Australia, being the highly-stable economic
country is the favorite attraction of the net-worth business people who would
like to invest and start their business venture there. National outside
Australia need to have proper business visa category in order to invest in
Australia in a legal and accurate manner. Australian Government has crafted
various business visa categories for the foreigners who have to settle there
permanently by investing a certain amount of funds in the business. Australia
Business visa is for the highly-net worth individuals, businessmen or venture
capital firms, who have well-settled business empires in their home country and
are keen on establishing the business in Australia.
Types of Business Visa Categories
a) Business Talent Visa Subclass 132
This business category belongs to the businessmen
and entrepreneurs who have well-settled business in their native country and
looking forward to settling business in Australia by investing. It is a
permanent visa that allows you to live permanently in Australia.
b) Business Innovation and Investment
Visa Subclass 188
This four-year provisional visa is designed for
the businessmen and entrepreneurs who wish to establish a new business in
Australia by investing the specified amount of funds with the Australia
state/territory. The candidates have to go through the points system and need
to score at least 65 points to qualify. This visa allows you to live and work
in Australia for the span of four years.
c) Business Innovation and Investment
(Permanent) Visa Subclass 888
It is a Permanent Residence
Visa, permits an applicant to continue their business
and investment activities in Australia. Under this visa, you don’t have to
submit an expression of interest (EOI) or need to receive Invitation to apply
(ITA) if you already have met the requirements of subclass 188.
There are other various business categories through them you can migrate to Australia:
- Business Owner visa (subclass 890)
- Investor visa (Subclass 891)
- State/Territory Sponsored Business Owner Visa (Subclass 892)
- State/Territory Sponsored Investor Visa (Subclass 893)
To be eligible to apply for the business visa,
you have to meet the below-given requirements. Firstly, you have to choose the
right category of business visa. Check out the eligibility requirements that
need to be met by the applicant who is applying for the Australia business
visa:
- You must have received the nomination from the Government
organization.
- The applicant has to meet the character and health
requirements. He/she should be free from all kind of serious medical
issues and must have a clean character.
- If you’re applying under Business Innovation and Investment
Visa Subclass 188 in the Business stream or the Investor stream, you have
to score at least 65 points in the points test.
- If you 18 years or above, you have to sign the Australian
Values statement rules ensuring that you will follow the Australian laws
and respect the culture.
Documents Required for the Business Visa
- You have to submit your original passport as well your previous
passport.
- You need to submit the income tax paper for the last three year
or have to fill the form 16.
- You must have the letter of invitation from the recognized authority
or organization of Australia.
- Submission of bank statements and salary slips for the least
six months should be there.
How to Apply?
Firstly, the applicant has to submit an
expression of interest (EOI) via skill select system. You need to check
whether the state/territory government is interested in nominating you or you
can approach them directly. If you receive the invitation to apply (ITA) for
the category you have applied, you have to meet all the requirements and even
submit all the documents requirements to qualify for the visa.
Benefits of Doing Business in Australia
- It is the pathway to settle permanently in Australia.
- You are free to travel in and out Australia multiple times till
the time visa is valid.
- Your family members can join you in Australia and they are
eligible to do work and education there.
- You can begin or take over the existing business, or invest in
Australia.
For availing more information about Australian Business
Visa, you can get in touch with the Make Visas
experts by dialing official helpline +91-7042184185 or write
down your queries on info@makevisas.com.
A business visa can be converted if the visa holder marries an Australian national during the stay and does not intend to continue on business visa!
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