Australia Work Visa For Indians
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Australia Investment Visa For Indians - Everything You Need To Know
Written By: Laliq Schuman
Fact Checked By: Nikhita Rathod
20-Mar-2023
9 min read
The Australian government welcomes foreign investors who are willing to invest in the country's economy, and the Australia Investment Visa is designed to make this process easier. This blog post will discuss everything you need to know about the Australia Investment Visa.
Can I Get A Investor Visa? Yes, if you meet the requirements.
Australia Investor visa processing time: 5 to 12 months
Investor visa costs: AUD 2570 (approximately INR 141 331)
What Is The Australia Investment Visa?
The Australia Investment Visa is a type of visa that is designed to encourage foreign investors to invest in Australia's economy. This visa allows investors to live and work in Australia, as well as bring their families with them. There are different types of Australia Investment Visa, and we will discuss each of them below.
What Are The Types Of Australian Investment Visas?
There are different types of investor visas you can apply for. This includes:
- Business Innovation and Investment (Provisional) Visa - Subclass 188: This visa is for individuals who are willing to invest in a new or existing business in Australia. It is a temporary visa that allows investors to stay in Australia for up to 5 years. To apply for this visa you must invest AUD 1.5 million in an Australian State or Territory and you must be nominated by an Australian State or Territory government agency.
- Business Innovation and Investment (Permanent) Visa - Subclass 888: This visa is for individuals who have held a Subclass 188 visa for at least two years and have met the requirements of that visa. To apply for this visa you must hold a subclass 188 in the business innovation stream subclass 444 visa or certain holders of subclass 457 visa and you must be able to show ongoing business involvement
- Business Talent (Permanent) Visa - Subclass 132: This visa is for individuals who have a successful business career and are willing to establish or develop a business in Australia. It allows investors to live in Australia permanently. To apply for this visa you must have a net value of at least AUD1.5 million (lawfully acquired), an annual business turnover of at least AUD3 million for at least 2 of the 4 fiscal years immediately before you are invited to apply, and a total net assets of at least AUD 400,000 as the ownership interest in one or more qualifying businesses for least 2 of the 4 fiscal years immediately before you are invited to apply
- Business Owner Visa - Subclass 892: This visa is for individuals who currently hold a Business Innovation and Investment (Provisional) Visa - Subclass 188 and have established a new or existing business in Australia. It allows investors to live in Australia permanently. To apply for this visa you must
- Investor Visa - Subclass 893: This visa is for individuals who have held an Investor Retirement Visa - Subclass 405 for at least two years and are willing to make a designated investment in Australia. It allows investors to live in Australia permanently. You must hold a Subclass 165 - State/Territory Sponsored Investor (Provisional) visa, be committed to continuing your business or investment activity in Australia, and continue your business and investment activity in Australia.
- Investor Retirement Renewal visa - Subclass 405: This visa is for retired individuals who want to live in Australia. It allows investors to live in Australia for up to four years. You can only apply for this visa if you are an existing Investor Retirement visa (subclass 405) holder or a former Investor Retirement visa (subclass 405) holder who has not held another substantive visa since last entering Australia.
Please note that each type of visa has its own visa requirements. Therefore, you must determine which visa suits your purpose of travel best and then check the requirements for the specific visa.
What Are The Eligibility Requirements For The Australia Investment Visa?
To be eligible for an Australia Investment Visa, you must meet the following criteria:
- You must be nominated by a state or territory government agency or be invited to apply by the Australian government.
- You must meet the health and character requirements.
- You must have a successful business or investment career.
- You must be willing to invest in Australia.
- You must have a certain amount of assets and income.
The eligibility requirements are more or less the same for every type of visa. However, the application process and required documents will differ depending on which visa you apply for,
What Are The Required Documents For An Australia Investor Visa?
To apply for your Investment visa you need to gather certain travel documents. If you forget one of these documents your visa will get rejected. You need the following documents:
- A valid passport: You must provide a copy of your passport bio-data page, which includes your name, date of birth, nationality, and passport expiration date.
- Evidence of funds: You must provide evidence of your ability to make a significant investment in Australia. This may include bank statements, investment portfolios, or other financial documents.
- Business plan: You must provide a detailed business plan outlining your proposed investment activities in Australia.
- Health and character requirements: You must meet certain health and character requirements, which may include medical examinations, police certificates, or other forms of documentation.
- Nomination: In some cases, you may need to be nominated by an Australian state or territory government agency before you can apply for the Investor Visa. This will depend on the subclass you are applying for.
- Other supporting documents: You may also need to provide other supporting documents, such as proof of your educational qualifications, work experience, or evidence of your business or investment history.
It is important to note that the required documents may vary depending on the subclass you are applying for and your specific circumstances.
Visa Applications Steps For The Australia Investors Visa
The visa application process can get lengthy and complicated. The following is just a brief overview of what you can expect from the application process, as some steps may differ depending on the visa you apply for.
Step 1: Do some research
Research the different types of Australia Investor Visas available and determine which one best suits your investment goals.
Step 2: Check your eligibility
Check your eligibility for the selected visa subclass, ensuring that you meet all of the requirements, including the health and character requirements, successful business or investment career, and willingness to invest in Australia.
Step 3: Get a nomination
If you are eligible, obtain a nomination from a state or territory government agency or be invited to apply by the Australian government.
Step 4: Gather the required documents
Gather all of the required documentation, including evidence of your business or investment career, financial documents, and proof of assets and income.
Step 5: Complete the application form
Fill out the online application form, providing all of the necessary information and documentation.
Step 6: Pay the visa fee
Pay the application fee and any other associated fees.
Step 7: Submit your application
Submit your application and wait for a decision from the Department of Home Affairs.
