Category: Business

Corporate Social Responsibility (CSR) has become a vital business strategy. Companies that integrate it see profitability and contribute to sustainable growth, ensuring long-term success.

What Does CSR Mean for Your Business?

Corporate Social Responsibility is about making a meaningful impact. From reducing carbon footprints to supporting local communities, companies like Unilever show that doing good deeds boosts reputation and profits. CSR creates lasting morale for your business and society.

The Link Between CSR and Long-Term Profitability

When businesses focus on CSR, customers trust them and stick around longer. Ethical practices attract people who care about the company’s values. Sustainability helps save money in the long run. CSR makes both customers and businesses happy.

  • Ethical sourcing addresses the growing consumer demand for transparency.
  • Investing in sustainability, like using recycled materials, reduces operational costs over time.

Key CSR Strategies That Drive Sustainable Growth

The adoption of focused CSR strategies can generate both societal advantages and promote business growth.

  • Investing in energy-efficient technologies lowers operational costs and environmental impact.

For Example, installing solar panels cuts energy costs and reduces carbon footprints. IKEA’s commitment to 100% renewable energy reduces costs and enhances environmental impact.

  • Engaging with local communities by initiating job training or health programs strengthens the brand perception as it creates social stability, indirectly benefiting the business.

For example, providing job training programs creates goodwill and strengthens brand perception. Starbucks invests in community programs, fostering customer loyalty and employee morale.

  • Ensuring transparency and ethical sourcing will build trust and minimise risks in supply chains. Organisations achieve success by aligning with consumer values centred on fair trade and ethical production.

Strategies like sustainability initiatives, community engagement, and ethical sourcing drive profit and positive social impact.

The Role of Consultants in Developing Effective CSR Programs

Business consultants play a critical role in aligning CSR goals with growth objectives. They bring expertise in tracking KPIs and refining strategies to maximise impact.

  • Consultants track KPIs like customer retention and energy savings, refining CSR efforts for measurable results.
  • Deepak Mandy, for example, specialises in helping businesses implement CSR programs that align with growth goals.

Expert consultants optimise CSR strategies, ensuring measurable success aligned with business objectives.

Measuring the Impact of CSR

To maximise the benefits of CSR, it’s essential to measure its impact through clear metrics.

Key metrics to measure CSR impact include:

  • Customer retention rates: Loyal customers indicate trust and satisfaction.
  • Employee satisfaction scores: Happy employees lead to lower turnover and higher productivity.
  • Environmental savings: Metrics like reduced carbon emissions highlight sustainability achievements.

Many companies report increased morale and reduced costs after adopting sustainability programs. Measuring and refining CSR initiatives through clear metrics ensures long-term value for businesses and communities. Data-driven insights refine CSR efforts, maximising benefits for both businesses and communities.

Real-Life Examples: Businesses Thriving Through CSR

Global brands illustrate how CSR can drive business growth while benefiting society.

  • Patagonia: Increased customer loyalty through environmental sustainability.
  • Unilever: Improved profitability and reputation by embedding CSR into its strategy.
  • Smaller businesses can replicate these practices on a scale that fits their operations, proving CSR isn’t limited to global brands.

How CSR Builds Trust and Loyalty with Customers?

Consumers choose brands that align with their values and illustrate ethical practices. CSR sends a message that the business cares about more than profits. Authentic initiatives, like community outreach or environmental sustainability, foster deeper consumer connections. Loyal customers often recommend these brands, amplifying their reach through positive word-of-mouth.

The Role of CSR in Employee Retention and Attraction

The modern workforce appreciates organisations with a clear mission. Professionals are more inclined to stick with organizations that positively touch their lives and share their ideals.

CSR strategies boost retention and morale, especially among younger employees who care about sustainability and ethics. Corporate Social Responsibility initiatives attract talent and reduce turnover.

The Future of CSR: Trends to Watch

Emerging CSR trends show how businesses can stay ahead in a rapidly changing world.

