If you want to start a business or investment in Australia, there are multiple visas you can consider applying for. Since business migration is usually complex, even assessing your chances of getting a visa can be challenging. We have pro tips on how to choose the right type and submit a successful application.
1 – Understand the Requirements for Different Types of a Business Visa Australia
The first step is to do your research and understand the requirements for each type of business and investor visa. Many of them require a state nomination before applying, while some entail high annual turnovers. It is essential that you meet all the prerequisites before you apply. Here is the full list of visas suitable for business owners and investors:
- Business Innovation and Investment (permanent) visa (subclass 888)
- Business Innovation and Investment (provisional) visa (subclass 188)
- Business Owner (subclass 890)
- Business Talent (Permanent) visa (subclass 132)
- Investor visa (subclass 891)
- State or Territory Sponsored Business Owner visa (subclass 892)
- State or Territory Sponsored Investor visa (subclass 893)
2 – Choosing Between the Business Innovation and Investment and the Business Talent Visa
If you are a skilled business owner, you may be eligible for the Business Innovation and Investment visa. Typically, the best solution is applying for the Australia Business Visa Subclass 188, which allows you to establish and develop a business and stay in the country for four years and three months. You can then apply for the visa subclass 888 which is permanent. Since visa subclass 188 has three different streams, you need to establish which one is the most suitable for you.
Alternatively, you can apply for the Business Talent Visa Subclass 132, which comprises two different streams and allows permanent residency. However, this visa has strict requirements regarding personal assets.
3 – Take the Nitty Gritty Details of your Visa Application Seriously
When filling in your application, even the tiniest details are important. Make sure to cross-check all the information and correct every mistake you can find. Inconsistent data, unanswered questions or miswritten dates can cause massive problems and even result in a refusal of your application.
4 – Back Your Application with Evidence
To ensure your application is successful, you need to back every claim with adequate evidence. Supply all the relevant documents such as your qualifications, financial statements, evidence of ownership, evidence of the net value of your company and a business plan.
5 – Get it Right the First Time
Being a holder of a Business Visa in Australia comes with many benefits, and refusals can be disheartening. It is crucial that you submit the best possible application the first time because a failed visa application will be counted against you the next time. If you are not confident you can do this professionally, it is best to hire a registered migration agent. An experienced professional will help you every step of the way. Firstly, they will advise you which type of visa to apply for and check whether you are eligible or not. They can also help you prepare all the relevant documents and fill in the application form correctly.