Putting Up A Business In Australia

For those planning to set up a business in Australia, visa application will be your first step. And in order for you to start your business successfully, you need to get this one right. Here are some things that you need to keep in mind when applying for a business visa.

Your first concern is determining the right kind of business visa to get. This is actually the part which confuses many people. To clarify things, there are two major types of visa that a businessman can get in the country, the temporary and the permanent visa. The temporary visa is the one intended for those who are going to Australia for a short stay to conduct business matters. These includes such things as meeting a client or conducting an event. On the other hand, the permanent visa is aimed for those who are going to do business in the country for a much longer period, such as setting up and managing a business, which is the main concern of this article.

The specific type of permanent business visa that you will have to go for in case you plan on putting up a business is the business skills visa. This visa grants you the right to establish a business during a given time and oversee its operations. Upon successful establishment of your business, you are then allowed to apply for permanent residencey. Note that those with an exceptional business profile can also skip the business visa application and directly go to filing an application for permanent residency.

And this one leads to the major requirement in getting a business visa: that of your ability to set up a business in the first place. There are two ways that you can here, either you can present as plan for extending your business in the country or be an investor.

For those going for the former, a successful business record is an essential requirement. By successful, it means that your business must be in operation for at least three to five years prior to your application. You also need to present documentary proof that your business does have a good performance and the expansion will likely have good results.

On the other hand, inventors need to present proof that they will be able to start a business from scratch. An initial capital outlay of no less then AU$ 500,000 is necessary for putting up a business. It is also essential that have a concrete business development plan to present to the Australian government as well as details of possible income and job generation.