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Found 6 results

  1. A subclass 892 visa application is the most popular pathway for those who have been living in Australia as the holders of a provisional business visa under sub classes 160, 161, 163, and 164, and who are owning and managing a business in Australia. Requirements for the granting of a permanent residency visa under subclass 892 are that the visa applicant: Is the holder of one of the above provisional business visas, or a subclass 162 or 165 visa Has been resident in Australia as the holder of one of these visas for at least 1 out of the 2 years immediately before the visa application is lodged Has a genuine commitment to continue to maintain business or investment activities in Australia Has never been involved in unacceptable business activities Is sponsored by a State or Territory Government Has had direct and continuous involvement in the day to day management of up to two businesses operating in Australia for the past two years Owns at least one of the following: – 51 per cent of a business where the annual turnover is less than A$400,000 – 30 per cent of a business where the annual turnover is A$400,000 or more – 10 per cent of a business that is a publicly listed company For the 12 months immediately before the visa application is submitted to the Department of Immigration the main business (or two main businesses together) had a turnover of at least A$200,000 In addition, for the 12 months immediately preceding the lodgment of the visa application with the Department of Immigration 2 out of 3 of the following requirements must be satisfied: The net value of the visa applicant’s (or the applicant’s partner’s, or the applicant and his/her partner’s combined) assets in the main business (or two main businesses) in Australia was at least A$75,000 The net value of the visa applicant’s (or the applicant’s partner’s, or the applicant and his/her partner’s combined) personal and business assets in Australia was at least A$250,000. The business/es employed at least the equivalent of one full-time employee who is: – An Australian citizen – An Australian permanent resident – A New Zealand passport holder – Not a member of the applicant’s family. The subclass 892 visa application must be lodged before the expiry of the presently held provisional business visa, and when the visa application is lodged with the Department of Immigration an ownership interest in the Australian business/es must have been in place for at least 2 years. Clearly there is a need to plan ahead to ensure a business in Australia is not acquired or set up too late to meet the requirement for a 2 year ownership interest, and to ensure business accounts are available and State or Territory sponsorship has been secured. All of these requirements are to be satisfied at the time the visa application is lodged with the Department of Immigration’s Business Skills Processing Centre.
  2. The Business Innovation stream of subclass 188 allows individuals with an overall successful record of business activity to move to Australia with their immediate family. This pathway is suitable for those who want to establish, develop and manage a new or existing business in Australia. Applicants for this visa must be nominated by a State or Territory Government. The main qualifying requirements are that the main visa applicant must: Be younger than 55 years of age – though a state or territory can waive this requirement if the proposed business will be of exceptional economic benefit. Score at least 65 on the applicable points test. Have had an ownership interest in an established business or businesses that had at least A$500,000 turnover in each of those years for two out of the four fiscal years immediately before being invited to apply for the visa. Own at least one of the following percentages of the nominated main business: – 51 per cent, if the business has a turnover of less than A$400,000 per year – 30 per cent, if the business has a turnover of A$400,000 or more per year – 10 per cent, if the business is a publicly listed company Have an overall successful business career Have a genuine desire to continuously own and maintain a management role in a business in Australia. If the nominated main business provides professional, technical or trade services, have spent no more than half the time providing those services, as opposed to general management of the business. Have had no involvement in unacceptable business or investment activities. Have total net business and personal assets of at least A$800,000 that are lawfully acquired and available for legal transfer to Australia within two years of the visa being granted. The 188 visa is a provisional or temporary residency visa, which allows individuals holding such a visa to be in a very attractive tax position – as discussed more fully here. It has a validity of 4 years and 3 months, and before the expiry of the visa another visa must be applied for – this is usually the subclass 888 permanent residency visa. Provisional visa holders in the Business Innovation stream can apply for one extension for an additional two years so your visa can last up to six years. Requirements for the subclass 888 permanent residency visa under the Business Innovation stream are discussed here. Copyright of GM Business – a division of Go Matilda Visas and GM Tax – is your ideal partner for guidance and advice on a business visa strategy. We are Australian visa and tax advisors, so can work with you to confirm the business entities involved, and can establish and register your required business structure in Australia. As qualified accountants in Australia we can also provide ongoing support to you in an accounting and visa compliance capacity as you establish and develop your business in Australia, particularly if your objective is to secure permanent residency status in due course. We work with our clients on the basis of fixed fees, and a wish to have a long term relationship based on our expertise, trust and a quality service.
  3. sallerina

    Haemophilia Help??????!!!!

