If you are planning to start your own business or perhaps develop an existing one then you should have the proper business visa. There are a few business visas to choose from such as the Business Innovation and Investment (Provisional) visa (subclass 188). Here are what you should know about this visa and what it can provide you for your future business in Australia.
About the Business Innovation and Investment Business Visa
This Australian business visa is a temporary visa with three streams. Each of these streams has its own eligibility conditions to consider.
Business Innovation Stream – this is for people with business skills that wish to establish, develop, or manage a new business or even an existing business in Australia. In order to be eligible for this, applicants must be nominated by a state or territory government.
Investor Stream – this is for people who want to make investments of at least AUD 1.5million in an Australian state or territory. They must maintain business and investment activities and in order for them to be eligible for this, they will need to be nominated by a state or territory government in Australia.
Significant Investor Stream – This is for people who are willing to invest at least AUD 15million into complying premium investments in Australia. They should also want to continue their business and investments and in order to be eligible for this, the applicants must be selected and nominated by the Australian government.
Once you acquire this visa, you will be able to establish new or develop existing business in Australia. If you wish to invest then you will be able to make designated investments with an Australian state or government territory. You will also be able to travel in and out of Australia so long as the visa is valid, and may also bring your family members with you to Australia. In case you wish for business migration and want your business to be permanent then you will also be eligible to apply for a Business Innovation and Investment (Permanent) visa (subclass 888).
What can Help You Acquire this Business Visa?
If you are having trouble in complying or understanding the requirements in a specific visa, then you should seek the aid of a migration agent Perth. Migration agents are equipped with the knowledge in migrating to Australia. They will be able to provide you with accurate details on specific requirements and may also guide you all throughout the process. They will also lessen the hassle of you having to go through all the paper work yourself, and may give you a higher chance of acquiring your desired visa.