All businessmen and those who only plan to enter this industry seem to be aware of the benefits this country offers for business owners. Australia is a rather welcoming country both in terms of tourism and business immigration. If you want to start a business, but you see that your country is hardly a suitable place to do it, feel free to move anywhere else. There’s no sense in wasting your money in your native country when it’s possible to gain profit from them in Australia.
Today we discuss business immigration to Australia not without reason. The good living conditions and profitable conditions for business in this country make businessmen obsessed with it. You may be surprised, but it’s not difficult to move to Australia and start a business as a non-citizen. We understand that you may be afraid of it since you know nothing about the immigration law of Australia, but fortunately, you’ve visited the right page. We’ll quickly explain how everything works, and you’ll no longer be afraid to change your life. Australia is a country with a stable economy and political situation. It has a strong economic connection with the Asian market. Recent surveys and studies proved that Australia gets higher in the ranking of the richest countries.
The educational system is another reason why some people consider moving there. By the way, it’s a faster way to get work, citizenship, and then even start your business. That’s why you can also consider this case scenario. Even though English is the main language of instruction here, it’s essential to face problems with studying. The opportunity to order custom essay writing helps thousands of international and native students avoid issues. In case you have to write a paper but have no idea how to do it, just visit the essay writing service, and experts will help you.
How Can Non-Citizens Launch A Business in Australia
If you think it’s necessary to live in this country for several years and then get citizenship to be eligible to start a business, you’re wrong. Again, Australia is open to new bright minds that can do good for the country. To let non-citizens operate businesses in Australia, the government created several types of work visas. Let’s discuss all of them, and you’ll understand which one suits you.
1. Business Innovation and Investment Visa (Provisional)
This one is designed for people having some experience in the business. However, if you’re a newbie who plans to move to Australia to try luck in business, the Provisional visa isn’t for you. It lets you stay in the country for up to 5 years and then apply for a permanent visa. Those who apply for it after 1 July 2021 should have at least 1,250,000 AUD personal assets and net business. If you want to bring family members with you, a visa allows it.
2. Entrepreneur Stream
If you’re a startup entrepreneur with no experience, you can also have a business in Australia with the Entrepreneur Stream visa. It presupposes staying for five years with the opportunity of extension. Take into account that you’ll be nominated for it only if you present a well-designed and effective business plan. Good knowledge of English is another important requirement for you to meet.
3. Investor Stream
It is a visa for those who don’t want to start a new business in Australia and found a profitable endeavor to invest in. But the sum of investment should be at least 2,5 million AUD. Earlier, the minimal sum was 1,5 million, but investors have to pay more since the recent change in the law. Investor Stream Visa allows staying in Australia for up to 5 years.
3. Significant Investor Stream
If you’re ready to invest up to 5 million AUD into the Australian economy and are nominated by the State government, the Significant Investor Stream Visa is for you. It’s similar to the previous one, but you also should express an intention to live in the State that nominated you. By the way, this and Investor Stream Visa holders can apply for an extension to stay in the country for 2-4 more years.
4. Premium Investor Stream
Premium Investor Stream is a perfect choice for large investors. The minimum sum you should be ready to invest to be eligible for applying for this visa is 15 million AUD. Getting this visa is a bit more difficult because the investor should be nominated both by the government and Austrade to prove that you have the source of income and genuine desire to invest in the economy. The visa holder can stay in the country for up to 4 years and three months. After that, those who have this visa can apply for a permanent visa.
Get the visa you need to start
The process of applying for all visas is similar. First of all, you visit the Department of Home Affairs online and fill in the necessary form using their online service. Then it’s checked by certain authorities, and you get an invitation from the Austrade, state, or territory government. It’s an invitation to apply for a visa. The next sequence of actions depends on the type of visa you choose; in most cases, you just gather all documents, send them to the embassy, and wait until your visa is approved.