Experienced business owners, investors or entrepreneurs may wish to start, take over or be a part of a business or invest in complying funds in Australia. There are a number of temporary and permanent visas to consider.
There are two types of temporary visas:
1. Business Innovation and Investment (Provisional) (Subclass 188) Visa
This is the most common visa for business owners and investors. It is valid for up to 4 years and applicants may apply for permanent residency if they meet all of their visa conditions. Eligibility relies largely on funds the applicant has and plans on using in Australia (anywhere between $200,000 – $15 million). The five streams you may be eligible for include:
- Business Innovation (points-tested);
- Investor (points-tested);
- Significant Investor Visa (SIV);
- Premium Investor (PIV) (Note: invitation only from Australian Government); and
2. Business Visitor Visas
These types of visas are for those who wish to visit Australia for three months or less to attend business meetings, explore business opportunities or engage in any business related activities. There are three main types of temporary visitor visas:
- eVisitor (Subclass 651)
- ETA (Subclass 601)
- Business Stream (Subclass 600)
There are two main permanent visas:
1. Business Talent Migrant (Subclass 132) Visa
This permanent visa is for business owners/investors and high net worth individuals. They will have a genuine interest in establishing a new business or participating in an existing business. The two streams for this visa are:
- The Significant Business History Stream: This is for business persons who have net business and personal assets of at least 1.5 million Australian dollars and an annual business turnover of three million Australian dollars; and
- The Venture Capital Entrepreneur Stream: This stream is for those entrepreneurs who have obtained a minimum of one million Australian dollars in venture capital funding to start a business idea in Australia.
2. Business Innovation and Investment Residence (Subclass 888) Visa
This is the next stage towards permanent residency from the Business Innovation and Investment (Provisional) (Subclass 188) Visa.
If you require assistance with business talent and investor visas, our immigration team has the experience and expertise to help you navigate your way through the Australian visa application process quickly and cost-effectively.