Business owners who have enjoyed success in their respective fields can now apply for Business Visa in Australia. You will be able to operate a new or an existing business in the country upon arrival. Business Visa also gives you the chance to bring your family members to Australia with you. Those who enter the country with a Business Visa will be allowed to apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Business Innovation Stream. You will be able to leave and re-enter the country as many times as you prefer once you are granted the Business Visa.
Those who are granted this visa will be able to stay in Australia for up to 4 years and 3 months. In order to apply, you must score at least 65 points on the points test. You will also have to provide proof of your business success. Records to show your annual turnover as well as the ownership stake will have to be submitted. You, your partner or you and your partner together will have to have total net business and personal assets of at least AUD 800,000 in order to apply for Business Visa.
Once you are granted the Business Visa, you will have to maintain ownership interest in a business set up in Australia. You will also have to get involved in the ongoing managerial tasks of the business. Your business will also have to:
- Develop lasting business connections with international markets
- Create jobs for those living in Australia
- Export goods manufactured in Australia
- Produce goods or services which would otherwise have to be imported
- Introduce new technology
- Enhance the commercial activities as well as the competitiveness within the economy of Australia