Are you a successful entrepreneur or businessman looking to expand your business to Australia? Well, there is no doubt that the Australian Business visa will be an ideal choice for you. This Business Migration visa in Australia allows established and successful businessmen and entrepreneurs from all around the world to apply for a permanent residency.
Of course, it comes with its own set of requirements and processes. But if you fulfill all the criteria, it is definitely worth pursuing.
Let’s find out different types of Business Migration visas available in Australia, how to obtain those visas, the visa application process, the approximate timeline for visa outcome and why business migration is a great option for established and successful businessmen. We will also explain how Lumos Global can help you to get a Business Migration visa in Australia.
Types of Business Visas in Australia
There are several different types of business visas available for those looking to migrate to Australia. Each type of visa has its own set of requirements, so it is important to understand the criteria before applying. The two main types of business visas are the Business Innovation & Investment visa and the Business Talent visa.
The Business Innovation & Investment visa (subclass 188) is for those who wish to establish or manage a new or existing business in Australia, as well as those looking to invest in an Australian state or territory. This type of visa requires applicants to hold a designated investment of at least $A1.5 million in an eligible business or investment, and have a minimum of three years’ experience managing businesses.
The Business Talent visa (subclass 132) is for those who wish to own and manage their own business, as well as investors looking to invest in Australia. This type of visa requires applicants to demonstrate their business management skills, as well as own and manage an eligible business or investment in Australia. Applicants must also have a designated investment of at least $A1.5 million and hold a senior managerial position in the business for two years before applying.
Visa Application Process
The visa application process for business migration in Australia is different from other visa types. Applicants must first meet the criteria for one of the two main types of business visas – the Business Innovation & Investment visa or the Business Talent visa.
Once you have determined which type of visa you are eligible for, you will need to submit an Expression of Interest (EOI). This is an online form that must be completed and lodged with the Department of Home Affairs. The EOI will include information such as your personal profile, your business or investment activity, your experience in managing businesses, and any family members who will accompany you on the visa.
Once your EOI has been submitted, you will receive an invitation to apply. This will contain details of the visa and provide you with a 60-day window in which to submit the necessary documents and complete your visa application.
Approximate Timeline for Visa Outcome
Once you have submitted your visa application, it can take up to 8 months for a decision to be made. This timeframe can vary depending on the type of visa, the complexity of your application and how many applications are ahead of yours in the processing queue.
It is important to note that this timeframe only applies once you have received your invitation to apply. There is no guarantee when you will receive an invitation so it is best to be prepared for a long wait.
How Lumos Global Can Help You to Get a Business Visa in Australia
At Lumos Global, we understand the complexities associated with applying for a Business Migration visa in Australia. Our experienced team can provide you with tailored advice and guidance throughout the application process, from preparing your Expression of Interest to helping you obtain the necessary documents and supporting evidence.
We can also help you with managing your visa status once in Australia, including any renewals or extensions that may be required. Our goal is to make the entire process as smooth and stress-free as possible. Contact us today to find out more!