Tues, 12th December 2023
To embark on this entrepreneurial journey, you'll require a business visa Australia. The Business Innovation and Investment category by SIEC Migration caters to migrants aspiring to contribute to Australia's economic growth through business ventures.
The category includes three pivotal visas:
1. Business Innovation and Investment (Temporary) Visa (subclass 188):
This initial step shows the way for permanent residency in Australia via the Business Innovation and Investment Visa (subclass 888). It grants you the freedom to set up or manage a business, own and run an existing business in Australia, or invest in an Australian state or territory.
The three streams under this visa have specific qualifying criteria:
2. Business Innovation and Investment (Permanent) Visa (subclass 888):
This phase is the permanent residency in Australia, allowing you to own and manage a business, engage in business and investment activities, or pursue entrepreneurial business in Australia.
Qualification criteria vary for each stream are as follows:
3. Business Talent (Permanent) Visa (subclass 132): Designed for prospective immigrants seeking to establish or invest in a business in Australia with state nomination, this visa grants permanent residency.
It features two qualification streams: Significant Business History and Venture Capital Entrepreneur.
The Business Innovation and Investment visa application involves three steps:
Now, let's delve into the crucial steps for starting a business in Australia, as outlined by the Department of Industry, Innovation, and Science:
For those seeking guidance, our SIEC experts can assist throughout the application process.
Summary
Your first task is getting assessed in starting a business in Australia is seeing if you qualify for one of Australia's business visas. If the outcome is positive, you can proceed with your visa application with SIEC Migration experts.
Ready to get assessed? Simply book a consultation call with us right now. One of our SIEC consultants will be in touch within the hour, enabling you to take the first step in hopefully starting a business in Australia.
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