For The 888 Business Permanent Visa What Is Day To Day Management - Know From Migration Agent In Sydney.

Do you hold an Investment (provisional) visa and a Subclass 188 Business Innovation visa?

Now that you have the provisional visa, to increase your Chances of getting the Subclass 888 Business Innovation and Investment (permanent) visa, are you unsure about what you have to do?

To ensure their subclass 888 application for smooth sailing. We are often asked by these clients what they have to do for this .while on an 1888 visa and for 888 visas. Below is summary of things of your business you can do to show daily management. Call Migration Agent in Sydney for details.

888 visa Basic Requirements:

For a subclass 888 visa general criteria are as follows:

•  Hold the relevant visa (188 visa subclass)

•  Current state nomination

•  You must own and manage a business in Australia for the 2 years before you apply for the subclass 888 visa

•  Immediately before the application was made, it had an annual business turnover of $300,000 in the 12 months.

•  At least two of the following you must show
            - In Australia assets of AUD 200,000 net value in your main business ( or 2 main  business)
            - In Australia personal and business assets of AUD 600,000 net value.
            - Equivalent In your main business of at least 2 full time eligible employees 

•    When operating the business complied with Australian law

•    Must have a functional English 

•     Immediately before you apply must be in Australia for at least 1 in the 2 years

•    Not involved in unacceptable business activities 

•    To continuing the business has a realistic commitment

•     Meet character and health requirements

Day to Day management:

You own and manage a business as part of the eligibility for the subclass 888 visa. A direct and continuous managerial role is involved in the business.
To show that you are actively involved in the business you will be asked to provide documents. Things to keep in mind in preparation for the visa include:

Contract and Business Documents:

1. Ensure proving the purchase of the business you have the documents

2. Ensure that you have the franchise agreements, If you operate a franchise

3. keep the business contracts you have with your reseller, customer and contractor

4. For meeting make sure that you keep meeting minutes as it can be used as evidence

5. Essential proof like any communication that you have with other businesses or customers (letters or emails)

6. Remember to keep them as it can be used to show that you have participated in the day-to-day management of the company, If you have any business documents that you have signed.

7. Ensure that you save all the relevant documents, If you are involved in the hiring and recruitment process of the company 

8. Any documentation are important to keep and save that you have which show your involvement with the strategic management of the company 

9. Remember not to throw them away, if you have receipts to show you have made purchases for the company.

10. To show the structure of the company prepare an organizational chart. It must include your staff distribution, your position, functional responsibilities as well as the reporting lines. 

Employees:

1. As part of the evidence Ensure that you submit your employees’ PAYG Summaries to the Department of Home Affairs to show that you have hired at least 2 workers.  
2. Make sure that with the employees you have an employment contract with Australian employment rules and regulation employment contract should be compatible. 

3. Prepare the relevant superannuation and insurance documents

4. Have a staff roster ready. For the subclass 888 visas it can be used as evidence.

Assets:

You are required to show that you have personal/business assets, to be eligible for the visa. Ensure that you have the documents ready, leading up to the visa applications. Some of the documents required may include:

1. Valuation certificate

2. Loan agreements

3. Trust deeds 

4. Evidence of property ownership – title deeds 

5. Mortgage statements  

6.    Share and bond register

As you can see to assess your visa applications many documents are crucial for the Department. Therefore, storing these day-to-day management documents in one place is important. The application process will be a lot smoother with sufficient relevant documents. Call Migration Agency in Sydney for details.