  • Circular economies: Businesses recycle and reuse resources, minimising waste.
  • Carbon neutrality: Companies aim to offset their carbon emissions completely.
  • Green technologies: Innovations like electric vehicles and renewable energy gain traction.

Ethical investing is booming, drawing investors to businesses that care about the planet. Embracing CSR trends like circular economies and carbon neutrality secures your business’s future, ensuring leadership and success.

Conclusion

CSR drives growth, loyalty, and positive impact. It opens new opportunities and builds lasting relationships, benefiting businesses, communities, and the planet.

Starting a business in this cutthroat market might be like navigating a ship through unknown waters. Without the correct guidance, many startups risk sinking before setting sail. It is where business consulting comes in and offers the compass and map needed to chart a course towards success. A business consultant for startups can be the difference between floundering in the dark and flourishing in the light of day. Here’s how consulting can help budding businesses thrive.

Defining a Vision and Plan Strategy

A vision for a start-up is like a Pole star to the founders, as it shows a clear direction in guiding every decision and action. A business consultant assists the founders in giving shape to their dreams and converting them from mere conceptions into strategy. They work closely with startups to outline clear objectives, set SMART Goals, and develop a roadmap corresponding to the company’s long-term goals. If a startup does not have a clear strategy in mind, it can quickly get lost in the process, but with a consultant, the path becomes much clearer.

Market Research and Competitive Analysis

Understanding the market is crucial for any startup. Just as a sailor needs to know the tides, a startup must be cautious of market dynamics. A business consultant conducts thorough market research, identifying trends, customer needs, and potential competitors. By using this kind of data, the consultants can assist the startup companies in how to position them to identify their USP (Unique Selling Proposition) and, most importantly, learn from the mistakes of others. This insight helps establish a competitive advantage in the market, especially when competition has risen greatly.

Financial Management and Strategy

This is the lifeblood of any start-up determining the viability of the business. Managing finances may be an exhilarating task in the progress of business ventures, and business consultants can assist in this. From budgeting to forecasting, they support a sound financial plan that can help sustainability. Consultants also assist with issues to do with financing, cash flow, and optimising expenses. Think of them as the navigators who ensure the ship doesn’t run out of fuel midway through the journey.

Operational Efficiency

A startup has to be efficient to survive, like a well-oiled machine that runs smoothly. A business consultant identifies areas where operations can be improved, reducing waste and maximising productivity. They offer solutions to streamline processes, implement technology, and enhance workflow. By focusing on operational efficiency, consultants help startups get more done with fewer resources, enabling them to compete effectively even with limited means.

Branding and Marketing Strategies

In the vast ocean of businesses, standing out is vital. A business consultant helps start-ups to have a better corporate image and market the firm’s goods and services effectively. They help startups make important decisions and learn about their target audience, the messages to convey, and the means to do it. A well-defined brand and marketing plan provides the wind in the sails of a startup, propelling it forward and ensuring it reaches its intended destination.

Talent Acquisition and Team Building

One has to note that the greatest asset that a startup can possess depends on the people behind the company. Moreover, a business consultant is crucial in recruiting and putting together a competitive team of employees. They help in identifying the skills needed, recruiting the right talent, and furthermore, promoting a collaborative work culture. Consultants also guide leadership development and employee retention strategies. Like a skilled crew on a ship, a strong team is crucial for navigating the challenges of the business world.

Risk Management and Compliance

Every business faces risks, but with proper management, these risks can be mitigated. A business consultant advises the startups on the threats that they may face in the business. These may either be financial, legal, or operational risks and how they may tackle and minimize such risks. They also help keep the business in check with the laws and regulations, preventing the company from facing huge penalties and legal troubles. Consequently, consultants become those nets that protect startups from falling into unseen pitfalls.

Scalability and Growth Planning

A successful startup must be ready to scale when the time is right. A business consultant assists in planning for growth, ensuring that the startup’s infrastructure, resources, and strategies can handle expansion. They provide insights on market opportunities, product development, and scaling operations. By planning for growth early on, consultants help startups avoid difficulties and make the move to the next stage easier.

