Australia Business Innovation Stream | Y-Axis Immigration

Invest And Settle In Australia

With incredible opportunities to explore, Australia is one of the best destinations for business people seeking newer shores. Australia is a hotbed for talent and its unique location makes it a regional economic powerhouse. The Australian Business Innovation & Investment Stream (Provisional) visa (subclass 188) allows entrepreneurs to establish or purchase a business in Australia. It is a path to permanent residency that offers incredible benefits to successful applicants. The investor visa team at Y-Axis is one of the most experienced teams globally. Our deep expertise in immigration processes and successful track record make us the perfect partner for your global foray.

BENEFITS OF SETTING UP BUSINESS IN AUSTRALIA:

Entrepreneur visa-two pathways:

There are two pathways for the entrepreneur visa:

  1. If you have a provisional business visa (Business innovation and investment (provisional) visa), you will be eligible for permanent residence after establishing your business
  2. Business visa applicants with extensive experience (Business talent visa) can be sponsored by a state or territorial government for PR visa

With the Business Innovation and Investment (Provisional) visa you can own and manage a business in Australia or conduct a business or investment activity entrepreneurial activity in Australia.

  • The right to establish a new or develop an existing business, or to invest in Australia
  • Unlimited travel in and out of Australia
  • Bring family members with you to Australia
  • Opportunity to apply for Australian citizenship
  • The opportunity to apply for permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888)
  • It is also possible to extend your visa for a further two years if you have applied and been granted the Subclass 188 visa under the Business Innovation stream

Eligibility requirements:

  • Submission of your Expression of Interest in SkillSelect
  • Nomination from a state or territory government agency or Austrade
  • Invitation to apply
  • The applicant must qualify for either one of the following three visa sub-categories:
  • Business Innovation
  • Business Investment
  • Classification as a significant investor
  • When submitting the application, the candidate must be under the age of 55. They should either have a defined business strategy or be willing to invest in an existing Australian business. He should have at least 65 points, which are based on age, education, previous business operations, and investment experience, among other things.
  • The provisional visa program has seven categories:
  • Business Innovation Stream- This provisional visa allows you to operate a new or existing business in Australia. You must be nominated by an Australian State or Territory government agency or Austrade. 
  • Investor stream- For this you will require at least AUD 1.5 million in an Australian state or territory and maintain your business and investment activity in Australia.
  • Significant investor stream- People willing to invest at least AUD 5 million in Australian investments can apply for this visa. They must be nominated by an Australian State or Territory government agency or Austrade.
  • Business innovation extension stream- With this visa holders of the Business Innovation and Investment (Provisional) visa can extend their stay in Australia for 2 more years. For this extension applicants must have had Business Innovation stream visa for at least 3 years and must be nominated by an Australian State or Territory government agency or Austrade.
  • Significant investor extension stream- With this visa holders of the Significant Investor stream can extend their stay in Australia for up to 4 more years. For this extension applicants must have had Significant Investor stream for at least 3 years and must be nominated by an Australian State or Territory government agency or Austrade.
  • Premium Investor stream-This visa requires nomination by Austrade and an investment of at least AUD 15 million in Australian enterprises or in philanthropic contribution.
  • Entrepreneur stream-With this visa you can carry out entrepreneurial activities in Australia.
  • To apply for this visa, you must be nominated by the Department of Home Affairs and meet all nomination conditions as well as the Department of Home Affairs eligibility standards.

Application process

  • You must register and submit an expression of interest to the Department of Home Affairs.
  • Wait for a nomination from a state or territory, or go straight to Austrade and wait for an intimation.
  • After obtaining an invitation, you can apply for a visa.

Processing time

An Expression of Interest must be filed with the Department of Immigration, and the applicant must be sponsored by a State or Territory government. The Department issues the invitation within a few days after the sponsorship is confirmed. From there, the length of time it takes to process your visa is determined by a number of factors unique to your application.

SUBCLASS 891

The Subclass 891 visa is for immigrants who wish to start a business or want to undertake investment activities in Australia. With this visa, you can stay in the country indefinitely. To be eligible as a primary applicant you must have a qualifying visa.

Y-Axis has a dedicated investor team. The experience of the team combined with our expertise in immigration processes makes us your ideal partner to make your business foray in Australia.

Processing time

These visa applications are assessed on a case-by-case basis and the processing time can vary provided you have met the following conditions:

Submitted the complete application with all the supporting documents

Your response time to requests for additional information

Time taken by authorities to verify the additional information you provided

Time taken for the authorities to receive the additional information

Places vacant in the migration program

Australia permanent residency

The Subclass 891 visa is basically a permanent visa. Individuals who have held the required investment in the country either alone or with a partner are eligible for this visa and can stay indefinitely in the country.

