A company with a high net worth or a venture capital firm is eager to invest in Australia. For this purpose, the person will need a Business Visa in Australia. The environment of Australia is business-friendly.
With the help of this visa, enterprisers from every country can corporate and invest in Australia. There are several types of Business and investment visas available. Some business visas are permanent, while others are temporary. Generally, a person prefers a temporary visa before applying for a permanent visa.
A permanent business visa allows a person to travel for five years without restrictions. However, a temporary business permits a person to travel for the duration specified.
Perth is an Australian city that welcomes foreign investments with open hands. To start a business there, a person with foreign nationality needs a business visa in Perth. An Immigration agent in Perth provides assistance a person needs for the application. Taking the guidance of the best Immigration agent in Perth will make a person stress-free so that he can concentrate on his business.
Types of Business Visas
A business visa permits a person to do business activities in Australia legally. Mainly Visas are in two categories permanent and temporary. Explanations of these are as follows-
Business visa subclasses (Permanent category)
When a person has to stay for an indefinite period for business in Australia. The following are the Permanent business visa categories-
Business Talent visa (subclass 132)-
There are two streams of this visa subclass. One is the significant business history stream for business owners who wants to undertake substantial business activities. Another one is the venture capital entrepreneurs stream is for those persons who have sourced venture capital funding from a member of AIC.
Business Innovation And Investment Visa (subclass 888)
A person who holds provisional business innovation and investment visa (subclass 188) under the business innovation stream, subclass 444 or subclass 457 visa, is eligible for this subclass 888 visa. With this visa, a person can show running business involvement.
Business Owner Visa (Subclass 892)
Subclass 892 is only for a person who holds an eligible visa. It allows him to stay in Australia permanently. The person is eligible for this visa if he lived in Australia for at least 12 months immediately before applying for this visa.
Business Visa subclasses ( Temporary category)
A business visa (subclass 188) is a temporary business visa class. It is for applicants who want to start a new venture or manage an existing business. It serves as a first step to the permanent business visa. It grants permission to a foreign migrant to stay in Australia for up to five years.
The visa subclass has the following course –
Business Innovation Stream
When the Australian state/territory government nominates a person to set up a new business or manage an existing business, he should apply for this visa.
If a person wants to invest AUD 1.5 million or more under an Australian State/territory government, he can apply for it.
Significant Investor Stream
It is Similar to the Investor stream. The only difference is the limit in the investment, which is a minimum of 5 million in this case.
Premium Investor Stream
To comply with the premium investor stream of the business visa, a person should invest at least 15 million to maintain business and investment in Australia.
This visa allows a person to stay in Australia for five years to carry out entrepreneurial activities with third-party funding of a minimum of AUD 2000,000.
A person can apply for a business visa online or offline. He should fill out an online application by opening an ImmiAccount. The applicant has to pay application fees via ImmiAccount before applying. The applicant has to submit all the required documents and should be in English at the time of application. If any document is in another language, then provide a translated version along with the original documents.
The list of documents required –
- Photo identity card
- Two photographs (Recently clicked)
- A document showing good character and health
- A statement proving the sufficiency of funds
- Proof of business merger or acquisition ( if applicable)
- Australian Business Number (ABN)
- Proof of English language competency
- An expression of Interest
- Documents of point-test
- Proof of ownership of the business
- Six photographs of business establishment
- Passports, relationship proof, birth certificates, and marriage certificates in case any family member in the application
- Include applicable forms with business visa application, such as Form 80, Form 927, Form 956, Form 1217
- A financial statement of the business
- Statement of Assets and income of the business.
The processing time for a business visa application is usually two and a half years. If any document is missing or provides wrong information, then there is an increase in the processing time. A person can apply for another visa in case of rejection of an application. He can also request a review at the Administrative Appeals Tribunal for the denial.
A business visa allows a person to own and manage his business by staying in Australia. Business visa Australia is for persons who want to contribute to the Australian economy through business or investments. To be eligible for the business visa, a person should be of age between 18 to 54 years, pass point-test, has an expression of interest, and have state sponsorship.
To know more about Business Visa Perth and clear his doubts regarding the fulfilment of the application and submitting documents, a person can contact a migration agent in Perth. An Immigration agent in Perth suggests the applicant choose whether to apply for a permanent or temporary visa.
A person can include an immediate family member in his business visa. And an immediate family member can be a spouse, dependent child, or relative. But to include them, he has to submit proof of relationship with other documents. A permanent visa allows travelling in and from Australia for five years without restrictions.