Customer Acquisition and Retention

Customers are the backbone of any business and play a crucial role till they are turned into loyal clients. A business consultant assists the start-ups to find the best ways of selling and marketing their products. They guide in customer segmentation, sales techniques, and customer service excellence. By focusing on acquisition and retention, consultants help startups build a loyal customer base that drives long-term success. In the sea of competitors, a strong customer base keeps a startup afloat.

Mentorship and Continuous Support

It is important to note that the path of a startup is long and complex and is paved with many difficulties. A business consultant is someone who not only provides solutions but also helps guide a business move forward. Also, they provide feedback as a third party and contribute innovative insights and professional consultation at each phase of the firm. This continuous support can be the anchor that keeps a startup steady during turbulent times.

Deepak Mandy, an experienced business consultant, embodies these qualities and more. Well-known for his contributions to a range of sectors, such as startups and real estate, Deepak provides specialised advisory services that support the expansion of companies. His all-encompassing approach covers everything from team creation to market analysis, making sure companies have the assistance they require to be successful. With Deepak Mandy as a guide, startups can confidently navigate the complexities of the business world. 

In conclusion, business consulting is necessary for startups to survive the web of the business environment. Both in defining a vision and executing the strategy on the ways to grow the company, a Business Consultant is the weapon that a startup needs to succeed. Accordingly, when startups are accompanied by the right consultant, like Deepak Mandy, a dream turns into a success and a potential into reality.

The benefits of creating a business partnership are numerous. It’s a chance to pool resources, and that person is likely to have abilities you don’t. Establishing a partnership with partners or investors can provide your organization with financial resources as well as talented, productive human capital if done correctly. Everyone has a favourite brand, but there’s a high possibility your favourite products are the result of two different brands collaborating.

One of the quickest methods to expand your business is to form partnerships. CBD Movers Owner does not have a large group, but Deepak Mandy knows how to use partnerships to broaden our reach and accomplish more than most other groups of our size.

I’m delighted to share how we achieved it and demonstrate how smart collaborations can help you develop your business. After having an epiphany: our potential clients were already spending time elsewhere, CBD Movers owner began looking for partners. Deepak Mandy thought he had a lot to contribute to the right consumers because of his background and expertise in the moving industry. All we had to do was select companions who were a good match for both of us.

1. Bridging the Knowledge and Expertise Gap

Partnering with CBD Movers Owner can provide you with a broader range of skills for many aspects of your company. A good business partnership may also contribute expertise and experience that you lack, as well as complementary abilities that will help you build your company.

For example, you might be amazed at coming up with fresh ideas but not so much at selling them. You may be a digital whiz, but when it comes to creating connections and managing operations, you’re a fish out of the sea. That’s where a capable and knowledgeable partner like Deepak Mandy may come in and fill the gaps.

2. Increased Capital

A potential partner like CBD Movers Owner may be able to inject capital into the company. It’s also possible that the other person has more strategic ties than you. This could help your company attract potential investors and raise further funding to expand.  It will be easier to raise funds for business operations if there are two or more partners interested in the company.

A potential business partnership may have a diverse network of connections that can assist your company in attracting investors. The collaboration can also assist you in obtaining funding for your firm. It will increase your creditworthiness, making it easier for you to obtain business loans. Your ability to borrow money to fuel your company’s expansion may also be improved if you choose the right business partner. When examining a potential companion, it’s a good idea to keep these financial issues in mind.  As a result, the more partners in the firm, the more money will be put into the investment, allowing your company to grow and profit more.

3. Cost-Cutting

Having such a business opportunity might help you share the financial burden of running the company’s expenses and capital expenditures. This could save you a lot of money compared to going on it alone.

4. Expanded Business Opportunities

The opportunity to share labor is one of the benefits of having a business partner.  CBD Movers Owner can help you enhance your productivity while also allowing you to explore new business opportunities with ease and flexibility. It may even be capable of resolving the issue of opportunity costs.

Potential advantages or commercial chances that you may be compelled to forego while pursuing other options are known as opportunity costs. After all, as a one-man band, you must prioritize where you spend your time and talents. A partner who shares the workload may free up time for you to pursue other options.

