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The Australian Government has announced the removal of the entire Business Innovation and Investment Visa Program (BIIP).
The government is planning to redesign the program to focus on applicants who can make specific and substantial contributions to Australia.
For further information and to explore alternative visa options, contact us at 02 9411 6000 or book a consultation.
There are four visa streams under the Business Innovation and Investment Program (BIIP - subclass 188). The BIIP 188 visas offer a direct pathway to permanent residence after three years, subject to meeting certain residence and investment or business turnover requirements. The initial visa will be valid for five years.
This Visa is designed for people who have an ownership interest in a business in their home country would like to establish a new or develop an existing business in Australia.
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This Visa is designed for people who want to make a designated investment of at least AUD 2.5 million into a complying Australian-managed investment fund for the duration of the provisional visa validity and reside in the country for at least two years.
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This Visa designed for people who are prepared to invest at least AUD 5 million into a complying Australian-managed investment fund for the duration of the provisional visa validity and reside in the country for an average of 40 days a year for primary visa holders.
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This visa is for start-up and early-stage entrepreneurs who have been endorsed and nominated by a State or Territory Government to develop their concepts.
This is a Permanent Visa designed for people who hold a Subclass 188 (BIIP) Provisional Business Innovation, Investment, or Entrepreneur Visa and have met the requirements of that visa in the stream in which they first applied.
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Employer Sponsorship
Visa
Skilled Person & Want to Live
and Work in Australia
Sponsor My Partner
or Parents
Student Visa or
Graduate Visa
Start a Business or
Invest in Australia
You are required to apply for an RRV (Resident Return visa) if your permanent visa is about to expire and you intend to depart Australia.
If you’ve been living in Australia for at least two years (this can be accumulative) in the last five years prior to lodging your visa, you will be granted a new five-year block of time so you can continue with your permanent residence visa.
If you have been living in Australia for less than two years in the last five years prior to the date of your RRV application, you may be eligible for a one-year RRV. To be eligible, you would need to present evidence of your ties to Australia, such as employment, family or business commitments.
If you live in Australia and your permanent residence visa expires, your status will automatically carry over – meaning you will continue to have permanent resident visa status. If you then wish to travel outside Australia, you will need to apply for a RRV, which will enable you to return using your current visa.
As a visa holder, you can use VEVO to check your current visa details and conditions.
We guide individuals and businesses through the complex migration process to Australia. With long years of industry experience, our immigration specialists have built a reputation of providing accessible, accurate and genuine advice to our esteemed clients.
Our specialists assist in preparing and reviewing your documents and forms before submitting for successful approval. We strive to make the whole immigration process hassle-free for you.
We have a very high success rate of visa approval and a solid reputation resulting in a large amount of repeat business. We provide immigration services to individuals, families and companies, whether they are small or public companies and in any industry.
Immigration is the only thing we do so we are highly specialized in it.
Katz and John applied for an Employer Nominated Sponsorship Visa and successfully got their Permanent Residency in 2007. The couple is settled in Melbourne, Australia.
We moved to Australia with only suitcases (and sentimental items), and have virtually bought everything from scratch including our large detached townhouse, two cars and all our media/furnishings.
While in Adelaide and Melbourne we had attended two immigration agents to gauge the complications and expense of the next step of settling in Australia. However, on a personal recommendation from one of Katz’s colleagues we visited Mr Ian Singer in Sydney.
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10 Help Street, Chatswood
NSW 2067 Australia