Benefits of the visa

 With the Subclass 891 visa, you can

  • Work and study in Australia without restrictions
  • Stay in Australia for an unlimited period
  • Subscribe for Australia’s universal healthcare scheme
  • Apply for Australian citizenship if you are eligible
  • Travel in and out of Australia for five years
  • You can include your family members in the visa application

Eligibility conditions for the Subclass 891 visa

  • You must be the primary holder of a Subclass 162 visa
  • You must have lived in the country for at least 2 years in the previous 4 years immediate to the date of your application while having the Provisional) visa (subclass 162)
  • You must have held a designated investment of 1.5 million Australian dollars for four years
  • You must display a commitment to continue your business activities in Australia
  • You and your family members must meet health and character requirements
ELIGIBILITY :
  • Ownership of a business with a turnover of at least AUD 750,000 for at least 2 of the last 4 fiscal years
  • Net personal and business assets of at least AUD 1,500,000
  • Under 55 years of age, unless the nominating state or territory certifies that you will make an exceptional economic benefit
  • Meet the pass mark in the Business Innovation and Investment Points test currently 65 points. Points are awarded on
  • Age
  • English language ability
  • Qualifications
  • Experience in business or investment
  • Net personal and business assets
  • Business turnover
  • Innovation
  • Special endorsement
  • Have an overall successful career in business

The Subclass 891 visa is basically a permanent visa. Individuals who have held the required investment in the country either alone or with a partner are eligible for this visa.

 
FAQ
What is Investor Visa in Australia?

The Australia Significant Investor Visa was launched by the Government in 2012. It offers a streamlined Australia PR route for HNWIs (High Net Worth Individuals) through investment immigration. It does not offer direct Australia Citizenship. However, Investor Visa holders can apply for Citizenship after 3 to 4 years of residency including 12 months as PR holders.

What is 188 Visa?

The Australia 188 Visa is for individuals with business skills who intend to manage and own an existing or new business in Australia. They can also invest in a territory or state in Australia. It is a provisional Visa and can permit the holders to apply for a PR visa.

How much do I need to invest to get a Business Visa in Australia?

Business owners or successful investors can obtain the Business Investment Visa if they are ready to invest at least AUD 1.5 million in Australia for 4 years.

How much do I need to invest in Australia to get PR / citizenship?

Investors who want to obtain the Australia PR can apply for the Subclass 891 Investor Visa. For obtaining this Visa, they must be ready to invest AUD 1.5 million and must have stayed in Australia for a minimum of 2 out of the last 4 years. They must also be already having the Subclass 160/165 Business Skills Provisional Visa.

What are the eligibility requirements for the Australia Business Innovation stream?

The applicants of the Australia Business Innovation stream must fulfil the below requirements:

  • Have nomination
  • Have ownership of the business with a turnover of AUD 750,000 for any 2 of the last 4 fiscal years
  • Possess business and personal assets of minimum AUD 1,500,000
  • Secure minimum 65 in the test for points
  • Be below 55 years of age
  • Have a thriving business career
  • Must not have involved in activities that are unacceptable
  • Possess proficiency in English at the functional level
  • Fulfil health and character requirements
  • Accept and sign the statement for Australian values
  • Must not have a debt owed to the Government of Australia
  • Must not have the refusal of previous application or Visa cancellation
What is the Australia Golden Visa?

This visa was introduced in 2012. With this visa High Net Worth Individuals (HNWI) can get a PR visa to Australia through investment immigration. Applicants must be willing to invest AUD 5 million in a specific structure to qualify for this visa. Although the investment is high, it is regulated and restricted.

What are the eligibility requirements for the investor visa?

Eligibility requirements again are based on the visa you are applying for and vary from country to country.

For instance, if you are applying for the Subclass 188 investor visa for Australia, you must qualify for either one of the three visa sub-categories:

  • Business Innovation
  • Business Investment
  • Classification as a significant investor

The investor must be below 55 years when submitting the application. They should have a detailed plan for the business or be willing to invest in an existing business in Australia.

What are the different types of investor visa options in Australia ?

Australia offers several visa options to help overseas investors to invest in a business in their country. The visa categories include Subclass 891 visa, the Business Innovation and Investment (Provisional) visa (Subclass 188) and the Australian Golden Visa for investors.

 Australia Golden Visa:

This visa was introduced in 2012. With this visa High Net Worth Individuals (HNWI) can get a PR visa to Australia through investment immigration. Applicants must be willing to invest AUD 5 million in a specific structure to qualify for this visa. Although the investment is high, it is regulated and restricted.

Advantages of the visa:

  • You can stay in Australia permanently
  • You can promote your business and investment activity in Australia
  • You can apply for Australian citizenship, if eligible

Money required for investor visa:

The investment visa for an investor visa will vary depending on the country and the visa category you are applying for. The Australian Golden visa requires an investment of AUD 5 million.

How long does it take to get a Subclass 188 visa?

The Department of Immigration must receive an Expression of Interest, and the candidate must be sponsored by a State or Territory government. After the sponsorship is confirmed, the Department sends out the invitation within a few days. The length of time it takes to process your visa is then governed by a variety of criteria that are unique to your case.

What are the business experience requirements to qualify for the visa?

If the business you nominated to meet the above criteria provides professional, technical, or trade services, you must have spent a minimum of 50% of your time delivering such services and a maximum of 50% of your time managing the firm.

Is it required to pass points test or be under a certain age limit to participate in any stream under the Business innovation criteria?

If you applied for a visa in the Significant Investor or Premium Investor stream, you won’t have to take points test or fulfil any age limits. All of the other streams, on the other hand, require an applicant to meet particular requirements set forth by the immigration authorities.

Is it required to pass points test or be under a certain age limit to participate in any stream?

If you applied for a visa in the Significant Investor or Premium Investor stream, you won’t have to take a points test or fulfil any age limits. All of the other streams, on the other hand, require an applicant to meet particular requirements set forth by the immigration authorities.

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