The Australian Business Visa Program is ideal for investors, senior executives and business owners who are willing to invest, work and permanently settle in the country. The two-step process includes an application for a provisional visa valid for four years and a request for permanent residency when you establish your business in Australia and get a sponsorship by a state or territory government. Let us help you find the right pathway and make a successful application.
1 – Criteria for Business Migration Australia
Not sure if you qualify for the business visa? The first step is to understand who this program is for. It has been created to attract different types of business professionals and investors who are willing to contribute to Australia’s economy. It is intended for four categories of people:
- Business owners
- Senior executives
- Individuals who want to invest in Australia
- Individuals who are sponsored by a state or territory government
There are also additional requirements for each type of visa. For example, you need to be of a certain age and prove to have sufficient funds or that you have made substantial investments. It is essential to choose the right type of visa and ensure you meet all the requirements. A registered migration agent can help you choose the best pathway depending on your specific circumstances.
2 – Types of Business Visas and Streams
You also need to inform yourself on different types of visas and streams because it is crucial that you pick the right one for you. Remember that you can apply for a permanent visa only if you previously obtained a provisional one and met certain criteria. The first step is to apply for a temporary visa. Here is the full list of visas you might be eligible for:
- Business Visitor Subclass 600 Visa: ideal when travelling for a short visit, including conferences and business meetings
- Business Innovation and Investment Visa (Provisional) 188: this visa is perfect for anyone who wants to invest, set up a new business in Australia or develop an existing one; there are three streams: business innovation, business investor and significant investor stream.
- Business Innovation and Investment Visa (Permanent) 888: this visa is available for holders of the 188 visa, and it allows you to continue with your business and investment activities. You can choose between three streams: business innovation, investor and significant investor.
- Business Talent Subclass 132 Visa allows you to become a permanent resident of Australia if you are nominated by one of the Australian state or territory government agencies. You need to be invited to apply for this visa after submitting EOI (Expression of Interest) through SkillSelect.
- Business Owner Subclass 890 Visa
- Investor Visa Subclass 891: for those who undertake business and investment activities in Australia and hold a Subclass 162 Investor (Provisional) Visa
- State/Territory Sponsored Business Owner Visa Subclass 892
- State/Territory Sponsored Investor Visa Subclass 893: ideal for investors who are already sponsored by a state or territory government agency and have been in Australia for four years. To be able to apply, you need to have a Provisional Visa Subclass 165
3 – Processing Times for Every Type of Business Visa Australia
When deciding which type of visa you want to apply for, you should consider the processing times. Waiting for some of the visas can take up to 18-24 months, so you might want to select a different option in order to get your residence permit earlier.
It is essential to know which factors can influence processing times. The speed varies from one case to another, which means that you can make a significant impact by lodging a great application. Make sure that you submit a complete application and support it with relevant documents. If you fail to do this, the process might take much longer, and there is a risk that your application will get rejected. Consulting a registered migration agent will maximize your chances to get your visa faster.