KNOWLEDGE ABOUT AUSTRALIAN BUSINESS INNOVATION EXTENSION AND SIGNIFICANT INVESTOR EXTENSION STREAMS


By Fozail N. Sukhera, 2019; https://immi.homeaffairs.gov.au/

Australia's Business Innovation Extension Stream: 

The Business Innovation Extension Stream provides an additional visa to holders of a Business Innovation Stream Subclass 188 Visa who are not eligible for a Permanent Residence Visa. Applicants must have had an ownership stake in one or more major firms that are actively functioning in Australia for at least two years prior to applying for this visa.
The visa is valid for six years, beginning with the issuance of the first Subclass 188 Professional Visa in the Business Innovation Extension Stream.

Australia's Significant Investor Extension Stream

The Significant Investor Extension Stream allows holders of a Significant Investment Stream Visa Subclass 188 to extend their stay if they are not eligible for a Permanent Resident Visa. The primary applicant for the extended stream visa must have proof of continually complying with the conditions of the Significant Investment Visa in Australia since the awarding of their prior Subclass 188 Visa.

This visa is valid for six years from the date of issuance of the initial 188 Professional Visa in the Significant Investor Extension Stream.

If the applicant already has a Subclass 188 visa in the Significant Investor Extension Stream, a Further visa is issued for eight years from the date of the first Subclass 188 Provisional Visa in the Significant Investor Extension Stream.

Attribution:

1. Photo by Kindel Media from Pexels

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