Today, Australia is an attractive country not only for tourism, but also for permanent residence, employment, education, and investment. Australia attracts entrepreneurs due to its stable economy, skilled workforce, and developed infrastructure. A reliable legal system creates favorable conditions for business and investment.
The Australian government actively supports small and medium-sized businesses, provides grants and tax incentives. Developed infrastructure, including transport networks, energy resources also allow for success in the Australian and Asia-Pacific markets. Australia is a multicultural country where a tolerant attitude towards people of different cultures is cultivated. For entrepreneurs who want to develop business and investment in the country, it is necessary to obtain a Business Visa Australia.
Visa requirements, features of obtaining
The task of business immigration is to stimulate investment in the economy. In this case, the applicant must meet the following requirements:
- have a certain amount of assets that can be transferred to the local economy after moving;
- successful history of doing business in your country;
- developed business plan for the future business;
- age restrictions — in some subclasses;
- nomination of a state or territory government agency to receive an invitation and submit an application.
There are four business immigration streams in total. It is assumed that the investor is actively involved in the business or makes investments.
Asset volume for the Business Innovation stream
The annual turnover must be at least AUD 750,000 over the past 2 years, and the total capital must be at least AUD 1.5 million. To obtain this type of visa, you must pass a special test. Its result must be at least 65 points. For the business innovation stream, there is an age limit of up to 55 years. The applicant must prove his desire to permanently manage the business in the country.
When directing the Entrepreneur stream, you must also meet a number of requirements. The applicant proves his intentions to introduce entrepreneurial activity in accordance with Australian law. He must demonstrate innovative ideas that stimulate the development of enterprises, the economy and technology. To check eligibility, you need to contact the nominating state or territory. Read more about the terms of registration here https://sydneyvisas.com/visa/skilled-migration-visas/.
For passive investment, you need to manage a business or investment for 3 years, have family assets of 2.5 million Australian dollars over the past 2 years.
To conduct business and have business contacts in Australia, you need to prove your proficiency in English. Along with other documents, the applicant submits an international certificate.
Application process
Depending on the subclass of the visa, it gives the right to temporary and then permanent residence in the country. Different levels of investment require different levels of business experience.
The application process:
- submitting a statement of interest for nomination in the state or territory;
- collecting all the necessary documents;
- applying for a visa online;
- waiting for a decision and receiving a visa.
Once approved, the applicant has the right to live in Australia with his or her spouse and children under 18. Family members must take out health insurance and meet the English language proficiency requirements.
Since most procedures are carried out online, the application will be quick and convenient. Article provided by https://sydneyvisas.com/