Australian Business Innovation and Investment Category Program provides three types of visas for business skills entry. Information on each of them is provided further below. The aim of the Business Innovation and Investment Category is to enable successful business innovators and investors to invest or enter into business in Australia and contribute to the growth of Australia’s economy.
State or territory government nomination is required for all business and investor visa applicants in order to be able to receive an invitation for a visa lodgement and lodge a valid visa application in addition to the lodgement of an Expression of Interest (EOI) with the SkillSelect system. An EoI is not a visa application, but an indication you would like to be considered for a Business Skills visa.
There are three main streams under Business Innovation and Investment category:
- The Business Innovation Stream – For applicants with a successful business career and a genuine and realistic commitment to be involved as an owner in a new or existing business in Australia.
- The Investor Stream – For applicants with a successful record of qualifying business or eligible
investment activity who will make a designated investment in a state or territory of Australia and have a realistic commitment to continue to maintain business or investment activity in Australia after the designated investment has matured.
- The Significant Investor Stream – For migrant investors who make an investment of at least AUD $5,000,000 into complying investments in Australia.
There are three types of visas for business skills entry:
Business Innovation and Investment (Provisional) (subclass 188) visa; which leads to
Business Innovation and Investment (Residence) (subclass 888) visa.
Business Talent (Permanent) (subclass 132) visa;
All fees are in Australian dollars and are for my professional immigration services only. Any disbursements or miscellaneous expenses incurred that are associated with the migration process (e.g. State Nomination charges, visa application charges, translation costs etc.) are not included.
For those who are interested, the range of average fees for professional services, charged by registered migration agents is available on MARA web site.
Please note these fees do not include visa application charges payable to the Department of Immigration and Border Protection (DIBP) and cover only visa application related services.
In the case of selecting a Licensed Australian Migration Agent you are primarily guided by the question of cost of services, I will match or better any genuine offer made to you in writing by another migration agent, provided that it does not contradict the legislation of Australia.
Professional immigration services fees for Australian Business Innovation and Investment Category visas are varied depending on readiness of the business documentation, business intentions of the applicant and level of working out in detail of the proposed business activity in Australia. On average:
- Business Innovation and Investment (Provisional) (subclass 188) visa – $16,000;
- Business Innovation and Investment (Residence) (subclass 888) visa – $16,000;
- Business Talent (Permanent) (subclass 132) visa – $12,000;
Immigration Services for the Business Innovation and Investment Category visas include:
- Planning and full support of your entire immigration process from start to finish, taking into account all your circumstances;
- Comprehensive ongoing and personalised advice, provision of information, and documentation on all aspects of the immigration case;
- Advising on the compliance of the proposed for purchase business to the Business Innovation and Investment visa requirements;
- Assistance with selection of a complied business for purchase within prescribed financial characteristic;
- Assistance in planning the investment portfolio for Significant Investor visa applicants;
- Assistance with preparation of all necessary supporting documents;
- Certification of copies of documents, subject to the inspection of the originals by the Registered Migration Agent;
- Preparation and submission of application with all required documents and forms on behalf of the client to the State Nomination Australian Governmental bodies, representing clients in these organizations. Preparation and submission of SkillSelect Expression of Interest (EoI);
- Preparing for the State / Territory Government Nomination interview and accompanying client to the interview with Australian Governmental bodies processing and deciding on the application;
- Preparation and submission of a visa application to the Department of Immigration and Border Protection (DIBP) on behalf of the client and ongoing representation of interests of the client there;
- Payment of all application fees and charges on behalf of the client;
- Preparation and submission to the Registry of a Designated Investment Government Bonds application on behalf of the client;
- Post-immigration advice to the client regarding moving to Australia, employment, housing search, opening bank accounts, obtaining medical insurance, registration with Medicare and Centrelink, obtaining Tax Identification Number, placement of children to schools or Daycare & Kindergarten.
Additional services for the Business Innovation and Investment Category visas that are provided for an extra charge or by third parties include:
Translation of the documents by a NAATI accredited translator. It is possible to use alternative to the NAATI translations as long as they are accordingly certified. Though such translations may not be accepted by the Australian Post Office when applying for the Australian Passport. Please discuss fees for the translations directly with NAATI accredited translators. An average cost of all translations required for a visa application ranges between AUD$200.00 to AUD$1,500.00.
- preparing business or investment plans – $2,500;
- Comprehensive business consulting regarding search and purchasing of a business in Australia which can serve as the basis for the business migration (includes negotiations with business brokers and business owners on behalf of the client, visiting businesses, etc.).
This page provides a summary information on 26 of May 2017. Australian immigration law is complex and it changes on a regular basis. If you have any additional questions or require further clarification, please, do not hesitate and contact me regarding this matter and, if appropriate, to arrange a mutually convenient time for an appointment.
Viktor Ovcharenko MARN 0964258