The immigration policy at Australia aims to first bring in the business innovation and investment immigrants on a provisional visa for a period of four years. After a successful completion of the said period and for a specified level of investment or business activity the permanent residence visa can be availed. Also, the immigrants with a more elaborate investment or high level of business skills can directly apply for permanent residence under the Business Talent visa. The State / Territory nominated investment programs do also makes sure that the regional or rural areas of Australia also receive an equal thrust on growth by attracting business immigrants. Australia Business Class Immigration Visa can be availed under different requirements and in most cases a 4 year business visa is granted on provisional basis (Subclass 188). After the Investor / Business have met the desired specifications on the business activity or investment the permanent residency can be applied (Subclass 888). However subject to the quality of investment, idea or credential of past business or calibre of the business migrant the direct permanent visa can also be availed (Subclass 132). The immigration policy at Australia classifies the business under 4 different categories:-
Business owner: For successful business owners who have a credible or impressive track record on over seas business
Investor: For the investors who seek an opportunity to invest significantly in the Australian economy and also commit to maintain the investment post maturity.
Business Talent: For the business acumen that provides a high calibre business idea based on superfluous technology.
Senior Executive: For the senior management or the executives who run the major businesses across the world and intend to have an establishment in Australia.
The immigration policy in Australia also makes an amendment that all the above mentioned categories under the Australia Business Class Immigration Visa can also be sponsored by an Australian territory or state. Australian economy has been designated as the most progressive and the most attractive among the investor community. Business people value Australia for the strong placement of Australian dollar against other currencies. The monetary value so obtained makes the businesses in Australia profitable and so for the business immigrants in Australia. The immigration policy also speaks of certain obligations on part of the visa holders to secure a permanent residence. The Investor / Business owner must provide the Department of Immigration & Citizenship a contact address in 6 months time and must also send a progress report on a periodic basis to the department. The Department of Immigration & Citizenship should be provided with the details of the ongoing business activity upon completion of 2 years. Under section-134 of the Migration Act, 1958 the visa would stand cancelled if the Business owner, Business Talent, Investor or the Senior Executive doesn’t show a genuine attempt on establishing business within 3 years of their arrival in Australia. This makes it mandatory for the Business Innovation and Investment visa holders to must show an ownership interest in Australia or maintain the investment on profitable terms. The permanent visa can be availed only after this.