Step 8: Wait for processing
If your application is successful, you will be issued a provisional visa, which will allow you to live and work in Australia for a specified period of time.
It is important to note that the application process may vary depending on the specific Australia Investor Visa subclass you are applying for. It can be a complex and lengthy process. Therefore, I recommend you check the Australia Migration website for a step-by-step guide on the application process for the specific visa you want.
Things To Ensure While Submitting Your Investment Visa Application
When submitting your Investment visa application, ensure that you have:
- Completed all the necessary forms and provided all the required documents
- Provided accurate and truthful information
- Paid the required fees
- Met all the eligibility criteria
Overview Of The Investor Visa For Australia
This section covers all the extra information you need to know about getting an investor visa for Australia. So let's jump right in:
How Much Is An Australia Investment Visa For Indians?
The visa fee depends on the type of visa you apply for:
- Business Innovation and Investment (Provisional) Visa - Subclass 188: From AUD 6 270 (approximately INR 346 515).
- Business Innovation and Investment (Permanent) Visa - Subclass 888: From AUD 3 025 (approximately INR 167 178).
- Business Talent (Permanent) Visa - Subclass 132: From AUD 7 855 (approximately INR 434 112).
- Business Owner Visa - Subclass 892: From AUD 2 570 (approximately INR 3142 032).
- Investor Visa - Subclass 893: From AUD 2 570 (approximately INR 142 032).
- Investor Retirement Renewal visa - Subclass 405: From AUD 385 (approximately INR 21 277).
How Long Does It Take To Process An Investor Visa For Australia?
The processing time is 5 to 12 months. However, it can vary depending on the subclass you are applying for and the complexity of your application.
What Is The Validity Of An Australia Investors Visa?
This is a permanent visa. It lets you stay in Australia indefinitely. You become a permanent resident on the day they grant the visa. Your permanent residency starts on the day we grant the visa for citizenship purposes.
How Much Money Do I Need To Invest For An Australia Investor Visa?
The investment required for an Australia Investor Visa varies depending on the type of visa you are applying for. Generally, you will need to make a minimum investment of AUD 1.5 million for the Business Innovation and Investment (Provisional) Visa (Subclass 188) or AUD 5 million for the Investor Visa (Subclass 893).
The Business Talent (Permanent) Visa (Subclass 132) requires a nomination from an Australian state or territory government, and the investment amount will depend on the specific business proposal and industry.
Happy Travels!
In conclusion, the Australia Investor Visa is an excellent opportunity for Indian investors looking to expand their business ventures in a thriving economy. If you are considering applying for an Australia Investor Visa, be sure to research, gather all required documents, and seek professional guidance to ensure a successful application process. For more information, check out the FAQ section.
The information in this post is from reliable sources:
- Live In Melbourne website.
- Migration To South Australia website.
- Australia Department Of Home Affairs.
This post was written and fact-checked by AI.
Written By: Laliq Schuman
Fact Checked By: Nikhita Rathod
Frequently Asked Questions
How Can I Get An Investment Visa In Australia?
To get an Investment Visa in Australia, you must be nominated by a state or territory government agency or be invited to apply by the Australian government. You must also meet the eligibility criteria, including having a successful business or investment career, being willing to invest in Australia, and meeting the health and character requirements.
How Much Do I Need To Invest To Get An Investment Visa In Australia?
The amount of investment required varies depending on the type of visa you are applying for. For example, to apply for a Business Innovation and Investment (Provisional) Visa—Subclass 188, you must be willing to invest at least AUD 800,000 in venture capital and growth private equity funds.
Can You Get Australian Citizenship Through Investment?
No, you cannot get Australian citizenship through investment. To be eligible for Australian citizenship, you must meet the residency requirements and pass the citizenship test.
What Are The Benefits Of Setting Up A Business In Australia?
Setting up a business in Australia has several benefits, including:
- A stable and growing economy.
- A highly skilled workforce.
- A good tax system.
- Access to international markets.
- High quality of life.
- A favorable regulatory environment.
- Become an Australian citizen.
Can I Include My Family Members In My Australia Investor Visa Application?
Yes, you can include certain family members in your Australia Investor Visa application, such as your spouse or de facto partner, dependent children, and dependent relatives. Each family member will need to meet certain requirements, such as health and character checks, and you will need to provide evidence of your relationship to them.
What Is The Difference Between A Provisional And A Permanent Australia Investor Visa?
The provisional Australia Investor Visa (Subclass 188) allows you to establish a business or investment in Australia for up to four years. Then, after meeting certain requirements, such as maintaining your investment and business operations, you can apply for a permanent Australia Investor Visa (Subclass 888). The permanent visa allows you to stay in Australia indefinitely and includes the same benefits as the provisional visa, such as the ability to work and study in Australia.
Can I Apply For An Australia Investor Visa If I Have Previously Been Refused A Visa For Australia Or Any Other Country?
If you have previously been refused a visa for Australia or any other country, it may affect your eligibility for an Australia Investor Visa. Each visa application is assessed on a case-by-case basis, and previous visa refusals may impact your character assessment or immigration history. Therefore, it's important to disclose any previous visa refusals and seek advice from a migration agent or visa consultant before applying for an Australia Investor Visa.
How Long Do I Have To Invest After Obtaining An Australia Investor Visa?
After obtaining an Australia Investor Visa, you will generally need to invest the minimum required amount within a certain timeframe. For example, the Business Innovation and Investment (Provisional) Visa (Subclass 188) requires you to invest the minimum amount within four years of the visa being granted. The Investor Visa (Subclass 893) requires you to invest the minimum amount within six months of the visa being granted. It's important to carefully review the investment requirements for your specific visa subclass and seek advice if you have any concerns.