Mercia | Taxation, Business & Finance Advisers

Often we receive calls from international clients asking how they or they children can obtain residency, where their children often have a degree from overseas with limited working experience,  parents are often sophisticated business and investor persons therefore capital requirements allow for the 188 significant visa or alternate business and investment 188 visa , a popular strategy  is:

1. Child migration strategy:
   1. 2.5 year visa (1 year English + 18 month master study)
   2. 2 temporary working visa
   3. During the 4.5 years we look to assist to place the student in a client business or one of our businesses .

2. Parents migration strategy:
   1.  Re the 188/888 visa – Recent discussions have confirmed that it’s the quality of applications in Hong Kong that are clogging up the system see below  $5M (investment),120days in 4yrs,NA>$10M (not a requirement but logical) – must explain the importance of documentation.
   2. 132 visa – $1.5M (investment),730days in 5years,<55yoa,>3M,exisiting china business turnover>$3M.
3. Balance family sponsor contributory parents of 2 above

The above should not be relied upon as advice, you should consult us to introduce you to our migration specialist who would prepare a personal strategy based on your circumstances. Below is a summary of the different types of visas which you can review at www.immig.gov.au

1. VISIT (holiday vosas)
2. STUDY VISAS
   1. Student visas
   2. Training and research
   3. Training and research sponsorship and nomination fees
   4. Graduate
3. WORKING VISAS
   1. Temporary visas
   2. Temporary work sponsorship and nomination fees
   3. Sea crew
   4. Employer sponsored migration
   5. Employer nomination fees
   6. General skilled migration

i.     Dependent (Subclass 189)

ii.     Skilled – Nominated (Subclass 190)

iii.     Skilled – Recognised Graduate (Subclass 476)

iv.     Skilled – Regional Sponsored (Provisional)

v.     (Subclass 489) – invited pathway

vi.     Skilled – Regional Sponsored (Provisional)

vii.     (Subclass 489) – extended stay pathway

viii.     Skilled – Regional (Subclass 887)

7. Business skills migration – both require a EOI and nomination by state government, this is easy to obtain, just need to provide documentation that you are a real business person with real assets and income.

                                          i.     Business Talent (Subclass 132) –

1. have net business and personal assets of at least AUD1.5 million and an annual business turnover of at least AUD3 million, or
2. have obtained at least AUD1 million in venture capital funding to start the commercialisation and development of a high-value business idea in Australia.

ii.     Business Innovation and Investment (Provisional) (Subclass 188)

1. Stage One and Stage two process
   1. Business Innovation and Investment (Provisional)- (Subclass 188) – Business Innovation Extension and significant investor extension streams
   2. Business Innovation and Investment (Permanent) (Subclass 888)
2. Visa includes three streams:
   1. Business Innovation stream: for people with business skills who want to establish, develop and manage a new or existing business in Australia.
   2. Investor Stream: for people who want to make a designated investment of at least AUD1.5million in an Australian state or territory and maintain business and investment activity in Australia.
      1. 2 years out of 5 must reside in Australiaii.
      2. <55 yoa
      3. 65 points test
      4. Qualifying business >400K turnover
   3. Significant Investor stream: for people who are willing to invest at least AUD5million into complying investments in Australia and want to maintain business and investment activity in Australia.

i.     160 days out of 4 years must reside

iii.     Business Owner (Subclass 890)

(need to already hold a provisional visa, allows you to travel in and out for 5 years)

iv.     Investor (Subclass 891) for the 162 visa (now closed)

v.     State/Territory Sponsored Business Owner (Subclass 892)

vi.     State/Territory Sponsored Investor (Subclass 893) (for current 165 visas now closed)

8 Special migration (WORKING VISA)

4. LIVE IN AUSTRALIA VISA
   1. Special migration
   2. Retirement
   3. Returning residents
   4. New Zealand residents
   5. Partner migration
   6. Child migration
   7. Parent migration
   8. Other family migration
5. OTHER
   1. Border/Diplomatic visas
   2. Confirmatory visa
   3. Bridging visas
   4. Humanitarian program applications
   5. Protection visa applications
   6. Certificates of status