Business & Investment Visa Options
Business Visa
This visa is designed for individuals seeking to engage in business activities worldwide. Business visas cater to a wide range of purposes, including attending meetings, conferences, negotiations, exploring investment opportunities, and establishing business relationships.
Validity A business visa permits individuals to stay in the country for the duration of their business activities or meetings worldwide. It also allows multiple entries and exits from any country during the visa’s validity period. Dependents of the visa holder may accompany them during their stay, but they must adhere to the visa holder’s itinerary and cannot engage in employment.
How it works Before applying for a business visa, individuals must have a clear purpose for their visit, such as attending a specific meeting, conference, or business event. They must also provide documentation demonstrating the nature of their business activities, including invitations, letters of sponsorship, or proof of conference registration.
When calculating the expenses associated with the visa application, applicants must consider factors such as accommodation, transportation, meals, and incidental expenses related to their business activities. Additionally, applicants may need to demonstrate sufficient financial resources to cover their expenses during their stay.
Business visa holders are typically permitted to engage in a range of business-related activities, including meetings, negotiations, market research, and investment exploration. However, they are prohibited from undertaking any form of employment or work activities not directly related to their business purposes.
The primary purpose of a business visa is to facilitate international business engagements and promote economic cooperation between countries. While conducting business is the main focus, business visa holders also have the opportunity to experience the local culture, network with professionals, and explore potential investment opportunities in the host country.
The business skills program is essentially subdivided into 4 different categories, which are as follows:
- For owners or part owners of a business
- A senior executive employee of a big business
- Individuals or business owners who are willing to invest in other countries
- People with significant business history who have obtained a sponsorship from a State or Territory government.
Stage 1: Temporary Business Visa
There are 5 eligibility streams for 188 business visa
- 188A Visa(Business and Innovation Stream)
- 188B Visa (Investor Stream)
- 188C Visa (Significant Investor Stream)
- 188D Visa (Premium Investor Stream)
- 188E Visa (Entrepreneur Stream)
Stage 2: Permanent Business visa
- 888 Visa is Permanent Business Innovation And Investment
- 888 Visa (Business Innovation And Investment (Permanent)
Direct permanent residence for business applicants who are sponsored by a State or Territory government of approval.
You should not be more than 55 years old. This criteria may be waived if your business concept is unusual in nature and will significantly benefit the chosen State or Territory.
A score of 65 is required for the points exam.
Applicants must have at least three years of experience managing the eligible business or investment.
Applicants must demonstrate a successful track record of qualifying company activity or management of eligible investments.
The business owner must have a genuine desire to hold and retain a traditional managerial role in that business.
To qualify for this business visa worldwide, applicants must meet the following criteria:
1. Age Requirement: Applicants must be under 55 years of age. However, this requirement may be waived if the proposed business venture is deemed exceptional and beneficial to the nominated country or region.
2. Points Test: A minimum score of 65 points is required on the points test to be eligible for the visa.
3. Business Ownership and Turnover: For at least two of the four fiscal years preceding the application, the applicant must have had ownership in a business with a minimum turnover of 500,000 euros (or equivalent currency) during each of those years.
4. Ownership Percentage: The nominated business must have at least one of the following ownership percentages:
- 51% ownership for businesses with a turnover less than 400,000 euros per annum.
- 30% ownership for businesses with a turnover of 400,000 euros or more for one or more years.
- 10% ownership for businesses that are publicly listed companies.
5. Successful Business Career: The overall business career of the applicant must demonstrate success and achievement.
6. Management Role: The applicant must have a genuine intention to own and actively manage a significant role within the nominated business located worldwide.
By meeting these criteria, applicants can qualify for a business visa to pursue entrepreneurial opportunities and contribute to economic growth and development globally.