If you wish to immigrate to Australia as a Self-Employed Professional, you must have a strong plan of business and adequate funds. As an overseas self-employed professional seeking to apply for Australia PR Visa, you have several Subclass Visa options.
A few Self-employment options with stable growth in Australia are:
- Software Developer
- Childcare Worker
- Social Media Manager
- Beauty Therapist or Makeup Artist
- Graphic Designer
- Customer Service Assistant
- Data Entry Jobs
- Virtual Assistant
- Online Tutor
- Online Sales Representative
- Freelance Content Writer
- Bookkeeper
- Transcriptionist
- Translator
- Dog Groomer
Benefits of Self-Employment in Australia
Australia Immigration as a self-employed person offers several benefits such as grants from the Government of Australia. Further, you can claim a tax deduction of a maximum of AUD 25,000 annually for any extra super contributions made by you.
If your business is expanding, the Government of Australia also offers contributions to middle and low-income earners for assistance with savings for their retirement. If you earn AUD 52,700 annually before taxes, the Australian Government offers 50 cents for each Dollar that you add to your super contributions. This is up to a maximum of AUD 500.
A reduced rate of taxation is applicable to self-employed entrepreneurs having Medium to small-scale businesses with a turnover of less than 50 Million AUD.
Further, the Government of Australia has enhanced the immediate asset write-off threshold to AUD 30,000 till June 2020. The objective was to assist self-employed entrepreneurs having qualified small businesses to write instantly numerous assets.
Australian Business Number
You will need the ABN – Australian Business Number to start a business in Australia. It is an 11-digit numerical that maps your business to the Government of Australia for purposes of taxation. The ABN is offered free of cost and applications can be submitted online.
Your company/firm/business in Australia is liable for taxation even if you are not regarded as a tax resident individually.
Australia Visa Pathways
Here are some top Australia Visa Pathways for self-employed individuals:
Subclass 482 Temporary Skill Shortage Visa
The Employer Sponsored Subclass 482 Visa is a Temporary Visa which is also popular as the TSS Visa. It authorizes the Visa holder to stay and work in Australia for a maximum of 24 to 58 months. This depends on the stream chosen for your Visa application.
The application for renewal of a Temporary Skill Shortage Visa can also be filed onshore for extending your stay in Australia.
The 3 sub-categories under the Subclass 482 TSS Visa are as follows:
Short-term Category – You can apply for this stream if your occupation nominated is included on the STSOL – Short-term Skilled Occupation List
Medium-term Category – You can apply for this stream if your occupation nominated is included on the MLTSSL – Medium and Long-term Strategic Skills List
Labor Agreement Category – You can apply for this stream if your employer sponsoring the TSS Visa has entered into an agreement with the Australian Government
Subclass 494 Provisional Employer Sponsored Skilled Regional Visa
You have to fulfill the following requirements for the Subclass 494 Visa:
- Be aged less than the age of 45 years except if you are exempted
- Possess assessment of skills for the skilled occupation on the suitable SOL – Skilled Occupation List except if you are exempted
- Possess work experience of at least 3 years in the nominated occupation at the skill level necessary for the occupation and on a full-time basis
- Possess proficiency in English at least at the Competent Level
National Innovation Visa
The Government of Australia will begin to accept applications for the new National Innovation Visa by the end of 2024. This new Australia Visa is a suitable option for self-employed individuals.
The new Australia National Innovation Visa is for people who seek to manage and own an enterprise, conduct investment or business activity, or take up entrepreneurial activity in Australia.
The Government of Australia is seeking consolidation of the Global Talent Visa and Business Innovation and Investment Programs by defining targeted criteria that will offer stronger economic results for the nation.
The new NIV Program will draw on the comparative strength of the BIIP’s Significant Investor Stream. This is by increased selection of immigrants who can propel innovative investments in sectors of national significance or play a crucial role in the venture capital sector.
The National Innovation Visa Program will also consist of a pathway for individuals who are highly skilled and have cutting-edge skills in target sectors. It will enable them to share their skills, offer connections to global markets, and propel innovation and the creation of jobs.
If you are a self-employed professional seeking to immigrate to Australia or a skilled professional seeking to know your points score on the Australia Points Calculator, contact Nationwide Visas.
