Wanna Build a Business in Australia? You Get to Know This First

Understand the visa process The Department of Home Affairs is responsible for Australian business visas. If you are not an Australian citizen or permanent resident, you'll need a visa to work in Australia. Before you can apply for these visas, you must be nominated by a state or territory government. Generally, you’ll need to follow these steps: 1. Submit an expression of interest through the Department of Home Affairs’ SkillSelect online service. 2. See if a state or territory government or the CEO of Austrade decides to invite you to apply for a visa. You can wait for a state or territory government to contact you, or you can contact them directly. 3. If you receive an invitation, you can then apply for a visa. You’ll need to meet certain requirements and provide documents to support your application. Find the right visa for you There are specific visa options for non-citizens who want to run a business in Australia.  Business Innovation and Investment (Provisional) visa If you already have business skills you might be eligible for Business Innovation and Investment provisional visa. This provisional visa is for people with business skills. It lets you operate a new or existing business in Australia. If you’re granted a Business Innovation and Investment provisional visa, it’ll be valid for 4 years and 3 months. Provisional visa holders may be able to apply for a permanent visa once certain requirements are met.  Business Talent visas You may also be eligible for the Business Talent visa if you have been: • nominated by a state or territory government agency • invited to apply for the visa • have the required funding or assets This is a permanent visa. There are 2 types of business talent visas.  Significant business history stream This is for experienced business owners looking to operate a new or existing business in Australia. To be eligible you need to have: • a net value of at least AUD $1.5 million • an annual business turnover of at least AUD $3 million  Venture Capital Entrepreneur stream This is for business people who are looking at starting a new business in Australia and have sourced venture capital funding from a member of the Australian Investment Council (AIC). To be eligible you need to have at least AUD $1 million in venture capital funding in Australia to develop a high-value business idea. Set up your business in Australia The money and time it takes to start and run a business in Australia varies greatly. It depends on the type of business you'd like to run and the supplies and licences you need. To help you understand what’s involved, have a look at the following resources: 1. Guide to starting a business – provides information about business planning, different business types, and the steps to take to start a business in Australia. 2. Legal essentials for your business – this covers common legal areas you may need to comply with when running a business in Australia. 3. Starting a company – this provides information about company structures, legal obligations and Australian Company Numbers. 4. Australian Business Licence and Information Service – a service that provides information about the government: • licences • permits • approvals • registrations • codes of practice • standards and guidelines Source : https://business.gov.au/planning/new-businesses/start-a-business-as-a-non-citizen