Australia is one of the world’s strongest economies, which makes it an attractive destination for corporate migration. Before the recent pandemic, Australia was buzzing with opportunities for business migration from all over the world. While the disease disrupted international travel, the post-pandemic influx of businesses is more innovative and successful than ever.
Business Innovation and Investment (Permanent) visa (subclass 888)
To qualify for a Business Innovation and Investment (Permanent) Visa (Subclass 888) for Migration Solutions corporate migration Adelaide, the primary visa holder must invest A$200,000 in a business within 12 months before applying for the visa. The business must also have two full-time employees who are either Aust citizens, PRs, or NZ passport holders. In addition, the business must have been established for two years and have an Australian Business Number (ABN). Furthermore, it must have been operating in Australia for at least two years, and both the primary visa holder and the business partner must abide by the laws of the states/territories in which they operate the business. Lastly, the business must have paid off any outstanding Australian government debts.
The Business Innovation and Investment (Permanent) Visa (Subclass 888) for corporate migration to Australia aims to attract overseas investors who can establish a business in Australia. The visa is granted for five years and allows the applicant to manage the business in Australia. In addition, the investor must have made a significant investment in the business and reported the fund’s transfer.
English language requirements
Applicants must have a functional or academic English language test. The test results must be within three years of the visa application date and show the applicant has current English language proficiency. Applications with older test results will not be approved. In some cases, applicants may be able to satisfy the requirements based on other credentials. For example, they may be able to speak and write in functional English.
For the primary Subclass 457 Visa, applicants must have a 4.5 overall score in English. Applicants wishing to apply for permanent residency may be able to demonstrate their English language proficiency by taking the IELTS test.
Business assets lawfully acquired in Australia
There are strict rules and regulations in place in Australia when it comes to the transfer of business assets. For example, suppose you own a company in another country and wish to transfer its business assets to an Australian company. In that case, you will need to be a resident of Australia for at least two years. Therefore, it is also imperative to ensure that the assets were acquired legally in the country and can be transferred within two years of the grant of the visa.
To be eligible to apply for an Australian business visa, you must have at least $A2.25 million in net business assets and investment funds. Your investments cannot be used as security for loans. However, Australian government bonds, exchange-listed entities, and wholly-owned subsidiaries of an Australian-listed entity are not considered qualifying assets. Other assets that do not qualify include real estate in Australia.
Business recovery officer
Whether you’re looking for corporate migration assistance in Australia or need assistance with your business’s current situation, a business recovery officer can help. The job of a business recovery officer is to identify and analyse business risks and then recommend the best course of action. It may include a sale of the business or restructuring to avoid liquidation.
Cost of a corporate migration to Australia
The cost of Migration Solutions corporate migration Adelaide depends on many factors. The fees charged by migration agents depend on their service level and location. Some migration agents may be cheaper than others, so checking the fees before making the final decision is advisable. You can also migrate to Australia without the help of a migration agent, but it’s recommended to work with a registered migration agent. These professionals are familiar with the process and are likely to spot problems before they happen.