5. Achieving A Better Work-Life Balance

By spreading the effort, a companion can assist lighten the weight. Such a business opportunity may allow you to take time off when you need it, knowing that someone you trust will keep the fort running. This could be beneficial to your personal life. Partners can assist you in achieving a balanced life by reducing your job load. As a result, your mental health will improve.

You will not be constantly stressed. You will also be able to take vacation days as needed. A business relationship may eventually assist you in being psychologically fit.

6. Morale Boost

Everyone should be able to bounce ideas off each other and discuss big issues.  When we face setbacks or have to deal with jobs or everyday disappointments, we may want moral support. Other times, it’s simply the want to rejoice after achieving a goal or even the need to vent now and then.

A solopreneur or small-business owner may not have as many options for accomplishing this. Running a business on your own can be isolated. However, a valuable business companion like CBD Movers Owner might be a trustworthy collaborator.

7. A Fresh Viewpoint

It’s all too simple to develop blind spots in our business practices. Collaboration can bring in fresh eyes to assist us to see things we might have overlooked. It may assist us in gaining a new perspective or outlook on what we do, who we work with, which markets we seek, and even how we price our products and services.

A spouse can inspire us and perhaps take us from apathy or the status quo to the thrill of discovering new possibilities. We can’t put a price on everything, and inspiration is one of those precious intangibles.

8. Adaptability

A partnership business is a useful structure or form. Other corporations’ policies are more conservative than their own.  In comparison to other businesses, they are not as severely regulated. The moving business can be operated and financed in whatever way it sees fit. Because partners only have the right to make business decisions, management and business operations are more flexible as long as all partners agree with each other.

9. Long-Term Stability

All businesses want to remain relevant for a long time and fulfil their corporate goals. If you have business partners, you are no longer functioning alone.  You’ll have more information, innovation, expertise, and finances available to you. What’s the bottom line?

A good business collaboration improves your performance by addressing your flaws and enhancing your strengths. Finally, this is all you need to stay relevant for a long time and assist your company in achieving its goals and essential outcomes.

To summarise, all firms should seek out the ideal strategic relationship that matches their operations, since this is a proven way to propel any company forward. If huge global organizations such as Google, Apple, Luxottica, and others still regard strategic partnerships as a method to grow and expand their company horizons, then there should be no reason for any business owner to ignore the benefits of a well-aligned collaboration.

Deepak Mandy is a business coach who has been building businesses Down Under all his life. From commendable expertise in the IT sector to a tight grasp on logistics, he has also been a mentor for budding entrepreneurs, giving genuine and effective business advice. As a business coach, Deepak Mandy understands the challenges that young, as well as seasoned businessmen, face while raising funds for their companies. It is true that the proper execution of an idea is what makes it work. Bringing good solutions to the masses has been Deepak Mandy’s forte ever since he entered the Australian markets and raising capital is one of the foundations of any good execution. This guide seeks to explore these challenges and how to overcome them.

Challenges in Raising Capital

Entrepreneurs come up with brilliant ideas and even have the right knack for executing them into practice. However, a slow or lack of cash injection at the right time is a major reason for many crushed dreams. Deepak Mandy suggests:

  • Investors are Dicey: It happens often that a verbal commitment given by the investors during a pitch is not followed up with a proper investment decision by the investors.
  • Lack of Urgency: Entrepreneurs often fail in creating a sense of urgency to the investor which results in a delayed reaction. The number of investors is less compared to the number of companies seeking funds – a major reason behind this issue.
  • A Declining Economy: You can’t do much about it, can you? Well, coming up with a market disruptive solution is the only business advice that would work here. Moving on.

Companies Eligible to Raise Funds in Australia

Public companies (a company with more than 50 shareholders that are not direct employees of said company) are eligible to raise money from the general public (IPO). The company has to declare securities before entering the public pool to raise money.

