Business visa Australia opens doors for international entrepreneurs looking to invest, settle, and thrive in the country. With this visa, you can start or buy a business, manage operations, and make a meaningful contribution to Australia’s growing economy.
The most common business visas are the subclass 188 and subclass 888. Though frequently mentioned together, these are two distinct types – the 188 is a temporary one, while the 888 serves as its permanent counterpart.
These two are granted based on two investment pathways: active and passive.
Thus, for those considering the active investment route, several key requirements must be met.
Applicants need at least three years of verifiable, hands-on experience managing their own business. Additionally, their business must have maintained an annual turnover of at least 750,000 AUD over the past two years, along with assets totaling no less than 1,500,000 AUD during the same very period.
A minimum score of 65 points on the Business Innovation and Investment Points Test is as well required. Finally, the applicants should generally be under 55 years of age.
Next, passive investment side. There, applicants must commit AUD 2,500,000 AUD to local assets, with specific allocations:
- 500,000 AUD in venture capital funds supporting both startups and small businesses;
- 750,000 AUD in managed funds investing in promising ASX-listed companies;
- 1,250,000 AUD in funds covering other Australian assets, such as securities and debt, for instance.
Meeting these criteria, including the 65-point threshold and the age limit, is essential for a successful application there.
Some Profitable Business Ideas in Australia
Australia offers a wealth of business opportunities, with several niches standing out – primary due to high demand. Below are a few promising ideas worth exploring.
For those exploring career opportunities, the list of Skilled professions offers a variety of liquid options: there’s likely something for everyone to master, helping individuals carve out their place. More details can be found here: https://sydneyvisas.com/visa/skilled-migration-visas/.
Florist cafe
A florist cafe combines the charm of a cozy cafe with the beauty of fresh flowers. The thing is, Australians really do love unique dining experiences, so a place where visitors can enjoy coffee surrounded by lush greenery and purchase plants could be a win-win concept.
Foreign language teaching
Another thriving option is to become a foreign language teacher, particularly of English.
With many newcomers settling each year, there’s a constant demand for language education. Teachers who understand the intricacies of Australian English, including its accent and vocabulary, are especially valuable here.
A background in teaching or a relevant degree can also help turn this into a rewarding career.
Poultry farm
And for those interested in agriculture, a poultry farm, especially one specializing in emu meat, may result in a smart choice. Australia’s food industry is robust, and there’s always steady demand.
Source: https://sydneyvisas.com/
