Business Visas for Australia
Due to the coronavirus, the employment market in Australia has become
extremely competitive and the Australian government in recognising that
high-value investors, business owners, and entrepreneurs will generate
jobs, the number of visa places for the Business Skills migration
program has doubled to 13,500 and will be given processing priority.
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$500,000 in current business for 2 of the last 4 fiscal years
- Assets of at least A$800,000 available for transfer to Australia within 2 years
- Evidence an active management role within the business
The Investor Stream
- A minimum of 3 years management skills as an investor or business owner
- Evidence business or investment assets of A$1,500,000
- Deposit A$1,500,000 in an Australian Treasury Corporation for 4 years
- Have an additional A$750,000 of personal assets
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.
Business Talent (permanent) visa - subclass 132
The Significant Business History stream is for high-calibre business owners who want to establish a new or
develop an existing business in Australia. Applicants are not required to pass the points test for this visa class. To qualify for this visa class business applicants must have:
- Assets of at least A$1,500,000 available for transfer to Australia within 2 years
- Net assets in 1 or more businesses of A$400,000 for 2 of the last 4 fiscal years
- An annual turn over of A$3,000,000 in 1 or more businesses for 2 of the last 4 fiscal years
The Venture Capital Entrepreneur stream is for people who have sourced
A$1,000,000 in venture capital funding from a member of the Australian Venture Capital
Association Limited.to start the commercialisation and development of a
high-value business idea in Australia.
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 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.