Business Visas for Australia
Business Innovation and Investment (provisional) visa subclass 188
The following visas are for successful business people who can
demonstrate a high level of management skills as a business owner or
investor. Applicants generally must be under 55 years of age, be
nominated by a state or territory government and score at least 65 on
the points test.
Business Innovation Stream
- Intend to participate in a new or existing business in Australia
- Minimum annual turn over of A$750,000 in current business for 2 of the last 4 fiscal years
- Assets of at least A$1,250,000 available for transfer to Australia within 2 years
- Evidence an active management role within the business
The Investor Stream
You must have at least 3 years' experience demonstrating a high level of skill in successfully managing one or more qualifying businesses or eligible investments.
For at least 1 of the 5 fiscal years immediately before being invited to apply, you must have directly managed a qualifying business in which you had at least 10% ownership interest or an eligible investment of at least AUD1.500.000.
For the 2 fiscal years immediately before being invited to apply you must have personal and business/investment assets of AUD2.500.000 which must be invested in the following proportions:
At least AUD500,000 in venture capital and growth private equity funds which invest in start-ups and small private companies.
At least AUD750,000 in approved managed funds. The managed funds must invest in emerging companies listed on the Australian Stock Exchange.
A 'balancing investment' of at least AUD1.250.000 in managed funds.
The managed funds can invest in a range of assets, including companies listed on the Australian Stock exchange, Australian corporate bonds or notes, annuities and commercial real estate.
Points Test
Points are awarded in the Business and investor stream for - Age, English, qualifications, the number of years experience in business or investment, transferable assets, Annual Turn Over, Innovation and special endorsement by a state or territory government.
Services provided by Concept Australia
Applying for a business visa requires extensive evidence such as audited accounts and tax records as well as proof of active management of your company or investment portfolio.
- An initial discussion to assess your business and investment career
- Advice and assistance with the preparation of your assets and liabilities portfolio
- Advice and assistance with research and the structure of business statements and proposals
- Liaising with your Accountant to obtain relevant financial documents
- Applying to a state or territory government in Australia for nomination approval
- Lodging your Expression of Interest and submitting your application to the Department of Home Affairs
Why should I only use an agent registered with MARA?
The Office of the Migration Agents Registration Authority (OMARA) is managed by
the Department of Home Affairs (DHA) who is responsible for monitoring the conduct of registered
migration agents both in and outside Australia. MARA approves continuing
professional development activities of all registered agents to ensure
they maintain up-to-date knowledge of migration law and procedure so
that only the highest level of advice and assistance is provided to
prospective applicants.
The DHA strongly advise that if you need assistance with the visa
process that you should only appoint an agent who is registered with the MARA. A
person who is not registered cannot offer you legal protection and you
run the risk of
being exposed to migration fraud by someone who has limited knowledge on
immigration procedures and who is not accountable for his/her actions.
Want to know more
If you have started to research your Business visa options for Australia and would like to know more about how we can help you please telephone 0208 315 6700 and ask for Grahame Igglesden or click on the Enquiry form below and submit your details to us.