This kind of business visa is appropriate for those who go to Australia as a tourist and work there for a short period, usually below three months.
Australia’s short stay business visa is also called Temporary Activity visa (subclass 400), issued for New Zealand citizens. If you want to stay longer than three months, you must apply for this business visa. You will not have an opportunity to change the subclass into another during your visit to Australia.
To be eligible for the Australia’s business visa, the applicant needs to have at least NZ $4,500 in his savings account.
Business Innovation and Investment Visa Australia
It is a permanent business visa type that you can apply for if you are over 18 years old and your occupation meets certain requirements. You need to pay AUD 5,000 to the Commonwealth Government of Australia, responsible for processing this visa.
You can pay the money in multiple instalments if you cannot come up with the full amount at once. The fee represents an investment in your future because it shows that you are confident enough to cooperate with Australian business partners financially and believe in your success.
Business Innovation and Investment Visa Australia requirements
To meet the requirements of a business innovation and investment visa requirements, you have to have a business plan that will help the government understand how much it is worth investing in your future as an Australian citizen. In addition, certain criteria need to be met for this business visa:
- You must have at least AUD 200,000 in cash
- You must have past business experience
- You should not have a criminal record
- You need to be under 55 years old. If you are over 45, you should prove that your age is an asset for the country because of your extensive business experience.
- Your occupation has to be on the list of business visa occupations for Australia.
Your spouse, registered partner, or parent can apply the business innovation and investment visa. You must not have a child under 18 years old to meet the requirements.
Business Innovation and Investment Visa Australia FAQs
How much time does it take to get a business innovation and investment visa in Australia?
It takes a few months to process a business innovation and investment visa. You can also apply for the Business Talent (Provisional) visa, which is issued much faster but will require you to invest less money in your future.
How long does the Business Innovation and Investment Visa Australia last?
You can apply for this type of business visa if you are over 18 years old. The Business Innovation and Investment Visa Australia can last up to four (4) years, and then it has to be renewed.
Final notes
Australia’s business innovation and investment visa is a permanent business visa, allowing you to live in Australia permanently. You can apply for citizenship after being a resident of the country for four years, and you can learn more about applying for citizenship in Australia. After being a citizen of Australia, you can apply for an Australian passport and have the right to live and work in any country in the world.
