What do you need to pay attention to when transferring 188A to 888A for Australian immigration?

Australian immigration 188A to 888A need to pay attention to: whether the applicant has participated in the daily operation and management of the company, whether the "active operation" of the business has been met for two years, and whether the funds are clear. The immigration company recommends Jinding Immigration, a leading brand in the field of overseas housing immigration, relying on a strong high-quality resource integration platform and professional data and information analysis, which is trustworthy.

The Australian 188A Business Innovation Temporary Visa is one of the five categories of the Australian Business Immigration 188 visa. Australia** hopes to attract truly innovative professional and technical and management talents to do business and start businesses in Australia, inject capital and create jobs in Australia. The Australian 888 Business Innovation and Investment Permanent Residence Visa is an Australian immigration visa that is applied for permanent residency in Australia two years after obtaining the Australian Immigration 188 Business Innovation or Investor Visa, and if it meets certain business or entrepreneurial conditions and hard requirements.

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1.Hold a 188A visa for 3 years or more;

2.In the 2 years prior to the application, the main applicant or spouse has lived in Australia for more than 1 year;

3.In the 12 months prior to the application, the Australian company has sales of more than 300,000 Australian dollars;

4.Shares in Australian companies: --Sales of $300,000-400,000, 51% of the shares; - Sales of more than $400,000, 30% of the shares;

5.In the 12 months prior to the submission of the application, the applicant must meet the following 2 conditions (choose 2 out of 3): 1) The net assets of the enterprise must reach 200,000 Australian dollars;

2) Employ 2 full-time Australian citizens or permanent residents;

3) Net business and household assets of $600,000. More about immigration. Recommend Aoye Immigration, 24 years of professional immigration services, 10,000+ successful cases. [Click for a free assessment of immigration, professional immigration consultant answers].

Due to the increasing number of business investment immigrants in Australia year by year, both the application requirements for 188A visas in the early stage and the difficulty of transferring to 888A permanent residence in the later period have basically been rising. Currently, the processing period for the 188A visa is 14-35 months, and the processing period for the 888A visa is 20-27 months.

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Since July 1, 2015, the new policy of 188A to 888 allows the main and auxiliary applicants to be exchanged, and the 188A visa has become attractive again. However, the number of 188a applications in the last year is very large, so the speed of processing has returned to an average waiting period of 12 months, but in any case, the number of 188a approvals in the whole of 2017 is the largest, so the number of 188a visa landings in 2018 is the largest.

Q: If 188a takes over a milk bar from 892, and the lease of this milk bar has just expired, if the lease is re-signed with the landlord, is it considered a self-built business?

A: If you sign a lease directly to pick up the store, it doesn't count, because the nature of the business has not changed. If 188A takes over the store and changes the store to a cigarette shop, a bottle shop, a boutique or a UGG store, the nature of the business changes, even if you remember that the name of the business and the billboard on the front door must be changed.

Q: If an 892 or 888a is already naturalized, is that okay? Do you count as a local resident?

A: The immigration law stipulates that whether you are currently holding 892, have applied for a 155 visa, or have been naturalized, as long as you have been 892 before, you still can't.

Q: If a store is a store that 892 has done, but 188a buys assets, is it okay?

A: From the perspective of immigration law, if it is a purchased asset, if the former owner has done a store on 892 or 888a, it is still a business that has been purchased, unless he changes the nature of the business, otherwise it is still non-compliant.

Q: If a store is a naturalized 892 and a skilled immigrant joint shares, 50% of one person, then how can I buy it to be compliant?

Answer: Buy 50% of the shares of the skilled immigrants first, and then buy the shares of the 892 that has been naturalized after a year, but there are often contradictions and disputes in the joint stock, and life is short, so we generally do not recommend everyone to join the shares or join the shares.

Another point is the background check of the business, to check whether a business has been done by other business immigrants, in fact, it is very simple, you can check the following points:

1. The time when the business started.

2. The time when the original lease began.

3. If it is a franchise store, check the start time of the franchise store.

4. Check the time when the original business was created or purchased.

5. Check the time when the original shopkeeper's passport and visa were approved.

The 188E visa has been implemented since September 10, 2016, and is a four-year temporary residence visa, which can be applied for an Australian green card and converted to an 888E permanent residence visa after 2-4 years after meeting the corresponding requirements.

Due to the fact that when the Australian immigration 188A visa is later converted to an 888 permanent residence visa, the immigration bureau has corresponding requirements for turnover. As a result, newcomers are more likely to choose to buy a business with a higher turnover or that meets the requirements of the USCIS. In order to sell their business faster, some unscrupulous sellers will also choose to manipulate the turnover, or make the business look very prosperous, which is not the case.

When buying a business, the examination of turnover is the top priority, and it must not be faked. Newcomers must be vigilant and keep their eyes open.

Some 188A immigrants who want to transfer to 888 permanent residence, in order to meet the requirements of the immigrant's business scale, even do not hesitate to buy their own goods or services to supplement the turnover, and pay taxes and rents. These immigrants have the mentality that as long as they get their status, they feel that it doesn't matter if they lose some money, and they seem to have a good mentality, but in fact they are digging their own traps. In fact, there is also a net worth requirement for the 888 permanent residence visa, and a losing business will not only lose money, but also may lose status.

In general, there are both opportunities and challenges on the road of 188a immigration to 888 permanent residence in Australia, especially when buying a business, you need to be extra cautious to avoid stepping in**. For 188a immigrants, whether it is to buy a ready-made business, start a new business, or take a stake in someone else's existing business, as long as you carefully choose to operate carefully, it is not difficult to successfully transfer to permanent residence.

The application conditions are strictly according to the Australian 188A investment immigration law, and the applicant to start a business to immigrate to Australia still needs to meet the following conditions:1The main applicant is under the age of 55 and has no criminal record; 2.

The personal and family net assets of the husband and wife are more than 800,000 Australian dollars; 3.In two of the last four financial years, the company achieved annual turnover of more than $500,000; 4.In two of the past four fiscal years, the husband and wife held more than 30% of the shares (10% for listed companies); 5.

Business Selection System (EOI) score of 65 or above. Compared with the Australian 188C investment immigration program, which has relaxed application conditions and only needs to invest 5 million Australian dollars as required to immigrate, 188A entrepreneurial immigration still has requirements for applicants' age, business background, and scores.