Private companies (technically the opposite of a public company i.e not more than 50 shareholders that are not employees) can also enter for raising capital:

  • From a private party such as employees, shareholders, or a subsidiary company.
  • If there is no disclosure document required, the private company can raise funds from the general public.

Restrictions on Advertising or “Cold Calling”

When a disclosure document is required to raise funds, cold calling or advertising to the general masses has restrictions and boundations. In the most general terms, it is not allowed to cold call people from the general public and tells them about the securities. There is an exception in this case though. Deepak Mandy suggests that you check this link out. Holders of the Australian Financial Services Licence can raise funds from the public. Do check the link for more information though.

Advertising securities, as aforementioned, is not allowed. However, if the disclosure document is lodged, the scenario changes a bit. You can start advertising for public funding in Australia after the disclosure document is lodged as long as there is a statement in the advertisement or cold call stating that:

  • Offers will be taken only with an attachment of the disclosure document
  • There is an application form in the disclosure document and anyone who wishes to infuse money should fill it out first.

Don’t have a disclosure document? The Right Time to Raise Funds is this

With years of experience raising as well as investing funds, business coach, Deepak Mandy has compiled some pointers for you in this regard. If your company does not have a disclosure document, the right time to raise funds depends on:

  • In case there is a personal offer. This also includes (a) offers made to less than 12 people in the course of a year and (b) the offer will not raise the total amount (in a year) above $2 million.
  • Offers are made to the person who is not eligible for a disclosure document.
  • There are also various conditions that are included in this category. For a detailed understanding of when you can raise capital without a disclosure document, check out the official link.

The right time to raise capital in case of the non-existence of a disclosure document also depends on where your business is currently and whether you have an execution plan in place. In simple terms, the allocation of the proposed incoming funds needs to be decided by the entrepreneur. Although this is not some mandatory step, it is absolutely essential for the entrepreneur to have a thorough understanding of where the money would be used and how much the returns will be.

How to Overcome Raising Capital Challenges

As a business advisor and coach, Deepak Mandy suggests that entrepreneurs take the following roadmap to overcome the challenges of raising funds in Australia:

  • Scalable business strategy: A scalable business strategy is one of the major factors that investors look into before injecting money into a business. Investors look for good future prospects before making a decision so a scalable business model is a must.
  • Market feasibility: Entrepreneurs and young businesses should not fall in love with their ideas and lose a sense of the real world. The feasibility and the problem-solving power of a business is the one thing that will keep the company floated in periods of crisis.
  • Having a realistic time frame: Unrealistic deadlines are also a reason for the failure of many young businesses. Business advice in this case requires entrepreneurs to keep a realistic sense of time frames.
  • Networking: Networking with high net individuals as well as good companies of the different industries is another key factor that will help you to raise capital.
  • Crowdfunding: Crowdfunding is another great way to raise capital if you believe that your idea is capable of motivating the general public to help you grow.

Conclusion

It is crucial to understand the place and time where your company stands before you start planning the next step. If you decide to raise money at the wrong time, it may end up hurting you more than helping you. We hope that this ‘Deepak Mandy’s guide to helping overcome capital raising challenges’ was mind-opening for you.

Establishing a new business can be amazing and challenging. You have to do market research, arrange finance, build contacts, secure a location, and perhaps hire staff. Before establishing your new business, it is recommended that you speak with an experienced business consultant about your new business idea. A business consultant will increase your knowledge and experience about the future operations of your business, as well as help you in creating a business plan.

Business Plan

People avoid writing a business plan because they believe it is too time-consuming or unnecessary unless they are seeking financing. However, the reality is opposite. Establish a business strategy before investing. It will help you develop a strategy, define your company goals, and determine the viability of your planned business.

A business consultant may develop a customized business plan for you or will evaluate your existing plan and provide you with useful suggestions on your business idea. They will identify any missing information or research on your behalf. Additionally, they will offer simple business advice on how to improve your company’s performance.

During the start-up period of the business life cycle, a business consultant will help you deal with the specific difficulties that arise.

