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Sam Hopwood, Australian migration agent for Sable International, says that the traditional Business Innovation and Investment Visa (188) route generally feels too prescribed and rigid for business owners.
“Instead, the Business Talent (Permanent) visa (subclass 132) gives you the opportunity to operate a new or existing business in Australia and immediately obtain a permanent visa, so it lets you stay in Australia indefinitely.
“We are seeing significant uptake from South African business owners wanting to get into Australia on these visas.”
Hopwood says that the visa lets you work and study in Australia, enrol in Australia's public health care scheme, sponsor relatives to come to Australia, and if you’re eligible, apply for Australian citizenship.
Business owners must be able to demonstrate a successful business career and a genuine desire to own and manage a business in Australia.
“There are a host of qualifying criteria but most importantly, you do need to have total net assets worth AUD1.5 million or more, and the total annual turnover of your business must be at least AUD3 million,” says Hopwood.
A key factor is that you must be nominated by an Australian state or territory government agency before being invited to apply for this visa.
An alternative option is the Temporary Skills Shortage (482) Visa, which temporarily allows an employer to sponsor a suitably skilled worker to fill a position in their Australian business.
Businesses that operate outside of Australia can sponsor employees to work in Australia. These sponsorships help international businesses who want to establish a presence in the Australian market or have contracts in Australia that need to be services by the overseas business.
This visa lets you establish your business in Australia and provides a pathway from temporary to permanent residence. In addition to the overseas business sponsorship, you will also need to apply for a Temporary Skilled Shortage (TSS) visa (subclass 482).
“It allows a SA business the opportunity to expand into Australia and sponsor employees or directors of the business directly on a work visa into Australia,” says Hopwood.
The visa applicant must be nominated to work in an occupation on the medium and long-term skills list. Depending on the occupation they might need a degree or specific work experience. The visa allows you to work in Australia for up to 4 years, and if eligible, apply for permanent residence.
“The process is complex and you need to work with experienced migration agents that understand the Australian and South African contexts - We specialise in helping small to medium sized businesses and private individuals internationalise themselves. Besides meeting the mandatory migration requirements, you need to look at the implications on your tax and investments. With offices in both countries we cover all bases,” says Hopwood.
Sable International is offering a series of free and informative seminars to discuss global citizenship by investment, residency and offshore investment options & considerations:
- JOHANNESBURG - Southern Sun Hyde Park, Sandton, Tuesday 25 February and Wednesday 26 February 2020
- PRETORIA - The Regency Conference Centre, Menlyn, Thursday 27 February 2020
- BLOEMFONTEIN - Protea Hotel Willow Lake, Tuesday 3 March 2020
- STELLENBOSCH - Stellenbosch Golf Club, Friday 28 February 2020
- CAPE TOWN - Marriott Hotel Crystal Towers, Century City, Wednesday 4 March and Thursday 5 March 2020
For more information visit: https://www.sableinternational.com/l/global-citizenship-and-residency-roadshow
Email: info@sableinternational.com Tel: +27 (0) 21 657 2120
About Sable International:
Sable International is expert in helping small to medium-sized businesses, private individuals and clients with international interests, offering full-service solutions through their citizenship, residency, wealth, tax and forex divisions. They specialise in cross-border financial and immigration advice and solutions.
This post and content is sponsored, written and provided by Sable International.
