading up to the application date, supported by appropriate documentation

Investment must be maintained for at least five (5) years. If withdrawn, visa will be annulled.

VISA COSTS: Main Applicant: From AUD 9,450
family members over 18 years old: AUD 4,725
family members under 18 years old: AUD 2,365

Significant Investor Stream - SIV (subclass 188)

Investment of at least

AUD 5 million (USD$ 3,2 million)

The investment of AUD 5 million must be allocated as follows:

At least AUD 1 million in venture capital and growth private equity funds targeting start-ups and small private companies.

At least AUD 1,5 million in approved managed funds focusing on emerging companies listed on the Australian Stock Exchange.

A ‘balancing investment’ of at least AUD 2,5 million in managed funds

Other Requirements

Commitment to retaining the investment throughout the visa duration;

Residing in the State or Territory where the investor had been nominated;

VISA COST: From AUD 13,860.00

Application Process

Step 1 : Internal Due Diligence and Qualification Assessment

Bayat Legal Services’ compliance team will conduct an internal due diligence check, which entails a background security screening of the applicant, Preparation of KYC (Know Your Client) and a qualification assessment.

Step 2 : Study the Application and Agreement Signing

Bayat Legal Services will meticulously analyze the client's case. Once this is done, the client will proceed to sign a retainer agreement with the firm. Subsequently, Bayat Group will curate filing forms. Submission of an Expression of Interest (EOI) letter must be done through "Skill Select" platform to attain nomination from a State or Territory Government.

Step 3 : Collecting Documentation

All required documents must be scanned in color, however, there is no need to certify them, but non-English documents must have the accredited translation.

Step 4 : Application Submission

All applications for Australian residency must be filed through the online portal developed by the Department of Home Affairs, Immigration and Citizenship division. Once nomination is attained and an invitation to apply is received, applicants are required to submit their online visa application within 60 calendar days. (www.immi.homeaffairs.gov.au/

Step 5 : Review of the Application & Decision

The applicant will be provided with a written notification of the visa decision. In case of approval, the applicant will receive details regarding the visa grant number, its commencement date, and associated terms. Should the visa application be denied, the applicant will be duly notified of the grounds for refusal and their entitlement to request a review of the decision. The application fee will not be reimbursed, in case of denial.

Step 5 : Issuance of Residence Permit

After receiving visa application approval, the investor will be instructed on the complying investment timing. Once the investment is made, the temporary visa is granted for up to five (5) years (extendable to 9 years) with a mandatory minimum physical residency in Australia.