THE MESSAGE. BRINGING INTO FOCUS FILIPINO PRESENCE IN AUSTRALIA
www.kalatas.com.au | Volume 6 Number 7 | APRIL 2016
ATTY. JESSIE
ICAO
[email protected]
Doing business
in Australia
UNDER
the Business Innovation and
Investment Programme of the Australian
government, people with business skills
who want to set up or manage business
in the country are eligible to apply as
temporary residents under the Business
Innovation and Investment (Provisional)
subclass 188 visa and later on apply
as permanent residents under the
Business Innovation and Investment
(Permanent) subclass 888.
BUSINESS INNOVATION
STREAM:
The applicant in this
stream must have personally
manage a business for at
least two of the four fiscal
years before the date of
application and must submit
evidence of ownership of
the business overseas.
The applicant must
also outline the proposed
business activity in
Australia and explain how
this business will benefit the
Australian community.
Further, the applicant
and the partner must have a
combined total net business
and personal assets of at
least $800,000 which is
legally acquired and can
be transferred to Australia
within two years after the
visa grant.
INVESTOR STREAM:
The applicant must
notify the relevant State or
Territory of its intention to
make an eligible investment
of at least $AUD 1.5
Million. It is required under
this option that the applicant
shall provide evidence of
ownership of business; cash
deposit; ownership of real
estate or if loan provider copies of loan agreements
shall be attached to the
application.
13
IN THE NEWS...
IMMIGRATION
Application is not
automatic. The applicant
has to notify and provide
business proposal to
invest in a State where
the applicant intends to
establish a business and
submit an Expression of
Interest (EOI) with the
Department of Immigration
and Border Protection
website. The applicant can
only apply for this type of
visa upon being invited to
apply under EOI and after
receiving the nomination
from the State or Territory
or Austrade. The likelihood
of the visa being approved
is high as about 7,260 places
are allocated for 2015-2016
migration programme for
this visa.
Potential investment
opportunities for business
people include: food and
agribusiness, mining
equipment technology
and services, oil, gas and
energy resources, medical
technologies and advanced
manufacturing.
The applicant has four
streams to select:
IMMIGRATION
Image by Vector Open Stock
Pinoy doc,
family may
be denied
residency
over autistic son
‘THE
Messenger’
(adelaidenow.com.au)
has reported that a
popular Filipino doctor
and his family are
facing an emotional
wait to learn if they
can keep calling
Seaford Meadows
home.
Edwin Lapidario, based at
the Hackham Medical Centre
since June 2008, his wife,
Cherryl, and their sons Sean,
11, and Savion, 8, have for the
past four years been living in
Australia on a temporary 457
visa.
The visa expired on
April 1, and the family was
granted a bridging visa, which
allows them to stay until the
Immigration Department
decides on its request for
permanent residency.
“I really want to stay,”
Dr Lapidario, of Seaford
Meadows, was quoted as saying
in The Messenger.
“I feel home here, my kids
feel home here in Australia.
“We will not stop fighting
to stay here because I think this
will be our home.”
In 2012, the Southern
Times Messenger reported the
Immigration Department had
granted a temporary visa to
Photo: The Messenger / adelaidenow.com.au
“I really want to stay”
Cherryl and Savion but refused
Sean’s request because he has
autism.
“They granted the visa
for the two of them but for my
other son, they denied because
... he will b R'W&FV