Business Visa

Description:

Being a non-Australian citizen, You are not allowed to do business in Australia without having a valid visa. Let‘s learn about the types of business visas.

As one of the forerunners of the global economy, hundreds of thousands of people chose to pack up their lives and opt for a fresh start in business in Australia. Australia is one of the most stable economies that has proven to be welcoming to people worldwide. As a result, many business owners, investors, and entrepreneurs wish to settle in Australia to continue their businesses and strive for higher living standards and an overall improved quality of life.
That’s why numerous provisions are aimed at business owners that allow them to settle in Australia with the help of visas specific to their business model, size, and future plans. These are known as business visas.
This article is a comprehensive guide to the various types of business visas available to businesses willing to start or continue their holdings in Australia. However, before we get into the types, it is important to understand what a business visa is.

What are Business Visas?


Like any other visa, a business visa is a document that serves as a travel authorization. However, it differs from other visas because it is specific to a company’s business endeavors, investors, or employees. In other words, a business visa allows individuals to travel to another country to conduct business either for a stipulated period of time or indefinitely.
A business visa can also constitute activities that don’t necessarily constitute working or carrying out employment whilst the individual resides in the country. On the other hand, a business visa can also be a part of an immigration investment program that aims to provide citizenship to investors and business owners seeking long-term business in Australia.

What are the types of business visas?


There are various types of business visas depending on the stipulated time period of stay, the nature of the business and plans of residence or citizenship. The following is a list of the different business visa

types that apply to Australia:


Business Owner Visa (Subclass 890)
A business owner visa subclass 890 requirements apply
to people who have lived in Australia under the visa subclass 160 – 165 for at least 12 months in the past two years of residence. This permanent visa lets the business owner and their family or partner conduct business indefinitely in the country. This visa also enables owners to freely move in and out of Australia for the next 5 years after acquisition.

If the individual proves eligible, they can apply for Australian citizenship through this visa.
Some of the eligibility criteria for acquiring this visa apart from having lived in Australia include:
⦁ A business in Australia for at least two years immediately before application.
⦁ Meeting standards of character and health
⦁ Holding Visa 160 – 165


Territory or State-Sponsored Business Owner Visa Subclass 892


A state or territory-sponsored visa of subclass 892 grants the owner permanent residence in Australia. In other words, this visa allows the owner to conduct business in Australia indefinitely. It also comes with a travel component of 5 years, allowing the individual and their family to travel freely in and out of Australia. This visa can also be used to apply for Australian citizenship.


Some of the eligibility criteria for this visa include:


⦁ Own any provisional visa from subclass 160 to 165
⦁ Live in Australia on a provisional visa for at least 12 months in the 2 years of residence immediately before an 892 application.
⦁ Have operated or owned a business in Australia for at least 2 years.


Business Talent (Permanent) Visa Subclass 132


This visa applies to those willing to start a fresh business in Australia. This permanent residence visa requires proof of net assets, worth, capital funding and annual turnover. To acquire this visa, the applicant must have a nomination from the territory or state government and fulfill basic health and character requirements.


Parting Words


Applying for business visas requires a meticulous analysis of your business models to fulfill the extensive eligibility criteria for each type and subclass. The numerous details on the visa applications can often make for easy oversights. The immigration lawyers in Perth are experienced in assisting with visa applications and helping clients choose the visa that suits their situation. Contact their team of the best business visa lawyers in Perth for assistance and consultation.

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