Is Australia issuing a business visa?

Australia is regarded as a favorite destination for foreign investors because of its developed markets, robust economy, highly skilled workforce, and strategic location. Australian business visa opens the doors for many foreign entrepreneurs who wish to do business in Down Under in various sectors, including agriculture, IT, healthcare, minerals and mining, and wealth management. Investors love Australia because of its population growth, track record of economic prosperity, and stable governance.

According to the World Bank Rankings, Australia ranks 14^th position for ease of doing business in 2020. Australia also ranks 4^th for its favorable credit policies, 6^th for enforcing contracts, and 7^th for establishing a new business.

Why do business in Australia

• Australia is an open market and imposes minimal restrictions on the movement of goods and services.
• A highly-educated workforce backed by abundant and diverse natural resources.
• Competitive finance and insurance services.
• Strategic connections with strong economies such as the U.S, the U.K, Japan, Singapore, South East Asia, New Zealand, etc.
• Australia has built up bilateral trade relationships with Japan, Indonesia, Malaysia, China, and the United Arab Emirates over many years.
• Access to a culturally diverse consumer market.
• Range of business investment pathways leading to permanent settlement in Australia.

Australia Business Visas

If you wish to move to Australia with your family via investment, then you should learn about the types of business visa pathways the country offers to foreign investors. Let’s talk about them in detail:

Business Innovation and Investment (Provisional) visa- Subclass 188

The visa allows you to own and manage your own business or conduct investment activities in Australia.

Basic Eligibility

To apply, you must:

• Be able to score at least 65 points.
• Provide proof of your business activity.
• Be invited to apply for the visa.
• Invest AUD1.25 million if you were invited to apply for this visa on or after 1 July 2021.
• AUD800,000 if you were invited to apply for this visa before 1 July 2021.

Points are awarded based on the following factors:

• age.
• English language ability.
• qualifications.
• experience in business or investment.
• net personal and business assets.
• business turnover.
• innovation.

The provisional visa program comprises seven categories:

Business Innovation Stream- This provisional visa lets you operate a new or existing business in Australia.

Requirements

• Be nominated by a state or a territory government.
• Score at least 65 points.
• 25 million if you were invited to apply for this visa on or after 1 July 2021.
• AUD800,000 if you were invited to apply for this visa before 1 July 2021.

Significant Investor Stream- For people willing to invest at least AUD5 million in Australian investments that meet certain requirements and maintain investment activity. The applicant must be nominated by the state or territory government.

Business Innovation Extension Stream- the provisional visa lets the holders of subclass 188 visas extend their stay in Australia for two years.

Significant investor extension stream- The visa allows the holders of the Significant Investor stream to extend their stay for four years.

Entrepreneur Stream- the pathway aims to welcome start-up owners and early-stage entrepreneurs who wish to establish their businesses in Australia. Australia business visa requires applicants to ​​​​​​​​​​​secure a funding agreement with a third party to carry out entrepreneurial activities.

To know more about Business Visa Australia, you can write us at [email protected]  and our expert team of experts will get in touch with you to resolve your queries. You can even give us a ring on (+91) 859 533 8595 or directly interact with our expert Visa Consultants through our Live Chat window.

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