Business and Investment Visas
Business and Investment Visa
The business and investment visas provide an opportunity to own, manage a business, conduct investment activities, or undertake entrepreneurial ventures in Australia. These visas contribute to the growth of the Australian economy and can lead to permanent residency. Many of these visas require state nomination before applying. Specific visas cater to individuals interested in establishing businesses in regional, rural, or low-growth areas in collaboration with state and territory-based economic initiatives. Here are the details on business and investor visas:
Subclass 188 – Business Innovation and Investment Visa (Provisional)
This visa allows individuals to own and manage a business, conduct business and investment activities, or pursue entrepreneurial ventures in Australia. Nominations by a state or Territory government agency or Austrade, along with an invitation to apply, are typically required. It has the following streams:
- Business Innovation Stream :For individuals with business skills, allowing operation of a new or existing business in Australia for five years. Eligible for a permanent visa later. Requirements include nomination by an Australian State or Territory government agency, proof of business success, net assets, and age under 55 years. Processing time varies from 14 to 35 months, and the application cost is AUD 9450.
- Investor Stream: Requires a minimum investment of AUD 2.5 million in Australia, allowing investment activities for five years. Eligible for a permanent visa later. Requirements include nomination by an Australian State or Territory government agency, net assets of at least AUD 2.5 million, and age under 55 years.
Processing time varies from 23 to 38 months, and the application cost is AUD 9450. - Significant Investor Stream: For those investing at least AUD 5 million in Australian investments, allowing investment activities for five years. Eligible for a permanent visa later. Requirements include nomination by a State or Territory government agency, investment in complying funds, and a genuine intention to hold the investment.
Processing time varies from 08 to 26 months, and the application cost is AUD 13860. - Other Streams: Including Business Innovations Extension, Significant Investor Extension, Premium Investor Stream, and Entrepreneur Stream.
Subclass 888 – Business Innovation and Investment (Permanent Visa)
This permanent residency visa is for holders of the provisional subclass 188 visa seeking to continue business or investment activities in an Australian state or territory. Streams include:
- Business Innovation Stream : For permanent residence, requiring holding a visa under Business Innovation and Investment stream for 3 years. Business turnover and asset requirements apply.
Processing time varies from 20 to 27 months, and the application cost is AUD 3310.
- Investor Stream: For permanent residence, requiring holding a visa under Business Innovation and Investment stream for 3 years. Complying significant investment and designated investment requirements apply.
Processing time varies from 21 to 24 months, and the application cost is AUD 3310 with conditions 8515. - Significant Investor Stream: For permanent residence, requiring holding a visa under Business Innovation and Investment stream for 3 years. Complying significant investment of AUD 5 million is required.
Processing time varies from 25 to 27 months, and the application cost is AUD 3310 with conditions 8515. - Entrepreneur Streams: For permanent residence, requiring holding a visa under Entrepreneur stream for 3 years or Business Innovation stream before July 1, 2021. Successful entrepreneurial activities and residency commitments are required.
Processing time varies from 20 to 27 months, and the application cost is AUD 3310 with conditions 8515.
Subclass 132 – Business Talent (Permanent Visa)
This permanent visa allows individuals to live permanently in Australia and establish or develop a business. Two streams are available:
- Significant Business History Stream: For those with an ownership interest in large businesses, requiring nomination by a State or Territory government agency and having access to venture capital funding of at least AUD 1.5 million. Asset and turnover requirements apply.
Processing time varies from 15 to 35 months, and the application cost is AUD 7855 with conditions 8515. - Venture Capital Entrepreneur Stream: For those with access to venture capital funding of at least AUD 1 million, requiring nomination by a State or Territory government agency.
Processing time varies from 20 to 40 months, and the application cost is AUD 7855 with conditions 8515.
FAQ
Explore Our Guidance – Frequently Asked Questions
Discovering the most suitable Australian visa can be complex due to the diverse options, each with its own conditions. Opting for the right visa that aligns with your goals for permanent residency, work rights, dependents, and healthcare access is crucial. Seeking advice from experts is recommended to ensure your chosen visa aligns with your aspirations. Connect with us today for personalized guidance.
Submitting an Australian visa application can be done through either online or paper methods. Online applications are more convenient for managing and accessing your information. However, certain nations or visa types might necessitate a paper application through an embassy. The application process involves creating an online account, selecting the visa type, completing the form, attaching required documents, paying the fee, submitting the application, and awaiting the outcome. To enhance efficiency and reduce the risk of rejection, we recommend applying through our Registered Migration Agents.
When applying for an Australian visa, the following documents are typically required:
- Passport
- Australian Visa Form
- Paid Visa Fee
- National Identity Card
- Police Certificate
- Family Certificates
- Evidence of Financial Capacity
- Health Insurance Certificate
- Evidence of Temporary/Permanent Stay
Permanent residency in Australia allows indefinite stay, and meeting specific requirements is essential. Applications can be made based on humanitarian grounds, as a migrant, or as part of a family unit. To learn more about becoming a permanent resident, consult with our registered migration agents.
The Skilled Occupation List, comprising the Short-Term Skilled Occupation List, Medium and Long-Term Strategic Skills List, and Regional Occupation List, is regularly reviewed by the Department of Home Affairs. The latest list, indicating genuine skills needs, can be found on the Department of Home Affairs website.
Choosing to study in regional areas of Australia offers advantages for long-term residents seeking migration. Benefits include a lower cost of living, a relaxed lifestyle, potential extra points towards permanent residency, and the opportunity for a post-graduate visa lasting up to 4 years.
If you have further inquiries or need personalized advice, schedule a FREE 30-minute consultation with our migration agents.
Note:
Adjustments to content have been made to enhance clarity and professionalism For Correct and concise information please refer to the Department of Home Affairs’ Website https://immi.homeaffairs.gov.au/visas/getting-a-visa/visa-finder
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