Australia majorily have two type of business visa programs:

  • Australia Business Talent (Permanent) Visa (Subclass 132)
  • Business Innovation and Investment Provisional Visa (Subclass 188)

Australia Business Talent (Permanent) Visa (Subclass 132)

Australia Business Talent (Permanent) Visa (Subclass 132) is basically a Permanent Residency Visa (PRV) and it's meant for those who are keen to either come-up with a new or already running set-up or firm/enterprise in the country. Some overseas entrepreneurs could have the necessary qualifications for the visa. You, as a visa applicant, must have a minimum personal assets, net business, besides yearly business turnover, or a minimum in venture capital finance. To submit an application you also need to have nomination from a state or territory government agency of Australia.

Australia Business Talent (Permanent) Visa (Subclass 132) Eligibility:

  • Have nomination from an Australian territory or state administration organization.
  • Have the Invitation to Apply (ITA) for the visa. You require presenting an Expression of Interest (EOI) via SkillSelect for ITA.
  • Possess assets of 1.5 million Australian Dollars and business turnover of 3 million (Significant Business History Category) or Possess backing of not less than 1 million Australian Dollars from an Australian venture capital organization (Venture Capital Entrepreneur Category).
  • You and your family members (whether or not they are a part of your petition) must fulfill the mandatory health & character conditions.
  • You and your family members (whether or not they are a part of your petition) must fulfill the mandatory health & character conditions.

Business Innovation and Investment Provisional Visa (Subclass 188)

This 4-year provisional permit is basically for ambitious investors & business owners who are eager to set-up business activities in Australia. A crucial component of the well-known Australia Business Visa known as Australian Business Innovation & Investment Scheme, the temporary Business Innovation and Investment Permit strives to fuel the country’s economy.

Time Period and Eligibility

As mentioned before, Australia Business Innovation & Investment (Provisional) (subcategory 188) Visa has a validity of 4 years. After one has successfully maintained an investment in the country for a period of 4 years or set-up an ownership interest in a firm of Australia, the candidate may file a petition for Permanent Residence (PR), via the Business Innovation & Investment (Residence) Subcategory 888 Permit.

Those who have submitted submissions for the Business Innovation stream, a 2-year extension is achievable once they have held the subcategory 188 Permit for a period of three years, in the process, offering the aspirants 6 years from the time of the offering of the original permit.

  • Present an Expression of Interest (EOI);
  • Have nomination from an Australian territory or state administration;
  • Be less than 55 years;
  • Have a successful business and/or investment background;
  • Own sufficient business & personal reserves; and
  • Hold (for business stream) an overall assets of not less than AUD800 000 acquired legitimately, which may be transmitted to the country officially, inside 2 years of the receipt of the visa/permit;
  • Hold (for business class) an overall yearly turnover of at least AUD500 000 in not less than 2 out of the 4 fiscal years, without any delay, prior to getting an invite to submit a petition;
  • Have (for investment stream) an overall worth of a minimum of AUD2.25 million for the 2 monetary years, minus any delay, before receiving an invite to submit a petition;
  • Have (for investment stream) an overall thriving evidence of fitting investment or duly licensed business doings with no involvement in any kind of unacceptable actions; and
  • Attain at least 65 test points.

If you seek more information on immigration process. you can write an email on info@westerngate.co and our most experienced immigration consultants in kuwait will get in touch with you to help you out with your concerns. You can also choose to call us on +965 65777494, 65777423 or directly interact with the expert through our Live Chat window.

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