Courtesy – firststepimmigration
Australia is a thriving hub for entrepreneurship and offers attractive visa options for individuals looking to start a business in the country. The Australian government encourages innovation and economic growth, making it an ideal destination for ambitious entrepreneurs and investors. Here, we explore the visa options available for starting a business in Australia.
Business Innovation and Investment (subclass 188/888) Visa: This visa pathway is designed for individuals with a successful business background or a high net worth. It offers four streams: Business Innovation, Investor, Significant Investor, and Entrepreneur. Each stream has specific requirements and benefits, catering to different types of business ventures and investment capacities.
Business Innovation Stream: This stream is for individuals with a successful business career who have a genuine intention to establish, develop, or actively manage a business in Australia. It requires a minimum investment and turnover in the business. For more information on business innovation stream, speak to migration agents in Perth.
Investor Stream: This stream is for individuals who are willing to make a significant investment in Australia. It requires a specified investment amount in government bonds, managed funds, or eligible Australian businesses.
Significant Investor Stream: This stream is for high-net-worth individuals who are willing to make a significant complying investment in Australia. It requires a minimum investment in eligible investments, such as venture capital funds, emerging companies, or managed funds.
Entrepreneur Stream: This stream is for innovative entrepreneurs with a high-potential business idea. It requires endorsement from a state or territory government and a funding agreement of a certain amount.
These visa options provide pathways for individuals to establish or expand their business ventures in Australia, contribute to the economy, and potentially gain permanent residency. It is important to thoroughly research the requirements and consult with a registered migration agent to ensure eligibility and understand the obligations associated with each visa option.
