There are two key tasks to take when moving your business to Australia.
1. The Appropriate Visa
It is important that you determine which visa is appropriate for your particular situation. Like may other countries, Australia has many and varied types of business visas each tailored to specific purposes. Your success with your application is going to depend on whether you find the right visa for your particular circumstances.
The two most prominent visas for businesses considering moving their business to Australia are the Business Innovation & Investment Visa and the Business Talent Visa. For the Business Innovation & Investment Visa, you are either going to need to be sponsored by a state government body or you are going to have sufficient assets to meet the minimum threshold for the investor visa. The Business Innovation & Investment Visa is reserved for those who already have a substantial amount of capital or backing to transition an existing business or start-up into a large entity that will provide major benefits to Australia.
The Business Talent Visa threshold is to own part of a company that is already overseas and has a net value of at least AUD $1.5 million in funds or have access to substantial venture capital funding that is over AUD $1 million.
2. Appropriate Registration with Government Entities
Within Australia, it is quite simple to register your company electronically. The website that you will need to access is has a series of steps that you should consider. The most important step is to search whether the name of your company is available. The reason for this is that the name registration is the first step that will occur when you are attempting to register a legal entity within Australia. Upon deciding the name of your company and applying for that name, you will have to decide what kind of entity that you are looking to incorporate. In doing so, you will determine how to structure the partners and other voting members of your entity. At this stage, you will be able to register your company either with a private service provider that handles all of the administrative duties for you or directly with the ASIC to obtain your ACN/ABN number. Given the ease of the system in Australia it is absolutely possible to register a company on your own without hiring an expensive firm to do so.
The above information is not intended to be legal advice but merely offers a brief summary of what is required to move your business to Australia. If you would like to speak with an Immigration Lawyer about your please contact Roam Migration Law to book a consultation.
