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If you have a provisional business visa (Business innovation and investment (provisional) visa), you will be eligible for permanent residence after establishing your business
Business visa applicants with extensive experience (Business talent visa) can be sponsored by a state or territorial government for PR visa
With the Business Innovation and Investment (Provisional) visa you can own and manage a business in Australia or conduct a business or investment activity entrepreneurial activity in Australia.
The right to establish a new or develop an existing business, or to invest in Australia
Unlimited travel in and out of Australia
Bring family members with you to Australia
Opportunity to apply for Australian citizenship
The opportunity to apply for permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888)
It is also possible to extend your visa for a further two years if you have applied and been granted the Subclass 188 visa under the Business Innovation stream
Ownership of a business with turnover of at least AUD 500,000 for at least 2 of the last 4 fiscal years
Net personal and business assets of at least AUD 800,000.
Under 55 years of age, unless the nominating state or territory certifies that you will make an exceptional economic contribution benefit.
Meet the pass mark in the Business Innovation and Investment Points test currently 65 points. Points are awarded on:
Age, English language ability, Qualifications
Experience in business or investment
Net personal and business assets, Business turnover
Innovation. Special endorsement
Have an overall successful career in business.
As one of the world’s most dynamic countries, Australia has an immense requirement for skilled talent. Make the most of this opportunity by applying for an Australian Work Visa. Having years of experience in Australian immigration processes, Y-Axis is the perfect consultant to launch your career in Australia.
Australia is one of the world’s most desired migration destinations, with a welcoming culture, vibrant cities, and sunny beaches. Highly-skilled professionals from all over the world come to Australia for its great quality of life and stable economic prospects. An English-speaking country, Australia is easy to assimilate into. Australia has a more cosmopolitan culture thanks to a significant migrant population. The enviable citizen benefits and progressive policies of Australia make it a great destination to settle with your family.
Choosing to be an overseas student might considerably expand your educational opportunities. Foreign universities in the United States, the United Kingdom, or Australia have highly reputed institutions, and these three nations are home to a large percentage of the world’s top universities.
Canada Start-Up Visa Program – An introduction
Canada’s Start-Up Visa (SUV) Program offers Canada PR to immigrant entrepreneurs who are qualified for it. It’s known officially as the Canada Start-Up Class.
The program aims at bringing innovative entrepreneurs to Canada. It links them with investors in Canada’s private sector who will extend help to establish their start-up enterprise.
To start with, candidates arrive in Canada on a work permit Canada issued, with the support of their designated Canada-based investor. This can be done before qualifying for being a permanent resident Canada accepts, once their business is up and running.
Private-sector investors are of 3 types:
This program started off as a 3-year pilot. It was made permanent in 2018 on March 31.
The eligibility requirements to qualify for the program are that you must:
You must also satisfy the admissibility requirements that are applicable across visa types to enter Canada.
As the first step, you must present your business idea to a designated organization. That organization must be convinced to extend support to your start-up venture.
Once the designated organization makes the decision to support your business, it will give you a letter of support and send the authorities a commitment certificate.
The pitching process of your business idea will not be the same for every designated organization. You must contact the designated organization to figure what it takes to attempt to get its support.
If you satisfy all eligibility criteria, you can bring a completed application for submission. This must include your letter of support.
You must get in touch with the designated organization to figure how to secure its support. Convincing the organization that your business idea is worth supporting is an important step of the process.
If an agreement is reached between you and the organization, the organization will send a letter of support to you. You must include this letter when submitting your application. This is the proof to be shown to prove that the organization is supporting your business idea. The organization could be an angel investor group, venture capital fund, or business incubator.
The organization will also issue a commitment certificate to the authorities. The organization’s commitment certificate and the letter of support will both be used to assess your application.
In the process order, your start-up visa application will be reviewed by the following parties:
To be eligible to apply for a start-up visa, you have to show that you have language skills of CLB level 5 in reading, listening, speaking, and writing.
Along with your application, you have to submit the results of a test for a third-party language. This is to prove that you satisfy the eligibility requirement.
If Canadian venture capital is the source of funds for investment in your start-up business, you have to secure at least $200,000.
If a Canadian angel investor group is investing in your start-up business, you have to secure at least $75,000.
You aren’t required to get financial investment from a business incubator. You must be taken into a business incubator program in Canada.
For any assistance and services regarding the Canada Start-Up Visa, you can trust the experience and expertise of Y-Axis, the world’s leading immigration consultants and international job consultants.
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