Is it easy for Australian 188a immigrants to change permanent residence?

Original link: Learn about Australian venture capital immigrants (188A) and how to change from 888 to permanent residence.

188A temporary visa for business innovation is one of the three categories of Australian business immigrant 188 visa, and it is also the easiest visa for China investors to obtain at present.

The Australian government hopes to attract truly innovative professional technical and management talents to do business and start businesses in Australia, inject capital into Australia and create employment opportunities.

This kind of visa is mainly aimed at two types of applicants: legal persons and corporate shareholders.

Before submitting the visa application for 188A, the applicant must first submit the EOI and obtain the guarantee from the Australian state government or territorial government. Visa 188A is valid for 4 years and 3 months, counting from the date of signature. After approval, the applicant will go to Australia to do business for two years and participate in daily management. In four years and two years in Australia, it can be converted into 888 permanent visa for business innovation and investment.

1) 188 a visa general requirements.

1- EOI invitation received.

2- Have successful business or investment experience.

3- Have sufficient personal and business assets.

4- Nominated by State or Territory Governments

5- Establish a new enterprise or develop an existing enterprise in Australia.

2) 188A visa application conditions

1. The principal applicant is under 55 years old or exempted by the state government, and the accompanying children are under 25 years old;

The EOI score of the commercial selection system is not less than 65. See the link 188 visa scoring table for specific scoring criteria.

In at least two of the past four fiscal years, the company's annual turnover is at least 500,000 Australian dollars (up to two companies add up);

Husband and wife have any of the following businesses:

(1) For an enterprise with an annual turnover of less than 400,000 Australian dollars, the applicant must hold more than 5 1% of the shares;

(2) For an enterprise with an annual turnover of over 400,000 Australian dollars, the applicant must hold more than 30% of the shares;

(3) For listed companies, the applicant must hold 10% of the shares;

2. Have a successful business management background and participate in daily management;

3. Can prove the real intention of operating and managing enterprises in Australia;

If the business you are nominated for is a business type that provides professional, technical or trading services to the outside world, you must spend no more than 50% of your time providing these services compared with the comprehensive management of your business;

The commercial and personal net assets of the husband and wife are at least 800,000 Australian dollars. These assets must be legal income and can be legally transferred to Australia within 2 years after the visa is approved; In addition, you and your spouse are not involved in illegal business or investment activities.