Conversion from Provisional to Permanent Resident Status in Australia

People, who wish to migrate to Australia and have high net worth to invest, buy or start a business in Australia, can apply for Australia Business Immigration. Business immigrants to the country can obtain temporary residence in the nation via a number of provisional business visas. The best thing about these provisional visas is that they provide ways to obtain permanent residency in Australia.

Any individual, who is holding a Business Provisional Visa in Australia for the duration of at least 2 years, can apply for a Permanent Business Skills Visa in the country.  However, to qualify for it, one has to meet eligibility criteria along with the Provisional Visa obligations and the mandates for permanent Business Skills visa applications.

The Business Owner (Subclass 890) (Residence) visa is mainly designed to draw those investors or business people, who want to stay in Australia on permanent basis and thus to contribute in the economic growth of the nation. The overseas businessmen with one of the business provisional visas can apply for a Business Owner (Residence) visa.

This visa allows the applicants to:

  • Work in an existing business enterprise or a latest one.
  • Can travel freely anywhere within or outside of the nation, till the visa has the validity.
  • The applicants can bring their families with them.
  • Can obtain Australia PR status in the duration of five years.

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