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Are you considering expanding your business to Australia? If so, understanding how to get an Australian business visa is crucial. The Australian Business Innovation and Investment Visa Program offers opportunities for business-minded individuals to build and develop businesses within Australia.
This article will provide an overview of the Australian Business Visa Program, including the different visa streams, eligibility requirements, and the benefits of obtaining these visas. Whether you aim to manage and own a business, invest in Australia, or undertake entrepreneurial activities, this comprehensive guide will help you obtain an Australian business visa.
Additionally, you are considering business opportunities in other dynamic markets. In that case, it might be beneficial to compare business visa options in the UAE, which can provide insights into another attractive destination for international business expansion.
Table of Contents
Australia Business Visa Brief Overview
Australia offers the Business Innovation and Investment Visa Program for business-minded individuals looking to build and develop businesses there. This program allows business people to own, manage, invest, and conduct business in Australia.
The 188 Visas are provisional, with a pathway to permanent residence through the 888 subclasses. A State or Territory Government must nominate applicants.
Different Australia Business Visa Types
With this visa you can manage and own a business in Australia, conduct investment and business activity in Australia or undertake an entrepreneurial activity in Australia.
Australia Business Visa Temporary
- Business Innovation and Investment (Provisional) Visa Subclass 188
- Business Investor Stream Subclass 188B
Australia Business Visa Permanent
- Business Innovation and Investment (Permanent) visa subclass 888 (Business Innovation stream)
- Business Innovation and Investment (Permanent) visa subclass 888 (Business Investor stream)
Australia Business Visa Temporary
The following are the benefits of acquiring the Business Innovation and Investment (Provisional) Visa Subclass 188:
- Residency of up to 5 years
- Eligibility to apply for permanent residency through Subclass 888 upon meeting requirements
- Opportunity to bring family members with you
Additionally, here are the advantages of obtaining the Business Investor Str
- Residency of up to 5 years
- Eligibility to apply for permanent residency through Subclass 888 visa upon meeting requirements
- Opportunity to bring family members with you
Read here for information on Australian study visa.
Australia Business Visa Permanent
The following benefits of obtaining the Business Innovation and Investment (Permanent) visa subclass 888 under the Business Innovation stream:
- Permanent residency in Australia
- Opportunity to work and study in Australia
- Permission to continue your business activities initiated under your Business Innovation and Investment (Provisional) visa
Additionally, the Business Innovation and Investment (Permanent) visa subclass 888 under the Business Investor stream offers the following advantages:
- Permanent residency in Australia
- Opportunity to work and study in Australia
- Ability to continue your investment activities initiated under your Business Innovation and Investment (Provisional) visa
The following table provides the Australian business visa requirements, types and costs for each of these.
|
Visa Type
|
Purpose
|
Eligibility
|
Duration
|
|---|---|---|---|
|
Business Innovation and Investment (Provisional) Visa (Subclass 188)
|
For business owners or managers operating a new or existing business in Australia
|
|
4 years and 3 months (extendable)
|
|
Business Investor Stream (Subclass 188)
|
For investors with at least AUD $2.25 million
|
|
Indefinite stay
|
|
Business Innovation and Investment (Permanent) Visa – Innovation Stream (Subclass 888)
|
Allows holders of a provisional visa (subclass 188) in the Business Innovation stream or Business Innovation Extension stream to stay permanently in Australia
|
|
Permanent stay
|
|
Business Innovation and Investment (Permanent) Visa – Investor Stream (Subclass 888)
|
Allows holders of a provisional visa (subclass 188) Investor stream to continue investment activities in Australia permanently
|
|
Permanent stay; allows work and study in Australia
|
Frequently Asked Questions
If you have a provisional Business Innovation and Investment visa, you can qualify for permanent residence by establishing a business with a turnover of at least AUD 750,000 for 2 of the last 4 fiscal years and possessing net assets of at least AUD 1,500,000.
There are over 100 different types of visas available for Australia, including visas for tourism, work, study, and family migration. Each visa type has specific eligibility requirements and conditions.
Migrating to Australia typically requires meeting certain criteria, such as having relevant skills, qualifications, or family connections. For personalized advice, it’s best to consult with the Australian Department of Home Affairs or a migration agent.
Conclusion
When looking for how to get an Australian Business Visa, applicants can choose from different streams under the Business Innovation and Investment Visa Program. Depending on their business goals and investment capacity, individuals can apply for temporary or permanent visas, each offering unique benefits and opportunities for business development in Australia.
Ready to make your Australian business visa dream a reality? Contact Legend Consults today to receive personalized guidance and seamless support from their team of experts.
