Business visas comes in two varieties – provisional and permanent. Each variety has several subclasses of visa within it. The provisional branch is of use because it allows people in to Australia and gives them a chance at working towards permanent settlement. Sadly, however, most of these visas require a large sum of money (hundreds of thousands of Australian Dollars and millions in some cases) for them to be secured as part of the visa requirements.
This guide will only delve in to detail with the two most commonly granted visas in this category as they are the least onerous for people to comply with compared to others. What follows is a brief description of all the visas available under this category, followed by a link to each visa on the DIBP website for further information.
Business Development - Provisional
For business people to establish a business in Australia, manage a new or existing business or invest in Australia. These are temporary visas that offer a pathway to a permanent visa.
Investors
Investor Retirement Visa – Subclass 405
A temporary visa for people aged 55 years or older who are able to make a significant long term financial investment (A$750,000) in Australia. This visa is not a pathway to a permanent visa. www.immi.gov.au/Visas/Pages/405.aspx
Independent Executives
Independent Executive Further Application Onshore Visa – Subclass 457IEFAO
For holders of a Temporary Business (Long Stay) Independent Executive visa (subclass 457IE) who need more time to be eligible to apply for a permanent business visa. http://www.immi.gov.au/Visas/Pages/457.aspx
For people who have established the required level of business in Australia while holding a provisional visa. A direct permanent residence visa is also available for high-calibre business people.
High-Calibre Business People
Business Talent (Migrant) – Subclass 132
For high calibre business people, sponsored by a state or territory of Australia, who are owners or part owners of an overseas business and have a commitment to participate in the management of a new or existing business in Australia. Requires assets in excess of A$1.5 million. http://www.immi.gov.au/Visas/Pages/132.aspx
Business Owners
Business Owner (Residence) – Subclass 890
For people to assist in the economic development of Australia. This visa allows you to stay in Australia on a permanent basis for the purpose of owning a new or existing business. http://www.immi.gov.au/skilled/business/890/index.htm
State/Territory Sponsored Business Owner (Residence) – Subclass 892
For people, sponsored by a state or territory of Australia, to assist in the economic development of Australia by ownership of a new or existing business. http://www.immi.gov.au/skilled/business/892/index.htm
Established Business in Australia – Subclass 845
For people who, as a temporary resident, have established a business in Australia, and have a proven ownership interest in one or more successful businesses in Australia. http://www.immi.gov.au/skilled/business/845/index.htm
Regional Established Business in Australia – Subclass 846
For people who, as a temporary resident, have a proven ownership interest in one or more successful businesses in Australia. You must be sponsored by a state/territory government authority. http://www.immi.gov.au/skilled/business/846/index.htm
Investors
Investor (Residence) – Subclass 891
For people who hold an Investor (provisional) visa and have maintained their designated investment/s for at least 4 years. Applicants must have been in Australia for at least 2 of the last 4 years. http://www.immi.gov.au/skilled/business/891/index.htm
State/Territory Sponsored Investor (Residence) – Subclass 893
For people who hold an Investor (provisional) visa and have an overall successful record of business or investment activities, and significant net assets to invest in a designated investment in Australia for four years. Applicants must also have a genuine commitment to maintain business and investment activity in Australia and be sponsored by a state/territory authority. http://www.immi.gov.au/skilled/business/893/index.htm
2.1) Business Talent (Migrant) - Subclass 132
This visa is designed for high calibre business people who are owners or part owners of an overseas business and have a genuine and realistic commitment to participate in the management of a new or existing business in Australia. You must be sponsored by a state or territory government.
Read all about the latest information at: http://www.immi.gov.au/Visas/Pages/132.aspx
This visa is for high calibre business people from overseas who are less than 55 years old, and their family.
You must pay a non-refundable visa charge when you lodge your visa application.
With this visa you can:
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work in a new or existing business in Australia
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travel in and out of Australia any number of times as long as the visa is valid
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study in Australia
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have your family accompany you to Australia. They will have access to work and study rights
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live in Australia as a permanent resident for five years.
In essence, this visa allows you and your family to live in Australia as permanent residents Australia for five years from the date the visa is granted. If you wish to continue to travel to and from Australia as a permanent resident after the initial visa has expired, you must obtain a Resident Return Visa (RRV).
The following people may be included in your application:
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your spouse
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your or your spouse's dependent children
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other dependent relatives living with you.
NOTE: With this visa you are unable to access social security payments.
The Australian Government provides help with medical expenses and hospital care through a scheme called Medicare. As a permanent resident in Australia you may be eligible to enrol in Medicare. You should wait 10 days after you arrive, and then go to a Medicare office with your passport or travel documents. Private Health Insurance is an option for you, but it is not a requirement for the grant of this visa. However, with this visa you are unable to access State family assistance.
A payment called Special Benefit may be available to you if you suffer a substantial change of circumstances beyond your control. Being unemployed, or running out of money will not qualify you for this payment.
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