    Hi all My husband and I are desperate to move to Sydney with a view to starting a new business. My husband currently runs a design agency and has done for 24 years although we would like a completely different challenge. We are lucky that we have friends in Sydney who already run a successful business and want to start an additional new business with my husband. The problem is our son, aged 3, has severe haemophilia. Haemophilia is a bleeding disorder which means that he has almost no Factor VIII which is a clotting agent in his blood. His treatment consists of me injecting him with artificial factor VIII (so no blood or plasma product) every other day. He has had no joint problems as he is on a regime of prophylaxis which is a preventative method of treating haemophilia ensuring that he always has enough factor in his blood to ensure he lives a completely normal life. The treatment is very expensive and we are lucky that this is paid for on the NHS however would this be a barrier to entry regarding a visa to Australia??? His condition and its treatment means that he lives a completely normal life and will be able to get work etc when he is older and is not disabled in any way!!!! Does anyone here know of anyone who has successfully entered oz with this condition??? Having spoken to the Australian High Commission and various Migration experts we are told that we must begin the process of application and any health issues will be resolved during proceedings. Obviously it is a very costly process to be told half way through that Will may not be granted a childs visa as a result. I have investigated and scoured the net and discovered that the haemophilia society in Australia have put forward recommendations to Australian Immigration not to deny visas to immigrants with the condition as this would be a form of discrimination however I am not aware of the outcome. The cost of treatment is very high and possible would be more than $20,000 over 4 years however r&d is changing all the time and they are already working on a longer lasting factor which may mean in 10 years time he would only need 1 injection!!! Indeed with gene therapy he may even be cured - anyway for now all comments gratefully received!!!! Thanks for reading and I hope someone out there may be able to help us!!!!! We also have two daughters 6 and 7 and they can't stop talking about moving!!!! Until we work out whether Will may present a stumbling block we can't get excited with them!!! Thanks again Sally
  4. Hi there I don't post much but I do read a lot here as there is some great info! Would appreciate any help with this... I will join my partner next year while he studies in Australia. I will be a dependant on his student visa. I actaully have my own small business at present (and yes we have finances and understand how much it cost for him to study but he wanted to complete his degree in Australia for the experience and change! and me too! but we wondered two things. 1) Would I be able to start a part-time business in Australia while a dependant on his student visa? I have always ran a business while bringing up our child and would love to continue if the opportunity arises in Australia. 2) As I understand the working limit for me as a student visa dependant (Higher education subclass 573 assessment level 1) is 20 hours. What we wanted to know is if at any time I was eligible as a dependant to apply for a one of the business visa's available while my partner is still on the student visa? So in point having my own visa which in turn gives me a little more freedom to pursue the business side of things. We may want to do something together (as he also has working hours availble) but I heard even he can have a business visa as well as study but it is all very confusing! I am just interested to know due to my background in business and interest to continue whether I have any options to invest/start a business in Australia. I of course do not want to break any student visa rules so thought it best to ask as my partners studies are our priority of course. If anybody has any knowledge on the ins/outs of the dependant of a student visa/business visa I would be really grateful. Thank you guys and have a lovely day
  5. 163ALLOUT

    163-9 months err Not

    Hi all Very frustrated 163 business visa applicant. Has anybody recently received their visas yet? My visa application lodged November 09 still no news. I emailed the DIAC as the 9 month timeline came around. The reply I got was yes they are still working to 9 months but hadn't allocated me a case officer yet and couldn't tell me when they would. Bit confused, they state they are working to 9 months but haven't started applicants who have been waiting 9 months. I wish they would just say it'll be 12 months rather than keep you in limbo.:arghh: Sold my house and moving into rented, just the business to dispose of and then we are good to go. If anyone has had any movement please let me know. Thanks Jon W
  6. Hi there. I've been searching online for someone else in this predicament, but can't seem to find them. Wondered if anybody here had any thoughts? My wife and I lived in Melbourne for two years on 457s. When her project came to a close in March 2009, we returned to the UK but immediately put in applications for non-sponsored 175 PR visas. At that point, we thought the wait time was about 18 months. Of course, turns out now it's three years. Here's the twist ... While in Oz, I set up my own business. It took a little while to get going, but since being back in the UK, it's taken off. It's now my only business and I run it full time from the UK. All my clients are Australian, I employ Australian contractors on occasion - and I pay my taxes in Australia. The only problem is it doesn't turnover enough to meet the insane requirements for a business PR visa. I have no intention of jumping the queue - but it's obviously frustrating to me (and puts a huge strain on the business) to have to wait the full three years to get back out to Australia when I'm already paying my taxes there and have a business that's already employing me. I know rules are rules. Do I just have to suck it up, get out to Oz on short term business visas whenever I can, and try to keep the business running for the next three years? Or is there anything else I can do to speed up the PR process? Any suggestions / similar circumstances, I'd love to hear from you.
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