● Building a strong structure– Identifying the most appropriate structure for you.
● Registration may be a hassle– With assistance, you may avoid the hassle of registering your company with the government.
● Budgeting and planning– can help you in developing a practical and effective company strategy.
● Accounting system– can conduct an audit of your current accounting system and provide recommendations for improvements to guarantee that your system generates accurate and trustworthy financial statements.

Benefits of Getting the Assistance of a Business Consultant

● Protect your company from making potential mistakes and spending money that isn’t required.
● Provide a properly studied business plan.
● Most up-to-date legal and compliance knowledge.
● Understand all aspects of running a company from start to finish.

What does a business consultant do?

A business consultant’s goal is to help an organisation improve its performance and growth by finding creative ways to achieve corporate goals. They are equipped to handle difficult business problems by developing solutions that will enhance the operational and financial health of any organisation.

  • Identify barriers to growth or efficiency
  • Determine the changes that need to be made and help implement the changes
  • Provide necessary training and resources to staff and management
  • Bring unique ideas to rejuvenate the business
  • Support in business planning and creation of new business
  • Implementation of new programs
  • Analyze the budget of a business, provide recommendations for changes, and assist in implementing such changes
  • Select suppliers and partners to help accomplishing goals

Strategy Development For Your Business

Strategy development approach of a business consultant ensures that short term activities are aligned with long term aspirations, vision and purpose. Through market research and business analytics, they identify key issues, opportunities, and threats that affect an organization’s business model.

They collaborate with you to define and develop your organization’s fundamental mission and vision, as well as define the critical strategies necessary to achieve them. Then they plan, prioritise, and organize key initiatives into a roadmap with short-term, mid-term, and long-term goals.

What is a State or Territory Sponsored Business Owner Visa?

The State or Territory Sponsored Business Owner Visa is for overseas business owners who own or intend to own a business in Australia. It allows you to live permanently as a resident in the country.

To apply as a primary applicant, you must meet the following eligibility criteria:

Basic Eligibility

1. Must hold any of the following visa subclasses:

  • Business Owner (Provisional) visa (subclass 160)
  • Senior Executive (Provisional) visa (subclass 161)
  • Investor (Provisional) visa (subclass 162)
  • State/Territory Sponsored Business Owner (Provisional) visa (subclass 163)
  • State/Territory Sponsored Senior Executive (Provisional) visa (subclass 164)
  • State/Territory Sponsored Investor (Provisional) visa (subclass 165)

2. Applicant as the holder must have been in Australia for a total of at least 1 year in the 2 years immediately.

3. Victorian Sponsorship Eligibility: You must show that you have met the visa sponsorship eligibility conditions you agreed to at the time of accepting provisional sponsorship by the State of Victoria.

4. Current Data: Data provided in the application must be no more than 3 months old. It should be consistent with Business Activity Statements, financial reports, tax lodgements and any data held by an Australian government department, e.g. Australian Taxation Office and the Department of Home Affairs.

5. Payment of Employees: Applicant has to comply with the National Minimum Wage standards in regards to ‘eligible’ employees.

6. Export business activity: If an applicant is in the export business, then they must show that the company has made a direct contribution to the Victorian economy.

The applicant also has to demonstrate that he/she has not engaged in any kind of illegal exporting.

Application Process

Apply for a Victorian visa nomination before making a formal application for a visa and it involves two steps as follows:

Step 1: Apply for Visa Nomination
Step 2: Lodge a Formal Visa Application

Failure to meet the above-mentioned conditions may result in the withdrawal of Victorian Government support for the State-Sponsored Business Owner Visa application.

People with Business skills who wanted to expand their business globally and own an existing business, they can get Australian permanent residency. Australia is offering a unique and family-friendly lifestyle with a high standard of living, social mobility and excellent educational opportunities.
Australia has the most stable economic and political environment where you can invest your savings to expand your business and live your life to the fullest.
If you want to run a business or invest in an existing business within Australia, visa subclass 188 allows you to do that. This business investment visa can be upgraded into permanent status via applying for a subclass 188 visa.

