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Australia is a country that offers more than many business opportunities. It has a stable economy and has a considerable amount of investment options. Since the country has had a stable economic system for a long time, it attracts many foreign investors in business a year. An Australian business visa is a visa option that is exceptionally available for business people. People who are selected are with high net worth, and people who venture capital firms and other experienced business people this visa.
In this article, we (Immigration consultants in Sydney) will bring you everything you need to know about getting a approval to a visa under the Australian business visa category. If you are an individual who is thinking about doing business or investing in Australia, this article is for you.
What is an Australian business visa?
Working and skilled visas provide you with many opportunities to get an Australian business visa. It is a particular type of visa that is limited to qualified business individuals in foreign countries. This visa type is an essential segment of the Australian immigration program.
The country also encourages successful entrepreneurs and business people to apply for a visa. The main reason behind this is that it enhances the economy of the country with a great deal.
Therefore, there are few business visas options to provide suitable alternatives to anyone willing to do business.
Why will you need an Australian business visa?
If you are planning to do business or invest or manage a business in Australia, you will have to get an Australian business visa. For example, think that you are planning to work and do business in Australia. Just a work visa cannot achieve this. It would be best if you had a business-related work visa to get approval to do the business.
There are certain limitations in these visa applications too. Therefore, when applying for a business visa in Australia, you must first consider all the options. Then you can use the best type that suits your requirements.
What are the documents you need to obtain an Australian business visa?
To get an Australian business visa, you will have to provide some documents. Remember that these documents will not ultimately decide whether your application is approved or not.
You first have to submit an expression of interest. If your expression of interest is approved, you will receive an invitation to apply for the visa.
Document checklist for Australian VISA:
- Invitation to apply for an Australian visa
- A valid passport
- Proof of assets
- Proof of investments
- Previous business requirements
- Health certificates
- Character certificates
- Points test marks
- Evidence of experience in the relevant field
When it comes to the assets and the investments made, it differs along with the type of visa that you apply.
What are the types of Australian business visas available?
There are four types of visas in an Australian business visa.
They are the business owner category, senior executive category, investor category, and the business talent category.
The ones who can apply for these categories are as follows:
- Business owner visa (subclass 890) – for the owners and co-owners of businesses
- Senior executive visa (subclass 160-165) – this visa category is for the top executive employees of major companies.
- Investor visa (subclass 891)– for the business people and the investors willing to invest in Australia.
- Business talent visa (subclass 132) – this is for business people who are state-sponsored and are of high caliber.
Business Visa Australia: what are the requirements?
All applicants who are thinking about applying for a business owner or a business talent visa have special requirements. They should agree on a contract stating that they will meet the following criteria when they arrive in Australia.
The following rules are for all the businessmen regardless of their visa category:
- Informing the Department of Immigration and Border Protection of their residential address within six months of first entry.
- Continue to inform the department if there are any changes in the address.
The following requirements are mainly for the businesses done by the business owners:
- Business visa holders have to provide input to the Australian economy within 24 months of their first entry
- Create or maintain employment in Australia
- Produce goods or services
- Develop business links with the international markets
If you are a provisional business visa holder, you will have to subside the following requirements:
- Get a substantial ownership interest in a business in Australia. The company should cover at least one of the particular needs of a business owner visa category.
- Actively participate in senior-level management in a business.
The requirements set for the business talent visa holders are that they should meet the above criteria within three years.
The investors have to maintain their investment for a 4-year term.
The inability to comply with these requirements can and will result in the cancellation of the visa.
How much do I need to invest in getting a business visa for Australia?
The business owner visa and other visa categories mainly cost around 2450 Australian dollars.
But if you are planning to receive an investor visa, the investment amounts can change. Though the investment for the visa is substantially the same, you will have to hold a designated investment of 1.5 million Australian dollars for four years. You also have to be a holder of the provisional investor visa. Another requirement is that you should have lived in Australia for at least 2 of the past four years.
However, the investment amounts and other requirements change with time.
Hence, it is always the best that you keep track of the requirements set by the Department of Immigration.
All the details are available through https://immi.homeaffairs.gov.au/visas/getting-a-visa/visa-listing.
How long does it take to get an Australian business visa?
Since the number of applications for these visa types is not very high, a precise time cannot be mentioned. But generally, it can take from 12 to 24 months.
However, remember that this number can be far less or slightly higher than the actual number.
From where can you apply for an Australian business visa?
People from many nationalities can apply for an Australian business visa unless mentioned otherwise.