Ambitious businessmen always wish to invest in a country where in they feel 100% sure of maximum profits on the investment. There are many nations that are business friendly and assure them maximum return on their investment.

Australia, the Land of Kangaroos, also known as ‘Down Under’, is one such place that is all time favorite among business professionals, courtesy its business friendly environment, liberal immigration policies and excellent environment for foreign business professionals that give them an opportunity to showcase their business talent and give them recognition internationally.

Oz is one of the few countries that give aliens complete freedom and abundant opportunities to economically prosper. The category is also famous among those who wish to become permanent residents of the country. Australia PR Visa for businessmen is most feasible for those intended immigrants who are eager to acquire Australian PR.

If you wish to become the permanent resident of the country, under the said category, there are several visa categories under which you can easily process your visa application. However, the process is lengthy and tiresome. For better understanding let’s have in-depth information about the same.

Australia PR Visa for Businessmen

Business Innovation and Investment (Permanent) Visa (subcategory 888): It is the second stage of Business Innovation and Investment (Provisional) Visa (subcategory 188).  Under the said category, you are nominated either by a territory or state or else by the Australian Government with the condition being you successfully meet the other set parameters of your provisional visa. To apply, you are not required to submit a new Expression of Interest (EOI).

Basic Requirements

You must possess a provisional Business Innovation and Investment visa (subcategory 188) and must successfully meet other parameters as well,

Or else, you hold a visa under the special category (subcategory 444) or a Business (Long stay) visa (subcategory 457IE) and meet other criteria under the stream.

Note: If you possess the Provisional Business Innovation and Investment Visa (subcategory 188), you must be able to prove that the government entity or else your nominated ally has not withdrawn the nomination.

Key Features

The primary features of the visa are as follow:

1. The applicant continues to own and manage business in the country under the Business Innovation stream, or
2. Continues investment or business activities in the nation under the Investor stream, the Significant Investor stream and the Premium Investor stream.

What can the applicants do under the category?

It is a permanent category and allows the visa holder to live and work in the country indefinitely. Besides following are some of the rights given to the holder:

1. Once applicant successfully meets other parameters he can apply for Australian citizenship.
2. Sponsor close relatives.
3. Applicant may travel in and out of the country any number of times for five years. After that he will require a Resident Return Visa (RRV) or any other visa to come back to the place.

Many businessmen see Australia as a country of opportunities, hence are keen to acquire PR there in.