Basic Eligibility

The application process of the subclass 188 business investment visa follows below eligibility criteria:

  • Submit an expression of interest.
  • Apply for nomination by the State or Territory government agency or Austrade
  • visa application submission.

Business investment visa -subclass 188 have Several Streams you can go with:

Business innovation stream

This provisional visa for those people who want to own, develop, and manage a new business or exciting business in Australia. You should have a nomination by an Australian State or Territory government agency.

  • You can stay up to 4 years and 3 months
  • Cost of Investment from AUD 5,375

Investor stream

The minimum amount of investment required is 1.5 million AUD in an Australian State or Territory. The applicant for this business investment visa also needs to continue investment activity in Australia.

  • You can stay up to 4 years and 3 months
  • Cost of Investment from AUD 5,375

Significant investor stream

In the case of this business investment visa, the minimum investment is 5 million AUD in a new or an existing business in Australia. Active investment is required.

  • You can stay up to 4 years and 3 months.
  • Cost of Investment from AUD 7,880

Business Innovation Extension stream

Holders of the Business Innovation and Investment (Provisional) visa (subclass 188) in the Business Innovation stream can prolong their stay in Australia for an additional two years, or up to four years if COVID-19 concessions apply.

  • You can stay in Australia for a total of six years from the date your Subclass 188 visa in the Business Innovation stream is granted.
  • You can only hold one Business Innovation and Investment (Provisional) visa (subclass 188) at a time
  • Cost of Investment from AUD645.

Significant Investor Extension stream

Holders of a Business Innovation and Investment (Provisional) visa (subclass 188) significant Investor stream can prolong their stay in Australia for up to four years with this provisional visa.

  • You can stay in Australia for a total of eight years from the date of Subclass 188 in the Significant Investor Extension stream is granted.
  • You cannot hold more than one 1 Subclass 188 visa in the Significant Investor Extension stream.
  • Cost of Investment from AUD645.

Premium Investor stream

This provisional visa is for those applicants who are nominated by Austrade and who require to invest at least AUD15 million in Australian investments and/or philanthropic contributions.

  • You can stay up to 4 years and 3 months
  • Cost of Investment from AUD 9,455

Entrepreneur stream

This provisional visa allows you to carry out entrepreneurial activities in Australia. You should initially be nominated by an Australian State or Territory government agency.

  • You can stay up to 4 years and 3 months
  • Cost of Investment from AUD 4,045

Reference

Congratulations to the Goyal family- Manish, Mehul, and Era on being approved for an Australian visa under the Australian Business Innovation and Investment Visa (Provisional) (subclass 188) category.

Mr. Deepak Mandy has helped them to get their Australian business visa with all the appropriate guidance that was required from the very start till their visa documents were in their hands.

Australia is welcoming international business owners to set-up or manage a business in Australia. Entrepreneurs who want to establish their business or investors who can invest $1.5 million in Australia can apply for an Australia business innovation and investment visa.

If you are looking for the right guidance, Deepak Mandy gives personal attention to each and every individual business need and has a rich experience in guiding entrepreneurs regarding business set-up and visa applications.

Want to work and live in Australia permanently as a resident? You require a business innovation and & investment visa (subclass 188). The visa allows individuals to own and administrate a new or existing business in Australia and live permanently as a resident in the country. A person after getting this visa can continue his business or other investment activity in Australia and get citizenship of Australia.

What is a Permanent Visa (Subclass 888)?

This visa is a second stage application for permanent citizenship or residency for holders of Business innovation & investment (provisional) visa (subclass 188).

The Subclass 888 Visa Has Five Eligibility Streams

1. Business Innovation Stream

2. Investor Stream

3. Significant Investor Stream

4. Entrepreneur Stream

5. Premium Investor Stream

1. Business Innovation Stream-

This visa allows people stay permanently who have held a Business Innovation and Investment visa (subclass 188) in the Business Innovation stream.

Eligibility- A person should hold a subclass 444 visa or subclass 457 visa and able to show ongoing business involvement.

2. Investor Stream-

With this visa, you can continue your investment activities and stay in Australia permanently.

