Australia is certainly the best place for business immigrants, and business people, who are interested in investing in a business or wish to start their own business in an international location, prefer to move to it.
There are numerous types of facilities which are offered by Oz as a country and they include:
- An excellent quality of life which is kind of must, if the quality of life offered by the host country in is average or below average, then there is no point in migrating to that country.
- Favorable and friendly government policies – which is as important as the first condition. Government policies play an extremely crucial role for running or setting up a new business.
- Standard of living– Another very significant factor to be considered. You cannot invest in a nation where living standard is poor. Such places are not good for business and for making investments.
These are mainly the main factors that have attracted people and especially businessmen to migrate to Australia from India even while these factors continue to do in future too.
Especially the business persons, they find the existing policies of the nation like policies related to taxation, infrastructure, and economy more favorable to invest and expand or even to start the new business in the country.
In case the applicants are interested is setting up a new business in the nation, then like other countries, they have to go through a certain procedure. For Down Under, it’s referred as business Australian Talent Visa. This visa is specifically designed for the business people who are interested in starting their business in the country.
This visa is also referred as Permanent Residency Visa (PRV) for Australia, as it is only for those business persons who are nominated by the territory government or federal Government of Australia.
Basically there are two main categories and they are Significant business history stream and Venture capital entrepreneur stream.
Significant Business History Stream
Under this stream the applicant should have received the supporting of the Australian Venture Capital Association Limited (AVCAL) venture capital funding. This application will be considered only if AVCAL venture capital funding is there, if it not, then the application will be rejected.
Venture Capital Entrepreneur Stream
Under this stream, the candidate should be the business owner and he should be successfully running a business of high ability and high profile. He can still apply if he is a part owner. If the aspirant’s business does not fall under the category of high ability & high profile, then there are strong chances for the rejection of the application. So, check the list of business thoroughly before applying.
Australia PR Visa for Businessmen Eligibility Requirements
There are certain other eligibility requirements that must be fulfilled for this visa.
In order become eligible and entitled to receive this particular visa for Australia, the applicant must be nominated or backed by the territory government or state government. The Invitation to Apply (ITA) should have been received from the concerned minister of the Australian Government.
Along with the nomination, the applicant must have business which values at 3 million Australian Dollars at least and should have business asset or personal asset of 1.5 million Australian Dollars. These assets are a must for a visa.
Apart from this, as the applicant, your business idea should prove to be a high value one which can attract investments in the nation and should have at least 1 million Australian Dollars as venture capital funding.
The required amount will be considered as the investment requirement to start the business in the immigration hotspot. The investment account will decide the eligibility of the applicant for this visa.
Australia PR Visa for Businessmen Benefits
This visa offers important benefits too. This visa allows the applicant to have a permanent residence in the country, in other words. Not only the applicant but also his family members too are entitled for PR in the country. The applicants who are successful in receiving this visa are allowed to study and work in Australia. They are also entitled to stay in Oz for an indefinite period.
This visa also entitles the candidate to get enrollment in the nation’s health related Medicare scheme. That means that the applicant, after successfully getting the visa, can call their relatives for PR. Not only this, they can also sponsor them.
Hence, we can certainly say that the visa offers many benefits, and if you do fall under the category, then you should apply for it.
