Why Business Migration to Australia Makes Sense!
Business Migration to Australia
Down Under is one of the overseas hotspots that offers transparent and well regulated business environment to the foreign business professionals. It has the finest location backed by strong economy, political stability, well developed infrastructure and multi-cultural workforce. Its attractive growth rate and low risk business environment are also major factors that attract a large number of business professionals.
As per some reports, during the last 10 years, the number of the business professionals keen to migrate to Oz has gone up. But, Business migration to Australia is not an easy task, but for the potential candidates it’s not impossible either.
Geographically, located in Asia Pacific – the fastest growing region, Oz takes advantage of the region’s economic growth through strong economic and trade links. The country’s economy is also supported by economic ties with the European Union (EU) and Europe; the US, specifically the Northern and southern part; some Middle East and African countries.
Why choose Australia for business migration?
In the ‘Ease of Doing Business’ report of the International Finance Corporation (IFC) and World Bank (WB) Oz has been consistently ranked one of the best places to do business in the world. At present, it is ranked 10th in the world for the ‘ease of doing business’.
The country is open and liberal and offers many business avenues to support business activities and free trade in the country, and if you talk about corruption ‘Transparency International’s Corruption Perception Index’, it is the 8th least corrupt country in the world. It means Oz is less corrupt than many other countries, like the UK and Switzerland, for instance.
Company formation and business enterprise
While starting a business in Oz, it is of vital to choose the right business structure wit in the legal boundaries of the country. When it comes to liabilities and taxation different business structures offer different benefits.
Foreign business professionals may operate several business entities which include partnership, joint ventures, companies, sole traders and trusts.
Subclass 188 Business and Innovation-Provisional Visa
It is a Provisional Visa and designed for those foreign investors who intend to either invest in an existing business or wish to enter in a completely new venture and contribute to the nation’s economic and social growth.
Business Innovation and Investment (Permanent) Subclass 888 Visa
Those who want to permanently settle in the country can apply. It is the second stage of the Business Innovation and Investment Subclass 188 Provisional Visa. Either the principle visa holder or the secondary visa holder, who is either the de facto partner or spouse, can submit an application once they have met the requirements for the visa.
Business Talent (Permanent) Visa (Subclass 132)
It is a Permanent Residence Visa (PRV) and the candidates are required to submit an Expression of Interest (EOI) using SkillSelect.