Eligibility- Person should have a subclass 188 in the investor stream and a designated investment of AUD1.5 million for 4 years.

3. Significant Investor Stream-

This visa lets you continue your investment activities in Australia permanently.

Eligibility- Must have held a complying investment for 4 years of AUD 5 million

4. Entrepreneur Stream-

These visa holders stay permanently who have a Business Innovation and Investment (Provisional) visa (subclass 188) in the Entrepreneur Stream.

Eligibility-  Should be entrepreneur stream for 4 years and residing in Australia for at least 2 years.

5. Premium Investor Stream-

With this visa, you can conduct investment activity in Australia permanently.

Eligibility- A complying investment of AUD15 million.

All Business Innovation and Investment visa costs AUD 2,590 for the main applicant and there are no standard processing times available for all streams. (Reference)

For legit businessmen who wanted to start a new business in Australia, or wanted to invest in Australia.

The Australian government provided many visas like 188 Visa that are specially made for Business Men. Genuine businessmen can take the benefits of all these Australian visas. The requirements for applying are very rigid. Appearing for visas can be tough although it tends to be done particularly if the business is set up and genuine.

Provisional 188 visa is a state-designated provisional visa that is valid only for 4 years. It is also a way for permanent residency, through the Business Innovation and Investment (Permanent) (subclass 888) visa.

Validity for 188 Visas

The validity of a short-stay visa is for up to 3Months only, which can not be extended. You are allowed to stay in Australia until the immigration department will give you the next date. Other visas are the way to permanent residency yet necessities should be met before PR visas are allowed.

There are other ways to get permanent residency, all you need to fulfil all the requirements before granting you the PR Visa. 

How this Visa works

Business Visa-188 (Provisional) can be given to those businessmen who want to set up a new business or wanted to invest in Australia. These visas can be a perfect way to get PR in Australia.

  • The Business Innovation stream for those businessmen who own a business and managing the existing business in Australia.
  • The Investor stream is beneficial for those people who are ready to make the investment of at least 1.5 million AUD in an Australian state or territory.
  • The Significant Investor stream is for those persons who will invest at least AUD 5 million into consenting interests in Australia after the original investment has matured.

Requirements:

  • Submit your application before applying for the visa 
  • You should have a strong business and investment history 
  • Proof of adequate business
  • You should be nominated by the state or territory government.

These are the 3 streams and their timeframe for Nomination:

  • 2 weeks for Business Innovation stream 
  • 1 week for Business Investor stream 
  • 1 week for Significant Investor stream

Investor Stream

These are the things that you have if you are applying:

  • Must be younger than 55 years of age.
  • Need to score at least 65 Innovation Points on the test.
  • Have a high level of management skill
  • Have at least 3 years of experience of direct involvement.
  • have total assets of at least AUD2.25 million for the 2 fiscal years immediately before you are invited to apply.

Business and Innovation Stream

  • Should be younger than 55 years of age,
  • Scored at least 65  Innovation Points on the test
  • have a total annual turnover of at least AUD500 000 in at least two of the 4 fiscal years immediately before you are invited to apply
  • Percentages of two main businesses:

You should own at least:

  1. 51% of business with a turnover of less than AUD400 000 per annum
  2. 30% of a business with a turnover of more than AUD400 000 per annum
  3. 10% of a publicly-listed company

Significant Investor Stream

If you are choosing a significant investor stream then prepared to invest at least AUD5 million for the following ‘complying investments’:

  • Commonwealth, state or territory government bonds
  • Need to manage funds that mandate for investing in Australian assets.
  • Manage the funds related to infrastructure projects in Australia, bonds issued by Australia state or territory government, trusts listed in any Australian Stock Exchange, real estate in Australia, Australian agribusiness or ASIC regulated fund & investments
  • Direct investment into private Australian organizations not listed on any ASX. You must obtain an ownership interest in the company. The company must:
    • Genuinely operated business in Australia
    • Company should be registered with ASIC
    • Company should have an Australian Business Number (ABN).