Business migration: A “bulletproof” route to permanent residency for business owners

In the wake of the recent Australia-India Economic and Trade Cooperation Agreement (AI ECTA), business migration has gained momentum in India as the visa program allows Indian business owners to obtain permanent residency in Australia.

Gisella Ali, Melbourne-based ‘Visa 2 Land’ business visa specialist, explains that the program is “a comprehensive family migration, allowing family members to work, study or run a business in Australia” . Permanent residency is granted after 3 years, allowing family members to access FEE-HELP (College Student Loan Program) and enroll in Medicare.

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With no English language requirement and up to the age of 55, the Australian Business Visa 188-A is a great opportunity for Indian business owners who intend to expand their business in Australia or start a brand new business in Australian states.

It is nominated by the various Australian state governments, with the State of Victoria naming overseas companies involved in STEMM (science, technology, engineering, mathematics and medicine). Similarly, New South Wales invites business owners who run a business in food manufacturing, technology, renewable energy or agriculture.

Other Australian states such as SA, TAS, ACT, QLD and WA require business owners to show an annual turnover of AUD 750,000 (around INR 43,000,000) for at least 2 years in the past 4 last years.

Australia also offers a business visa for investors, the Significant Investor Visa (SIV), with no age limit, no academic qualifications or English language requirements. Individuals willing to invest $2.5 million or $5.0 million for a four-year term in ASIC-regulated managed funds facilitate permanent residency. Semi-annual interest payments (dividends) are paid into the investor’s designated bank account for the duration of the term, and the performance of the fund does not affect the transition to permanent residence.

One of the best things about the Significant Investor Visa is that you only need to reside in Australia for 40 days a year (or your spouse lives in Australia 180 days a year) to become a permanent resident, says the business visa expert Gisella Ali from Melbourne. based Visa 2 Land.

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