How to Apply for an Australian Business Visa?

Australia has appeared as the number one choice to start a business venture. If you are thinking of taking your business abroad, Australia could be an ideal option. The country invites investors from all across the world to invest in its land. For which, various types of Australian business visas are offered. Let's know about the types of Australian business visas. 

Business Innovation and Investment (provisional) Visa

The visa falls in the subclass 188 that allows investors to stay in Australian for up to 4 years and 3 months. The type of visa plan has several streams. Investors have options to choose a suitable stream. The innovative stream allows those who have business skills. It can be applied from inside or outside Australia. During the validity period of the visa, the Business Innovation and Investment (permanent) visa subclass 888 can be applied. 

Business Owner

The visa is subclass 890. It is for those who own and manage a business in Australia. Eligibility for the visa is that who owned and operated a business in Australia for at least 2 years right after the application is made. It is a permanent visa plan. 

Business Talent Visa

It is a permanent visa plan. The basic eligibility of the visa plan is that the candidate must be nominated by an Australian state or territory government agency, must get an invitation to apply for the visa, and have enough amount of funding. The permanent visa plan is further divided into various streams. The Significant Business History Stream is for experienced business owners to operate a new or existing business in Australia. The investor must have at least AUD 1.5 million and the company profile shows the annual turnover of around AUD 3 million for at least 2-4 fiscal years. 

Venture Capital Entrepreneur stream of the visa for those who have sourced venture capital funding from AIC or the Australian Investment Council. The funding amount can range around AUD 1 million. There is no standard processing time. 

Australia is one of the best countries in Asia for starting a business venture. A leading business visa consultant can guide you with the best business visa plan for your venture after considering your investment estimate and the type of profession. Contact a reputed visa consultant of Australia to discuss your plan.