Guest The Pom Queen Posted April 16, 2017 Share Posted April 16, 2017 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. Quote Link to comment Share on other sites More sharing options...
quake Posted May 2, 2017 Share Posted May 2, 2017 HiCould you please send me a private message with your contact details so that I can get in contact with you..ThanksTroySent from my iPhone using Tapatalk Quote Link to comment Share on other sites More sharing options...
Nemesis Posted May 2, 2017 Share Posted May 2, 2017 3 hours ago, quake said: Hi Could you please send me a private message with your contact details so that I can get in contact with you.. Thanks Troy Sent from my iPhone using Tapatalk Why don't you just pm her? That's the way people usually contact Forum Admin! Quote Link to comment Share on other sites More sharing options...
Skani Posted May 3, 2017 Share Posted May 3, 2017 9 hours ago, quake said: Hi Could you please send me a private message with your contact details so that I can get in contact with you.. Hi Troy....You do realise that the Pom Queen is the owner/administrator of PIO and is just copying information from Quote Copyright of GM Business – a division of Go Matilda Visas and GM Tax If you want info about the 188 visa you should contact the company directly. Quote Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted May 3, 2017 Share Posted May 3, 2017 Contact @Alan Collett he is the author of the original post and can help. Quote Link to comment Share on other sites More sharing options...
Alan Collett Posted May 4, 2017 Share Posted May 4, 2017 On 03/05/2017 at 5:54 AM, quake said: Hi Could you please send me a private message with your contact details so that I can get in contact with you.. Thanks Troy Sent from my iPhone using Tapatalk Hi Troy. PM sent to you. Best regards. Quote Link to comment Share on other sites More sharing options...
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