Former and returning resident (Subclass 155 and 157)
Former and Returning Resident Visa Australia is for someone whose current permanent resident visa is expired or about to expire and they want to apply for an extension of PR. Though you can continue to stay in Australia even if your visa has expired, you need to apply for a resident return visa if you like to travel outside Australia. In case you leave Australia, and your visa has expired, you can’t return until you have been granted a resident return visa.
This visa is also used by previous permanent residents who have lived abroad for a longer period and now want to return to Australia, though there are certain eligibility criteria you need to meet to be able to grant this visa.
Former and Returning Resident Visa Australia is specifically designed to cater to individuals who were former residents of Australia and are now seeking to return. Applicants must either meet residence requirements or show substantial ties to Australia to be able to get this visa.
Is there a point test or minimum age criteria for a business visa?
All streams other than Significant investor (SC 188C) and Premium investor (SC 188D) require point test and age criteria to be met.
Which stream has the lowest investment requirements among all available business visa streams?
Business visa streams (SC 188A) usually have the lowest fund requirements.