What are the Documents Required for Business Visa Australia?

What are the Documents Required for Business Visa Australia?

Do you wish to become a global entrepreneur? Do you have foreign investment plans for your business? If yes, then business visa Australia is waiting for you. The business visa Australia is the perfect pathway for high-net entrepreneurs to start a new business or manage the existing one while obtaining a permanent residency to the country.  There are a number of visa categories available for aspiring investors who wish to contribute to the growth and development of the country.

Types of visa schemes in the Australia business stream are defined as follows:

• Business Talent (Permanent) Subclass 132 Visa
• Business Innovation and Investment (Provisional) Subclass 188 Visa
• Business Innovation and Investment (Permanent) Subclass 888 Visa
• Business Owner-subclass 890 Visa
• Investor subclass 891
• State/Territory Sponsored Business Owner subclass 892 Visa
• State/Territory Sponsored Business Investor subclass 893 Visa

Talking about subclass 188, it’s a temporary visa that lets business investors to either conduct a new business or run an existing one in Australia for the period of four years. The visa holder is required to produce sufficient evidence in favor of investment activities done for the specific time period before obtaining the Australia permanent residency status. 

This visa category is useful for those individuals who are eager to set up a new business in Australia and thus continue to bring endeavors that boost the country’s economy.

What are the Benefits of Investing in Australia?

Robust Economy- Australia is known for its robust economy backed by strong institutions, world-class infrastructure, and high GDP rates. In fact, for the past 27 years, the country has constantly shown incredible economic growth without any recession. The country is also well-equipped to swiftly respond to global changes and deliver productivity in various sectors.

Dynamic Industries- Australia has carved a niche in the world of industries, which include natural resources, food, tourism, and financial services. The country is considered to be the most trusted supplier of mineral and energy resources, agricultural commodities, and premium food products for Asian countries. As a service-based economy, Australia continues to win acclaim in the areas of information technology, wealth management, education, tourism, education, and professional services. This makes Australia a lucrative destination to invest for business owners with creative investment ideas.

Globally Integrated Economy- Australia takes pride in its ties with the world’s major economies, including Asia, Europe, and North America. This makes it easy for foreign investors to take leverage from Australia’s longstanding connections with these economies, and thus expand the potential of their business.

Favorable Business Conditions- In a world where everything is uncertain, Australia is definitely a ray of hope for those seeking for a safe and secure place to do business. The country is lauded for its sound governance, powerful democratic set-up, and a transparent regulatory system together minimize risks related to conduct business activities.

What are the Documents Required for Australia Business Visa ?

In Case of Business Visa and Innovation Visa (Subclass 188)

• Introduced for top-tier entrepreneurs, the visa requires a contribution of over 1.5M AUD to establish a start-up or buy an already existing one. Applicant must be nominated by the state or territory government.
• The visa is granted for 4 years and doesn’t provide permanent residency rather it acts a way to obtain PR in the country.
• The investor must not be older than 55 years
• Have net assets and business that can generate around 2.25M AUD annually.

In Case of Subclass 888

• The investor must have been sponsored by the government of Australia
• Must not be older than 55 years
• To be eligible for this visa, one must be the primary holder of subclass 188, 444, or 457IE visas.
• The investor along with their family members must meet the health and character requirements.
• Must be committed to live in Australia and maintain business activities in the country.
• Have no debt with the Australian government

In Case of Australia Business Visa 132

• The investor must own net assets around AUD400 000 as part of the ownership interest for the period of four years.
• All the net assets and funds must be acquired legally and are transferable to Australia within two years once the visa is granted.
• The proposed business plan must have a total annual turnover of at least AUD3 million in at least two years of the period of four years.
• The investor must not be involved in any kind of illegal business activities.
• Must be committed to live in Australia and maintain business activities in the country.

To Conclude

All said and done, Australia’s innovative approach, commercial drive, and unified way of doing a business makes it an ideal choice to conduct business and investment activities. So, don’t delay it much, apply for a business visa Australia and add wings to your business in the best possible manner.