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While starting a business in Australia ensuring the possession of a right visa is necessary. For establishing a small or large business, it is important to have correct certifications. Besides that, monitoring of investments, expenses, general accounting, and ensuring legal operation of business, is also important. Visa’s permitting Establishment of a Business in Australia

1) Subclass 188 a - Business Innovation and Investment (Provisional) Visa

This visa(Subclass 188) permits a person to establish a new business or also develop an existing business in the country. Moreover, one can, conduct business/investment, and undertake entrepreneurial activity. It also allows travels within and outside the country for the life of visa. Additionally the person can bring family members to Australia.

2) Business Innovation and Investment (Permanent) visa (subclass 888)

This visa (subclass 888) marks the second stage of the Business Innovation/Investment (Prov.) visa of subclass 188). Persons can apply for subclass 888 after having lived In Australia for the two years before submitting an application

3) Business Talent (Permanent) visa (subclass 132)

This visa(Subclass 132) permits an entrepreneur to create a fresh business or also for developing an existing business in the country by using the streams of:
  • Significant Business History stream
  • Venture Capital Entrepreneur stream
The Business Talent visa subclass 132 permits a person in establishing a new business or also in developing an existing business in the country. This visa also allows an individual or a family member to stay and work for an indefinite period in Australia

Fundamental Requirements to Start a Business

  • After obtaining a visa come to Australia, and establish a qualifying business here. The visa holder can also participate in an existing qualifying business.
  • Furthermore, register with the Australian Securities and Investment Commission and obtain an Australian Company Number.
  • Finally for persons intending to establish a small business, the owners must apply for the Australian Business Number.
  • There is a norm to open a Business Bank Account In all cases.
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