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February 26, 2024
February 26, 2024

Exploring Top Australian Visa Options for Business Owners

Author By admin Categories Visa

Australia’s thriving economy, coupled with its welcoming business environment and diverse opportunities, makes it an attractive destination for entrepreneurs and investors worldwide. However, navigating the Australian visa system can be daunting, with various visa options tailored to different business needs and circumstances. In this blog, we’ll explore the top Australian visa streams for business owners, outlining their eligibility criteria and key requirements.

 

  1. Business Innovation Stream:

The Business Innovation Stream is designed for entrepreneurs with a successful business track record who intend to establish, develop, or manage a new or existing business in Australia. Key eligibility criteria include:

  • Age: Applicants must be below 55 years of age, although exceptions may be made for proposals of high economic benefit.
  • Points Test: A minimum of 65 points is required on the Business Australian Immigration points test.
  • Business Ownership: Applicants must have an ownership interest in an established business for at least two fiscal years, with a minimum turnover threshold.
  • Net Assets: A minimum net asset requirement of AUD 800,000 is mandatory, to be legally transferred to Australia within two years of visa grant.

 

  1. Investor Stream:

The Investor Stream targets individuals willing to make a significant investment in an Australian state/territory. Key eligibility criteria include:

  • Age: Applicants must be under 55 years of age, although exceptions may be considered for exceptional investment proposals.
  • Points Test: A minimum of 65 points is required on the Australian Immigration points calculator.
  • Investment Experience: Applicants must possess at least three years of experience in a qualifying business and demonstrate a successful career in business investments.
  • Investment and Net Assets: Various investment and net asset requirements apply, including a minimum investment of AUD 1.5 million and net assets of AUD 2.5 million, ready to be transferred to Australia.

 

  1. Significant Investor Stream:

The Significant Investor Stream targets individuals willing to make a substantial investment of at least AUD 5 million in complying investments in Australia. Key eligibility criteria include:

 

  • Investment Commitment: Applicants must commit to holding the investment for a minimum of four continuous years.
  • Investment Options: Investments may include government bonds, Australian infrastructure projects, real estate, and direct investment in Australian private companies.
  • Residence Requirement: Applicants must reside in the nominated Australian state/territory and maintain their business activities in Australia.
  • Net Assets: A net asset requirement of AUD 5 million, eligible for legal transfer to Australia, is mandatory.

In addition to these visa streams, it’s essential for business owners to consider other factors such as taxation, compliance requirements, and ongoing business management obligations in Australia. Seeking professional guidance from registered migration agents and legal experts can greatly assist in navigating the complexities of the Australian immigration system and ensuring a smooth visa application process.

 

Conclusion

Australia offers a range of visa options tailored to the needs of business owners and investors. By understanding the eligibility criteria and requirements of each visa stream, entrepreneurs can make informed decisions and embark on successful business ventures in the Land Down Under. With its stable economy, vibrant business environment, and diverse opportunities, Australia remains a top destination for global business investment and entrepreneurship.

Visa in Canada
January 31, 2024
January 31, 2024

Breaking Down the Steps: Applying for a Self-Employed Visa in Canada

Author By admin Categories Visa

Are you a professional athlete, farmer, or artisan looking to settle Canada? If so, Canada’s Self-Employed Visa programs might just be the golden ticket for you and your immediate family. In this guide, we’ll break down the essential steps for applying under the Federal Self Employed Program, the Quebec Self Employed Program, and the Provincial Nominee Programs tailored for self-employed workers.

  1. Federal Self Employed Program:

The Federal Self-Employed Persons Program is a pathway for individuals with a knack for business who want to establish themselves in Canada without a significant personal investment. Here’s a quick overview of the key requirements:

  • Point-Based Grading System: Applicants are assessed based on a point system that evaluates factors such as education, experience, and language proficiency.
  • Relevant Work Experience: To qualify, candidates must showcase a minimum of two years of relevant work experience in their field. This experience serves as proof of their ability to be gainfully self-employed in any Canadian province except Quebec.

  1. Quebec Self Employed Program:

Similar to its federal counterpart, the Quebec Self-Employed Program is an enticing option for those aiming to settle in the vibrant province of Quebec. Here’s what you need to know:

  • Business Acumen: Like the Federal Program, candidates must demonstrate their ability to be successfully self-employed within their industry.
  • Minimum Net Worth Requirement: Applicants need to have a minimum net worth of $100,000, indicating financial stability.
  • Intent to Reside in Quebec: As with all immigration programs in Quebec, candidates must express their intent to reside in this culturally rich province.

  1. Provincial Nominee Programs for Self-Employed Workers:

For those with a specific province in mind, the Provincial Nominee Programs (PNPs) offer tailored streams for self-employed individuals. Here are the general steps:

  • Province-Specific Criteria: Each province and territory has its own set of eligibility requirements and selection criteria. However, common factors include years of experience and proof of personal funds.
  • Overlapping Eligibility: Many eligibility requirements overlap with other business immigration streams, making it feasible for applicants to explore different options.

Getting Started:

Applying for a Self-Employed Visa in Canada: A Step-by-Step Guide

 

If you dream of establishing yourself as a professional athlete, farmer, or artisan in Canada, the Self-Employed Visa programs offer a promising avenue. To initiate the application process, follow these step-by-step instructions:

 

Create an Online Account:

Sign in or create an account on the Permanent Residence online application portal.

Fill Out Digital Forms:

Utilize the instruction guide (IMM 4500) to properly fill out online forms for yourself and family members aged 18 or older.

Digital forms include Generic Application Form for Canada (IMM 0008), Schedule A (IMM 5669), Additional Family Information (IMM 5406), and Supplementary Information – Your Travels (IMM 5562). Fill out PDF forms like Document Checklist (IMM 5784), Schedule 5 for Quebec residence (if applicable), and Schedule 6A for Business Immigrants – Self-employed persons. Sign these PDF forms and upload them to your online application.

Additional Forms if Applicable:

Print, complete, and sign PDF forms such as Separation Declaration for Minors Travelling to Canada (IMM 5604) and Statutory Declaration of Common-law Union (IMM 5409), if applicable.

Ensure truthfulness in your application to avoid refusal, inadmissibility, or a 5-year bar from applying for permanent resident status.

Immigration Representative:

If using a representative, submit a Use of a Representative form (IMM 5476) digitally or by hand. Representatives can offer advice, help with forms, and communicate on your behalf.

Biometrics:

If aged 14-79, book a biometrics appointment and pay the fee promptly after receiving the letter.

Submission:

Before submitting, ensure all questions are answered, the application is electronically signed, the processing fee receipt is included, and all supporting documents are uploaded.

Note: Incomplete applications will be rejected, necessitating corrections and resubmission. Stay organized and meticulous to increase the likelihood of a successful application.

Remember to thoroughly understand the requirements of the specific program you are interested in and gather all necessary documentation. With careful preparation and adherence to the guidelines, you can navigate the application process successfully, paving the way for a self-employed future in the welcoming embrace of Canada.

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