Australia is one of the best places in the world for business investment. The country offers a range of investment opportunities in several sectors including mining, technology, health, and services. Investors of all sizes can settle in the country and flourish their businesses. Luckily, Australia welcomes investors from all across the world to invest and contribute to its economy. For the convenience of investors, the country offers various flexible visa plans. If an investor proceeds for them step by step, they can touch the feet of success.
Company Profile
As you plan to set up your business in Australia, the foremost thing is to carefully analyze your company profile. Only, legal business owners get the opportunity to invest in the country. Ask experts about the future of your business in the country. You can discuss the matter with your company partners and senior employees. The concept to open a business address in the country can work when you have enough wealth and the opportunity to expand the business.
Types of Visas for Foreign Investors in Australia
Business Visitor Visa Subclass 600
It is a temporary visa plan that is offered for a short period of 3 months only. Every foreign investor who wants to invest in the country first likes to visit for the business planning, general business inquiries, negotiation for a business contract if any, conduct activities and take part in trade fairs to understand the market of the country. This is what the Business Visitor Visa offers. The visa cannot be extended. Visitors have the opportunity to undertake tourist activities. They can have the freedom to get multiple entries to the nation till the visa is valid.
Business Innovation and Investment Visa
It is a provisional visa or a temporary visa plan that offers to stay in the country for up to 5 years. Processing the visa is time-consuming. It is further divided into several streams and each stream requires submitting Expression of Interest or EOI in Skillselect. They are invited to apply for the visa and a state or territory government nominates the investor. The visa can make investors eligible for a permanent visa for the country. Usually, investors like to go for a temporary visa plan and then a permanent visa plan to flourish their business successfully in the nation.
Business Owner Visa or Subclass 890 Visa
The visa is offered to stay in Australia permanently. However, the processing time is not available. It allows investors to continue to own and operate a business in the country. The visa allows sponsoring eligible relatives for permanent residency in the country. Later, the businessman can apply for Australian citizenship. As a foreign investor, if you are planning to choose Australia as a new business hub, it is good to consult a reliable visa agency to make the process of visa hassle-free.