Business Visa

 Business Visa 

Australia wants to attract business people who have the characteristics necessary for business success in Australia.
There are 2 pathways for Business Skills entry:
1. As a provisional visa holder with eligibility for permanent residence after establishing a business in Australia; or
2. Direct permanent residence for high caliber business applicants sponsored by a state or Territory government.

Provisional visa categories 

• Business Innovation and Investment (Provisional)
• State/Territory Sponsored Business Owner (Provisional)
• Business Owner (Provisional) State/Territory Sponsored Senior Executive (Provisional)
• Senior Executive (Provisional)
• State/Territory Sponsored Investor (Provisional)
• Designated Investment (for Investor categories)
• State/Territory Treasury Corporations

Permanent visa categories

• State/Territory Sponsored Business Owner (Residence)
• Business Owner (Residence)
• State/Territory Sponsored Investor (Residence)
• Business Talent (Migrant)

coe-skilled visa
Investor visa

• Applicants make a $5 million dollar investment
Migrant investors are required to invest AUD$5 mill. into complying investments for a minimum of four years before being eligible to apply for a permanent Australian visa.

• Relatively relaxed investment criteria and options
The minimum of $5 million doesn’t have to be invested in an operating business or government investments. Investments can now be made in managed investments / investments made available to the Australian public.

• The investments
Complying investments for the Significant Investor visa include:

  • Commonwealth, State or Territory government bonds
  • Australian Securities and Investment Commission (ASIC) regulated managed funds with a mandate for investing in Australia; and
  • Direct investment into Australian proprietary companies.

• English proficiency
There is no English language threshold requirement for applicants. However, all applicants and any dependents over the age of 18 years old who are unable to demonstrate functional English language ability must pay a second installment of the visa application charge (not a huge amount).

• Age criteria
There are no age requirements.

• Broad Australian immigration rules that apply
To be granted a permanent Significant Investor visa, the primary visa holder must be resident in Australia for at least 40 days for every year or part year that they have held a provisional Significant Investor visa. The residence period does not need to be met per year but can be met cumulatively over the time the primary visa holder held the provisional visa.

Direct property investments do not qualify. You may however invest in ASIC regulated managed funds which may invest
in real estate in Australia. The source of assets or funds used to make the complying investment must be unencumbered and lawfully acquired.

 

Intending applicants for a provisional Business Innovation and Investment visa will record their proposed investment in Australia and once nominated by a State or Territory government will be issued an invitation by the Australian Government to lodge a visa application.

The Australian Visa application process is very involved, with many requirements to be met. Coe Migration Broad Australian immigration rules that apply.

More Details:
  1. Business Migration – Provisional

    Business Owners – Business Innovation and Investment (Provisional) (Subclass 188)
    For people with business skills who want to establish, develop and manage a new or existing business in Australia. They can demonstrate an ownership interest in an established business or businesses that had at least AUD500 000 turnover. At the time of invitation, the applicants’ family must have total net assets of at least AUD800 000 that are lawfully acquired and available for legal transfer to Australia within two years of the visa being granted. Click here for more information.

    Investors – Business Innovation and Investment (Provisional) (Subclass 188)
    For people who want to make a designated investment of at least AUD1.5 million in an Australian state or territory and maintain business and investment activity in Australia. Click here for more information.

    Investors – Investor Retirement Visa (Subclass 405)
    A temporary visa for people aged 55 years or older who are able to make a significant long term financial investment in Australia. This visa is not a pathway to a permanent visa.

    Significant Investors – Business Innovation and Investment (Provisional) (Subclass 188)
    For people who are willing to invest at least AUD5 million into complying investments in Australia and want to maintain business and investment activity in Australia. Click here for more information.

  2. Business Visa – Permanent
    High Calibre Business Talent – Business Talent (Migrant) (Subclass 132)
    For high calibre business people, sponsored by a state or territory of Australia, who are owners or part owners of an overseas business and have a genuine and realistic commitment to participate in the management of a new or existing business in Australia.
    • permanent residency for 5 years to manage a business in Australia (and continue others overseas)
    • must be less than 55 years of age
    • must be sponsored
    • family can come to Australia

    Business Owners – Business Owner (Residence) (Subclass 890)
    For people to assist in the economic development of Australia. This visa allows you to stay in Australia on a permanent basis for the purpose of owning a new or existing business.
    • can be applied for after holding a provisional visa

    Business Owners – State/Territory Sponsored Business Owner (Residence) (Subclass 892)
    For people, sponsored by a state or territory of Australia, to assist in the economic development of Australia by ownership of a new or existing business.
    • can be applied for after holding a provisional visa

    Investors – Investor (Residence) (Subclass 891)
    For people who hold an Investor (provisional) visa and have maintained their designated investment/s for at least 4 years. Applicants must have been in Australia for at least 2 of the last 4 years.

    Investors – State/Territory Sponsored Investor (Residence) (Subclass 893)
    For people who hold an Investor (provisional) visa and have an overall successful record of business or investment activities, and significant net assets to invest in a designated investment in Australia for four years. Applicants must also have a genuine commitment to maintain business and investment activity in Australia and be sponsored by a state/territory authority.