
It is granted for the time needed to pursue your business, generally more than three months and up to a maximum of three years, and it can be renewed.
The permit duration is tied to the purpose of your stay rather than a fixed standard term, with a legal ceiling of three years per grant. In practice the office sets a period it considers appropriate for your business circumstances.
You can apply to renew the permit before it expires, and consistent renewals over time can count toward longer-term residence options. To renew successfully you must continue to satisfy the same income or employment conditions, so maintaining the business in line with the law throughout the permit period is essential.
Get a personalised assessment from a licensed ACME advisor, or ask Acey.