Investing in the Land Down Under with an Australian Business Visa

Overseas business expansions are exciting ventures for entrepreneurs. Australia has a business skills migration program that allows investors and senior executives to move their operations into the country. With an Australian business visa, you, too, can take advantage of the lucrative markets found in the land down under.

Two-stage arrangement

A business visa allows you to expand your business to Australia or put up a new venture in the country. The government offers a number of options for business migration depending on your needs and available investment capital.

Migrating to Australia to put up your business there is a two-stage process. First, you will be issued a Business Skills (Provisional) Visa. This is going to be valid for four years. Once you have fulfilled the business requirements and maintained the eligible investment designated by immigration, you can now apply for the Business Skills (Residence) Visa. This will allow you to setup permanent residence in the country.

An Australian business visa is also available for migrants who are sponsored by territory governments. Business migrants falling under this category are granted the Business Talent Visa.

Eligibility

The Australian government has a few eligibility requirements before you can apply for a business visa. For starters, you have to be a business owner – that is, you need to own or be a part owner of a business, be it a franchise or an independent entity.

Senior executives or upper management employees in major corporations are also eligible for an Australian business visa. If you don’t have a business yet and you’re looking to put up one, you can also apply for this visa as an investor.

As an investor

There is a designated investment required for you to be able to qualify for an Australian business visa under the investor category. Investments offered by the State Treasury Corporations include primary-issue government securities that have a maturity of at least four years and limited investments amounting to AUD$750,000 if you’re going to apply for the Territory/State Sponsored Investor program. On the other hand, you will need a limited investment of AUD$1.5 million if you’re going to apply for the “Investor” category. The interest is payable every six months.

Taxes

Because you’re going to put up a business in Australia, the country’s Taxation Office will subject your earnings from investment to taxes under the law. Income that is earned in the country by a non-resident is subject to a ten percent withholding tax. This will be subtracted from the interest that is earned from your Designated Investment awaiting your obtainment of an Australian tax number.

Making a designated investment

Part of getting an Australian business visa is making a designated investment by contacting at least one State Treasury Corporation. The agency will then forward an application form plus other pertinent information on how you can make an investment in their Territory or State.

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