Australia has a number of business visa options for eligible applicants who are interested in investment, buying or establishing a business activity in Australia.
There are both temporary and permanent residence options available. Whether you can qualify directly for a permanent visa, or a perhaps take the temporary residence pathway can be influenced by a range of factors, including your age, business/investment history, assets and your plans for business in Australia. We can provide advice to you on temporary and permanent residence visa options.
The main visa options include:
Subclass 188 – Business Innovation and Investment
This is a four year provisional visa with options for permanent residence. There are four streams available:
- Business Innovation for owners who want to relocate, purchase or establish a new business in Australia
- Business Investment for successful investors or owners who are willing and able to invest into a State/Territory investment program for four years
- Significant Investor for people who are willing to invest>>>
- Entrepreneur for people how have a funding agreement from a third party to undertake a complying entrepreneur activity to lead either to the commercialisation of a product of service in Australia or the development of a business in Australia.
All four streams require sponsorship from a State or Territory Government.
After achieving a minimum period of residence and certain milestones, holders of a subclass 188 may qualify for a Subclass 888 visa. The requirements are determined by which stream the subclass 188 visa was granted under.
Subclass 132 – Business Talent
This a permanent residence visa option is for high calibre business people who intend to undertake a business activity in Australia of exceptional economic benefit. Eligible applicants can bypass the temporary residence process outlined above. There are two streams:
- Venture Capital Entrepreneurs for those who have a significant amount of funding from an eligible Australian venture capital firm to develop an innovation to a commercial stage
- Significant Business History for high level business owners intending to undertake significant business activity in Australia that will provide either employment, exports or high level investment.
At MSM Legal, our team of lawyers we can also assist you with other areas which can be crucial to the success of your application.
Our commercial lawyers can provide guidance on this wide range of other documentation, which can all be relevant to your visa application.
Our Wills and Estates lawyers can also provide further documentation that may be required for some visas. Partner visas, for example, can be assisted by having Wills recognising the relationship between applicants and sponsors.
There are many ways MSM Legal can assist you to make your application stronger – let us know how we can help you.