Investor Residence Subclass 893 Visa
Business Men are lucky as there are quite a number of visas that are made available to them by the government of Australia. Of course, only legit business men can take advantage of these Australian visa and the requirements are quite stringent so qualifying for them can be tough although it can be done especially if the business is established and legit. Business
The Business Innovation and Investment - provisional / subclass 188 is a state nominated provisional visa which is valid for four years. It is a pathway to permanent residency, through the Business Innovation and Investment (Permanent) (subclass 888) visa.
This visa is only available to business migrants who:
- hold a Business investor (Provisional) (subclass 165) visa;
- have an overall successful record of business or investment activities; and
- have significant net assets to invest in a designated investment in Queensland Treasury Corporation.
This visa allows you to stay in Queensland on a permanent basis if you have a genuine commitment to maintain your business and investment activity.
You must be nominated by a state or territory government to be eligible for this visa.
To obtain Queensland state nomination for this visa, you must demonstrate that you have fulfilled the requirements of your State/Territory Sponsored Investor (Provisional) (subclass 165) visa.
To be eligible for Queensland state nomination, you must:
- provide evidence of residency in Queensland during the two year period immediately prior to your application for this visa
- provide proof that you have maintained an investment in the Queensland Treasury Corporation for a minimum of 3 years and 9 months immediately before applying
- demonstrate a genuine ongoing commitment to live and work in Queensland
- meet the Australian Government’s Department of Immigration and Border Protection (DIBP) criteria for State/Territory Sponsored Investor (Residence) visa subclass 893 as detailed in booklet 7.
Timeframe for Nomination
Two weeks once Business and Skilled Migration Queensland has received your application and supporting documents.
- If you would like to contact Business and Skilled Migration Queensland, please contact us by phone or email.
- Nomination is granted at the discretion of Business and Skilled Migration Queensland and once a decision has been made it is final.
- Migration Review Tribunal: Business and Skilled Migration Queensland does not appeal to the Migration Review Tribunal (MRT) against decisions by DIBP to decline granting a visa to any skilled or business migration applicants nominated by Queensland.
- Applications, processing and visa approvals are wholly administered by the Australian Government through DIBP. Please do not make travel arrangements or changes to your personal situation until DIBP has formally advised the outcome of your application.