Australia Business Visa – Guide for UK Applicants

Australia provides several business visas for UK entrepreneurs, investors, and professionals. There are options whether you want to start a business, invest, or participate in short-term business events.

• Visa choices: Subclass 188 (Provisional) and Subclass 888 (Permanent) visas are examples.
• Investment: You can access Australia's strong economy.
• Permanent residency: Some visas allow you to become a permanent resident.
• Family: Qualified family can come with you.
• Application: Apply online via ImmiAccount.

*Want assistance to apply for the Australia Business Visa? Sign up with Y-Axis for comprehensive support with the process.

 

What is the Australia Business Visa?

Australian Business Visas target entrepreneurs, investors, and business owners who want to start, run, or put money into an Australian business. Options include the Business Innovation and Investment (Provisional) Visa – Subclass 188, and the Business Innovation and Investment (Permanent) Visa – Subclass 888. These visas let people do business, make key investments, or build new companies that help the Australian economy. Some options can lead to permanent residency.

Benefits of the Australia Business Visa

The benefits of an Australian Business Visa  are given below.

• Economy: Chance to be part of a stable global financial setup.
• Global Connections: Access to business connections and markets around the globe.
• Life Quality: Enjoy good living conditions and a diverse culture.
• Education: Access to great schools for family members.
• Healthcare: Ability to join Australia's healthcare system if certain needs are satisfied.
• Pathway for Australia PR or permanent residency.

Types of Australia Business Visas

Australia offers various types of Business visas. The popular Australian Business Visa are given below.

• Business Innovation and Investment (Provisional) Visa – Subclass 188
• Business Innovation Stream
• Investor Stream
• Significant Investor Stream
• Entrepreneur Stream
• Business Innovation and Investment (Permanent) Visa – Subclass 888
• Business Visitor Visa – Subclass 600 (Business Stream)
• Other Relevant Business-Related Visas
  • Investor Visa – Subclass 891
  • Business Owner Visa – Subclass 890

Business Innovation and Investment (Provisional) Visa – Subclass 188

The Business Innovation and Investment (Provisional) visa (subclass 188) serves as a temporary entry for people who want to own a business or invest in Australia. The intention is for these people to become permanent residents later. This visa is a segment of the larger Business Innovation and Investment Program, which seeks to bring successful business owners and investors into Australia to benefit the economy.

• Business Innovation Stream: Designed for business-minded people aiming to start, grow, and run a business Down Under.
• Investor Stream: Intended for those ready to invest at least AUD 1.5 million in a state or territory and keep up business and investment dealings in Australia.
• Substantial Investor Stream: Created for people prepared to put at least AUD 5 million into agreed-upon investments in Australia.
• Entrepreneur Stream: Geared toward people who have secured at least AUD 200,000 from a third party to carry out an approved business activity.

Business Innovation and Investment (Permanent) Visa – Subclass 888

The Business Innovation and Investment (Permanent) visa (subclass 888) grants permanent residency to people who have managed a business or invested in Australia while holding the provisional Business Innovation and Investment (subclass 188) visa. With this visa, people can live, work, and study in Australia indefinitely.

Business Visitor Visa – Subclass 600 (Business Stream)

The Business Visitor stream within the Visitor visa (subclass 600) lets people come to Australia for a short time to do things related to business. This includes going to meetings or conferences, and checking out possible business deals. People with this visa can't do work or sell things while they're in Australia.

Other Relevant Business-Related Visas

This includes:

• Investor Visa (Subclass 891): This is for people who've had a qualifying investment in Australia for at least four years.
• Business Owner Visa (Subclass 890): This one's for owners who've run a business in Australia for a minimum of two years.

Eligibility Criteria for Australia Business Visa

The eligibility criteria for Australia Business Visa are given below.

• Age: Typically, applicants should be under 55, but there can be exceptions.
• Business Background: Applicants need to show they've owned or invested in successful businesses.
• Investment Sums: Applicants need to meet the minimum investment asked for by the visa type.
• Government Support: Applicants need to be backed by a state or territory government in Australia.
• Health and Background Checks: Applicants must pass health checks and provide police records.
• English Ability: Applicants need to show they can use English at a basic level.

Document Requirements

The documents required to apply for the Australian Business Visa are given below.

• Passport: It has to be good for as long as you plan to stay.
• Business Documents: You will need to show proof you own a business, give financial records, and show what your business does.
• Investment Records: Give papers that show your assets and investment background.
• Nomination Letter: A letter that says you're nominated by a state or territory.
• Health and Background Checks: Results from a doctor's exam and police records.
• Results of English proficiency Test: If needed, test scores from an approved English test.

Australia Business Visa Application Process

The procedure to apply for an Australian Business Visa is given below.

Step 1: Submit your Expression of Interest (EOI) via SkillSelect, and pick the correct visa type (like Subclass 188).

Step 2: Obtain a nomination from an Australian state or territory. They need to agree with your business plan.

Step 3: If nominated, the Department of Home Affairs will send you an invitation to apply for the visa.

Step 4: Fill out and send in your application online using ImmiAccount. Be sure to include all needed papers and payments.

Step 5: Provide your biometrics, get health checks, and provide police records. The Department will then review your application and let you know the result.

Visa Fees and Costs

Detailed information about the application costs of Australian Business Visa is given below.

Visa Stream	Primary Applicant Fee (AUD)	Additional Applicant (18+)	Additional Applicant (Under 18)
Business Innovation & Investment Visa (Subclass 188)	$6,270	$3,135	$1,570
Business Innovation & Investment Visa (Subclass 888)	$3,310	$1,655	$830
Business Visitor Visa (Subclass 600 - Business Stream)	$190	NA	NA
Significant Investor Stream (Subclass 188)	$9,195	$4,600	$2,295
Entrepreneur Stream (Subclass 188)	$6,270	$3,135	$1,570

Processing Time for Australia Business Visas

Detailed information about the processing times for Australia Business Visas are given below.

Visa Stream	Estimated Processing Time
Business Innovation & Investment Visa (Subclass 188)	12 – 20 months
Business Innovation & Investment Visa (Subclass 888)	9 – 15 months
Business Visitor Visa (Subclass 600 – Business Stream)	2 – 5 weeks
Significant Investor Stream (Subclass 188)	14 – 24 months
Entrepreneur Stream (Subclass 188)	12 – 18 months

Can You Include Family Members?

Yes, you can include eligible family members in your application. This includes your spouse or de facto partner, for whom you'll need to show proof of your relationship. It also includes dependent children, who are under 18, or those over 18 who rely on you financially. Family members must meet certain health and character standards. If they do, they will generally have similar rights as you, like access to education and health care.

Extension, Renewal, or Switching Visas

• Subclass 188 to 888: If you have a Subclass 188 visa, you might be able to obtain the permanent Subclass 888 visa if you meet the requirements.
• Visa Extensions: Some visas can be extended. Make sure to check the details of your specific visa.
• Switching Visas: It is possible to change from one visa to another in some situations. Talk to a migration agent for advice specific to your situation.

How Can Y-Axis Help You?

Y-Axis helps UK applicants with Australian business visas. Our services include:

• One-on-one advice to learn about your business plans and find the best visa option.
• Help with getting your paperwork in order.
• Assistance with the visa forms to meet all rules.
• Support after you arrive in Australia, like help with setting up your business.