All about Business Migration in Australia

New to the various migration pathways?
Today we will look at a pathway you may explore called Business Migration.
Special thanks to Australian Immigration Fact sheet 27 
Here are some simple explanation about Business Migration.

Business Migration : To encourage successful business people to settle down in Australia.

First of all Business Migration pathway to Australia falls under the program called Australia's Business Innovation and Investment program which encourages successful business people to settle down in Australia and use their skill sets to develop business activities in Australia. 

Australia's Business Innovation and Investment program encourages successful business people to settle in Australia and use their proven skills to develop business activity in Australia.Read more here....

 So in away if you are successful in business Australia is the right place for you to migrate. Anyway later on you will see what are some requirements to achieve in order to migrate to Australia successfully.

Business Migration : Objectives of Business Innovation and Investment Program

The two main purpose of the Business Innovation and Investment program is to increase entrepreneurship talent and to diversify business expertise in Australia. (Australian Immigration Fact Sheet 27)

The objectives of the Business Innovation and Investment Program are to contribute to the growth of the Australian economy by:

• generating employment

• increasing the export of Australian goods and services

• increasing the production of goods and services in Australia

• introducing new or improved technology

• increasing competition and commercial activity

• developing links with international markets

• increasing the dispersal of business migrants across Australia through state and territory government sponsorship.

Business Migration : Structure of Business Innovation and Investment Program

The Business Innovation and Investment Program is a state / territory nominated program which is form by 3 subclasses:

• Business Talent (Permanent) (subclass 132)
• Business Innovation and Investment  (Provisional) (subclass 188)
• Business Innovation and Investment  (Permanent) (subclass 888). Read more here....

Here's the tip : 

Most Business Innovation and Investment migrants enter Australia on a provisional visa for four years and after satisfactory evidence of a specified level of business or investment activity, may apply for permanent residence. 

Alternatively business migrants may apply for a Business Talent visa to get direct permanent residence if they have high level business skills or have obtained funding from an Australian venture capital firm. Read more here....

Business Migration : Business Innovation and Investment (Provision) (Subclass 188) VISA

This type of Visa is for successful business innovators and investors who have an intention to invest in Australia or entering Australia with the intention to contribute to the Australian economy. 

Business Innovation and Investment (Provision) (Subclass 188) VISA can be divided into two streams:

(A)The Business Innovation Stream &  (B) The Investor Stream

• The Business Innovation Stream – for people with a successful business career and a genuine and realistic commitment to be involved as an owner in a new or existing business in Australia
• The Investor Stream. – for people with a successful record of qualifying business or eligible investment activity who will make a designated investment in a state or territory of Australia and have a realistic commitment to continue to maintain business or investment activity in Australia after the designated investment has matured. (Australia Immigration Fact Sheet 27) 

Business Migration : Business Innovation and Investment (Permanent) (Subclass 888) VISA

The permanent business innovation and investment visa is for business people to assist in the economic development in Australia. The main function of this Visa is it allows you to stay permanent in Australia for the purpose of owning a new or existing business. In order to get this you will need to obtain the provisional visa first as mention above.

As usual the Permanent Business Innovation and Investment Visa has two streams :

• The Business Innovation Stream -  for people who own and manage a business in Australia and have met certain business threshold requirements
• The Investor Stream -   for people who have a designated investment in an Australian state or territory and want to maintain business and/or investment activity in Australia after the original investment has matured.

Business Migration : Business Talent (Permanent) (Subclass 132) VISA

Two streams

• The Significant Business History Stream - aimed towards 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
• The Venture Capital Entrepreneur Stream - to facilitate the entry of migrant entrepreneurs with a high potential business idea who have sourced venture capital funding in Australia. Migrant entrepreneurs will be required to have sourced at least AUD 1m in venture capital funding through a member of the Australian Venture Capital Association Limited (AVCAL), for early phase start-up, product commercialisation or business development and expansion. 

Obligations of Business visa holders

   As well as the requirements that Provisional visa holders must meet to secure permanent residence, there are specific monitoring provisions and obligations that Business Talent visa holders must meet.Business Talent visa holders must provide the Department of Immigration and Citizenship (the department) with a contact address within six months of their initial arrival.
Their progress is monitored after arrival and they will be sent a letter requesting details of their business activity 24 months after their initial arrival in Australia.
Where a Business Talent visa holder has not made a genuine effort to obtain a substantial ownership interest in an eligible business within three years of arrival, they may be liable for visa cancellation under section 134 of theMigration Act 1958.
Business Innovation and Investment (Provisional) visa holders are required to obtain an ownership interest in a business in Australia or maintain their investment in Australia for four years. If this requirement is not met, they may not be eligible to apply for a Business Innovation and Investment (Permanent) visa and may have to leave Australia.
 See: www.immi.gov.au for further details

Your pathway business migration to Australia begin with the Business Innovation and Investment Program.
It contains 3 sub classes as follows :

• Business Talent (Permanent) (subclass 132)
• Business Innovation and Investment  (Provisional) (subclass 188)
• Business Innovation and Investment  (Permanent) (subclass 888).

So wait no more. If you are looking to Migrate to Australia, you are sucessful in business this is the right time for you to go ahead. Click here to take a Business Migration Assessment here. Let Migration Avenue give you the best advise.

Best Regards
Migration Avenue 
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