Congratulations to entrepreneur L.Đ.Q and his entire family for officially becoming Australian Permanent Residents. In a climate where Australia is tightening its immigration policies, receiving the 888A Visa within six months is nothing short of a remarkable achievement for both the client and SI Group.
The Journey from 188A Visa to 888A
Since the early days following his 188A Visa approval, SI Group has continued to support Mr. Q. on his journey toward permanent residency by helping him operate his business and prepare for the 888A Visa application.
After researching and surveying the business environment in South Australia, on July 1, 2021, Mr. Q. officially established an import-export business in the state with an initial investment of 250,000 AUD. The primary products focused on for this business were locally sourced in South Australia.
SI Group recommended South Australia for Mr. Q.’s business development and residency for several reasons:
- First, South Australia is sparsely populated and has a growing economy.
- Second, the state government actively seeks to attract investors and stimulate economic growth, which often leads to a smoother and more favorable visa approval process for investor residency.
After two years of business operations in South Australia, by the time Mr. Q. was ready to apply for permanent residency (Visa 888A), his import-export business had achieved an annual revenue of 437,255 AUD.
This milestone is a testament to Mr. Q.’s hard work and SI Group’s strategic guidance in navigating the complexities of Australian residency through business investment.
SUCCESSFUL APPLICATION AND VISA GRANT WITHIN 6 MONTHS
On October 9, 2023, Mr. Q. received the state sponsorship from South Australia. At this time, the conditions met by Mr. Q. and his family were as follows:
- The business achieved an annual revenue of 481,081 AUD.
- Mr. Q.’s total net assets in Australia amounted to 2,167,000 AUD, including 700,000 AUD in real estate, 1,215,000 AUD in cash, and 252,990 AUD in vehicles.
- The family had resided in Australia for over 600 days, from January 14, 2021, to June 30, 2023, at the time of their permanent residency application.
Having fulfilled all the criteria for the 888A Permanent Visa, the Australian Department of Home Affairs officially granted the 888A visa to Mr. Q. and his family on April 18, 2024.
Typically, the average processing time for a 888A Visa application ranges from 21 to 35 months. However, Mr. Q.’s application was approved in just six months, and the total time from establishing his business in Australia to receiving permanent residency was less than three years. SI Group proudly celebrates this achievement with entrepreneur L.Đ.Q and his family.
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888A Visa Eligibility Requirements According to the Australian Department of Home Affairs
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COMPELLING REASONS FOR THE AUSTRALIAN GOVERNMENT TO GRANT A VISA IN RECORD TIME
As mentioned initially, we advised our client to apply in South Australia due to its low population density and growing economy. As such, the state government aims to attract foreign investors by prioritizing applications from potential residency investors.
Additionally, Mr. Q. seized opportunities to demonstrate his commitment to South Australia by purchasing a residence in the state and joining local business associations.
Compared to many other cases, although Mr. Q.’s company’s total revenue and net asset value are not particularly high, this is understandable given the challenges of conducting business in South Australia. Finding export sources is difficult, and logistics and operational costs are high.
For these reasons, recognizing Mr. Q.’s efforts and long-term commitment to South Australia, the Australian Department of Home Affairs granted the 888A visa to his entire family with remarkable speed, exceeding expectations and with the aim of significantly bolstering economic opportunities in the state through promising investors.
Once again, SI Group extends heartfelt congratulations to our client, L.Đ.Q. We are deeply grateful and honored that Mr. L.Đ.Q. chose SI Group to accompany him on his journey to achieving his Australian immigration dream.
