The Australia Business and Investor Visa - Get started in business in Australia today!

The Australia Business and Investor Visa is a low-skilled, non-tourist visa that grants you the right to live, work and invest in the Australian market. This allows you to establish your business and create jobs here. The Australia Business & Investment Visa might be for you if you want to do business in Australia. The visa is usually granted on a 6-month basis but can be extended depending on your requirements and your intended location. On top of that, other factors may also play a significant role in deciding whether or not you should apply for an Australian visa. Let’s look at what this visa offers, how it can benefit your business, and how to get started with your application today.

  Employment   Sep 17, 2022   0   584  Add to Reading List
The Australia Business and Investor Visa - Get started in business in Australia today!

Business and investor visas are available in Australia and can be an attractive option for businesses who want to access the local market while retaining ownership of their business. A business or investor visa allows foreign nationals to work in specific fields under the supervision of an Australian employer or with a particular business entity. The main objective of a business or investor visa is to allow foreign nationals to establish and operate their own company within Australia. To qualify for a business or investor visa, you must: Have at least $30,000 cash available Each year you want to work in Australia. You must also meet specific other requirements - check out our detailed guide on how to get started on your Australia Business & Investor Visa here.

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What is Visa?

A visa is a type of international immigration program that allows certain foreign nationals to work in specific fields under the supervision of an Australian employer or with a particular business entity. Business and investor visas allow foreign nationals to work in specific areas under the control of an Australian employer or with a separate business entity. Investor visas are typically renewable every five years, while business visas are valid for two years.

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What is a business or investor visa?

A business or investor visa allows foreign nationals to work in specific fields under the supervision of an Australian employer or with a particular business entity. The main objective of a business or investor visa is to allow foreign nationals to establish and operate their own company within Australia. To qualify for a business or investor visa, you must: Have at least $30,000 cash available Each year you want to work in Australia. You must also meet specific other requirements - check out our detailed guide on how to get started on your Australia Business & Investor Visa here.

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What Are the Australian Business Innovation and Investment Visa Types?

Here are the business innovation and investment visa types for Australia:

  •     Australia Business Innovation and Investment Provisional Visa – subclass 188. This short-term business visa is issued for four years and three months to visa applicants nominated by an Australian state or territory. You must be invited to apply. For each stream, you must invest significant money and prove that you hold a specific amount of personal and business assets. You cannot apply for this visa if you are older than. Within visa 188, there are several streams you can choose from:
            Business innovation stream
  •         Investor stream
  •         Significant investor stream
  •         Premium investor stream
  •         Entrepreneur stream

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How to Apply for an Australia Business & Investor Visa

You can apply for a business or investor visa at the Australian consulate or local immigration office in your country. You can also go to the Australian embassy or high commission and apply for a business or investor visa there. However, you can find the process to be a bit more complicated, mainly if you are an AI or Q-1 visa holder who wants to apply for a business or investor visa. The Australia Business & Investor Visa Guide provides information on how to apply for an Australian business or investor visa and what to expect during the visa application process. If you are an AI or Q-1 visa holder, you can apply for a business or investor visa at the Australian High Commission or the Australian Consulate in your country.

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How long will it take to get a business or investor visa?

You can expect to start the application process for a business or investor visa about three months after you arrive in Australia. For example, if you come to Australia on January 1, you can apply for a business or investor visa for the year that starts on that date. However, some applicants are selected for faster processing, which results in a quicker visa. The selection process is based on a careful review of your application and may be followed by a selection group. If you are one of the selected applicants, you can expect to hear back from the Australian Consulate in your country within three to five working days.

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What Documents Should I Submit for My Business Innovation and Investment Visas?

You need to submit the following:

  •     Passport.
  •     National identity card (if required).
  •     Driver’s license (if required).
  •     Two recent identity photographs.
  •     Character documents.
  •     Financial statements.
  •     Proof of personal and business assets.
  •     Six photographs of your business establishment.
  •     A one-page organizational chart of your business.
  •     Proof of English Language Skills.
  •     Outline your business activities.
  •     Proof that you own your business.
  •     Evidence that you purchased your business (if applicable).
  •     Business Activity Statements (BAS).
  •     Australian Business Number (ABN).
  •     Evidence of having employed full-time employees.
  •     Proof of your managerial position within the business.
  •     Documentation of the points test.
  •     For your family members, you will also need to include these 
  •         Passports
  •         Marriage certificate
  •         Divorce papers
  •         Birth certificates
  •         Adoption papers
  •         Dependency evidence
  •         Relationship proof
  •     Include the following forms for your business visa application:
  •         Business innovation and investment visa application form 47BU
  •         Statement of assets and liabilities form 1139A (SALP).
  •         Form 80 for your character assessment.
  •         Form 1221.
  •         Assistance form 965a.
  •         Migration agent help form 956.
  •         Form 927.
  •         Form 1217.
  •         Form 1413D.
  •         Declaration of dependent children form 47a.

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Who can apply for a business or investor visa?

Business or investor visas are offered to selected clients who meet specific eligibility criteria. To be eligible for a business or investor visa, you must: Be a national of, or a citizen of, a country that allows you to apply for a business or investment visa. Have a permanent or specific job for at least three months - for example, a full-time job. You must also show that you are competent and qualified to work in that job. Have a bank account (or accounts) of sufficient size and maintained for at least three months. You must also show that you have access to the funds and can use them. Have a valid passport or travel document which does not expire for at least five years.

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Get Started on Your Australia Business & Investor Visa - Here's how!

Start your application process by filling out an application form. You can find the form and more information on our website. Then, attach your documents which include: Resume or CV - This is the main document that will show your past employment and educational history. This document will also support your claim to be an eligible employee. Evidence of Funds includes bank statements, income tax returns, paychecks, etc. Evidence of Health Conditions - This provides proof that you have the required health conditions which would allow you to work in Australia. Evidence of Assets - This includes savings bonds, stocks, etc. Evidence of Proficiency in English - This is a requirement for all applicants. You must show that you have proficiency in reading and writing in English.

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Document Instructions

Your supporting materials for your business innovation and investment visa application must be in English when you apply. Ensure to include a translated copy of any papers issued in a different language than the original.

You may interpret your papers through the National Accreditation Authority for Translators and Interpreters. Your translator must provide their full name, address, phone number, and credentials in the translated documents if you are located outside of Australia.

An independent accountant must compile your financial accounts following international accounting standards. A balance sheet, a profit and loss statement, and account notes are required in the financial records.

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Summing up

A visa is a type of international immigration program that allows certain foreign nationals to work in specific fields under the supervision of an Australian employer or with a particular business entity. Business and investor visas allow foreign nationals to work in specific areas under the control of an Australian employer or with a separate business entity. To qualify for a business or investor visa, you must: Have at least $30,000 cash available Each year you want to work in Australia. You must also meet specific other requirements - check out our detailed guide on how to get started on your Australia Business & Investor Visa here.