Business Visa

There are various business visa options available for migrants who want to invest or establish a business in Australia. The visa options suggest different streams that vary with stay and cost factor. It also depends on whether you want to invest, already own a business or want to start a new business in Australia.

 

Business Skills Program – It is subdivided into four different categories which are;

  1. In Business Owner category- For owners or part owners of a business
  2. In Senior Executive Senior category- Senior executive employee of a large business
  3. In Investor category- Business owners or individuals who are eager to invest in Australia.
  4. In Business Talent category- People with business history who attained a sponsorship from Territory government or state.

 

For successful business investors, senior executives and owner who aim to settle in Australia; can find Business Visa as an encouraging pathway to operate and avail business opportunities in Australia. The two main ways are:

 

Business Innovation and Investment Visa – Provisional (188): It is for people who intend to start or invest in a new business, or manage an existing one in Australia.

 

Seven eligibility streams for Temporary Business Visa – 188 Business Visa

  1. Business and Innovation Stream –Visa Subclass 188
  2. Investor Stream- Visa Subclass 188
  3. Significant Investor Stream- Visa Subclass 188
  4. Premium Investor Stream- Visa Subclass 188
  5. Business Innovation Extension  Stream-Visa Subclass 188
  6. Significant Investor Extension Stream-Visa Subclass 188
  7. Entrepreneur Stream- Visa Subclass 188

 

Business Innovation and Investment Visas – Permanent (888):

It is the second stage of the Provisional (188) Business Visa Australia. It permits entrepreneurs and business owners to continue investment and business activity. After fulfilling the requirements of provisional visa, you can apply for permanent business visa that provides permanent stay.

 

Five eligibility streams for Permanent Business Visa – 888 Business Visa

  1. Business and Innovation Stream –Visa Subclass 888
  2. Investor Stream- Visa Subclass 888
  3. Significant Investor Stream- Visa Subclass 888
  4. Premium Investor Stream- Visa Subclass 888
  5. Entrepreneur Stream- Visa Subclass 888

 

Business Talent Permanent Visa-Subclass 132

This visa allows people to invest in new or expand an existing business in Australia. It has two main streams:

Significant Business History Stream- Visa Subclass 132

Experience business owners can have this visa to manage a new or existing business in Australia.

  • Net value of at least AUD 1.5 million which is lawfully acquired.
  • Before you are invited to apply; for at least 2 of the 4 fiscal years the annual business turnover should be at least AUD 3million.
  • Before you are invited to apply for at least 2 of the 4 fiscal years, the total net assets should be of at least AUD 400,000 as the ownership interest in either one or more qualifying business.

 

  1. Venture Capital Entrepreneur Stream- Visa Subclass 132

People who have sourced venture capital funding from Australian Investment Council (AIC) can have this visa.

  • From an Australian venture capital firm you must have financial support of at least AUD 1million.

 

Factors affecting processing time of Business Visa for Australia

The processing time for each business visa application varies and doesn’t have any specific days to count. Generally, this type of visa is expected to take long. Following factors could influence the processing time for application:

  • Provision of an application with complete details along with all supporting documents.
  • Applicant responsiveness to additional information asked is very crucial. If the applicant takes it long, the process time extend by that duration.
  • Depends on how long the department takes to assess the information and verify the submitted evidence.
  • Time taken by the Department to cross check the information from an external agency as it is the matter of nationality, economy that involves strict background verification.
  • Availability of number of places for permanent visa.

Criteria to be qualified for State Sponsorship

Eligibility criteria related to State Sponsorship differ for investor visas and business owner visas.

 

Business owner visa:

  • You must be under the age of 55 years .If the business proposition is outstanding and of any advantage to State, this requirement maybe waived.
  • A score of around 65 is mandatory on the points test.
  • Before you are invited to apply; for at least 2 of the 4 fiscal years the annual business minimum turnover should be at least AUD$500,000.

 

Nominated business should own at least one of the following:

  • The value of ownership interest must be – 51% of a business turnover of less than AUD400,000 per year
  • The value of ownership interest must be – 30% of a business turnover of AUD400,000 or more per year
  • The value of ownership interest must be -10% of a business that is publicly listed company

-Business owner should possess personal and business asset accounting to total of AUD 800,000 in a lawful manner and within the period of two years from visa grant, it must be free for legal transfer to Australian territory.

Business should provide trade service, technical service and professional service; also the business owner should not spend more of half the time to provide those services.

 

Investor Visa – Australian PR by investment:

  • You should be less that the age of 55 years .If the business proposition is outstanding and of any advantage to State, this requirement maybe waived.
  • A score of around 65 is mandatory on the points test.
  • Applicant must have three years of experience in managing the business.
  • Applicant should show a successful history of qualifying business activities.
  • The business owner must hold back the desire to maintain typical management role in business situated in Australia.
  • Income earn from investment is subjected to taxation laws.
  • Working rights are permitted to family members.

 

Typically, it isn’t an easy process to obtain Australian Business visa. Nevertheless, if the business visa migration agent ensure the regulatory guidelines and legislations there are possible chances of approval.

 

How we can help?

People around the world who are laden with money, want to invest and live their life luxuriously in a state that provides industrious opportunities. Australia is ideal to start a business because of its metropolises, high quality life, government efficiency, stable politics and economy. Considering the factors, people often seek to look for immigration opportunities through investing and establishing a business in Australia. They aim to live as permanent resident with productive business prospects.

IVS Australia can help you establish a successful business and explore further opportunities in Australia. Take the help from our agents to get an immediate understanding and knowledge of business development, trends and demands in Australia. Also, we assist you to understand and meet the basic requirement for Australian Business visa and commence with the visa application process.