The Significant Business History Stream and the Venture Capital Entrepreneur Stream are otherwise known as the Business Talent Visa. The Business Talent visa is a permanent visa and enables holders to establish a new business or develop an existing business in Australia. As well as allowing applicants to bring eligible family members to Australia with them, the visa holders can travel to and from Australia for up to five years, from the date the visa is granted. After that period, a Resident Return visa will be required to re-enter Australia as a permanent resident.
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The Significant Investor Stream is a provisional visa for people who invest and maintain at least AUD5 million in Australian investments that meet certain requirements. This visa allows you to stay in Australia for up to 4 years and 3 months and is granted with multiple entry, enabling holders to leave and re-enter Australia for the validity of the visa. This visa also allows you to bring eligible family members with you. While this is a provisional visa, visa holders may apply for a new visa if they wish to stay longer. Once you have this visa, you may apply for permanent residence through the Business Innovation and Investment (Permanent) visa, provided certain requirements are met.
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The Business Innovation Stream and The Investor Stream offer an avenue and pathway to permanent residency in Australia. These visas are available to anyone with the relevant skills to operate a business or the funds to invest in an Australian state or territory. Both visas allow you to stay in Australia for up to 4 years and 3 months and are granted with multiple entry, enabling holders to leave and re-enter Australia for the validity of the visa. These visas also allow you to bring eligible family members with you.
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Obtaining permanent residency or a visa for a stay in Australia can be difficult. The visa processing times can be long and certain criteria needs to be met. But for anyone with cash or asset wealth and the right business skills, the government’s Business Talent and Business Innovation and Investment visas can provide an efficient and effective avenue for permanent residency in Australia.
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When it comes to sponsoring migrant employees, employers need to ensure they meet sponsorship obligations. Employers can hire or sponsor skilled workers already in Australia that hold a working visa or they can sponsor skilled workers to come to Australia. Sponsorship obligations start the day a standard business sponsorship is approved or a work agreement commences. To retain or renew a standard business sponsorship, sponsor obligations must continue to be met.
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Australia has always been thought of as the lucky country and for those of us who live here it is definitely true. We have great healthcare and education systems, government financial assistance, easily accessible public transport and many other favourable qualities that puts Australia ahead of a lot of other countries. But for migrants Australia may not necessarily be considered lucky for them. While in a lot of cases Australia is a safe haven and a land of opportunity there are some aspects that may let migrants down.
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