Wise Business Account Requirements - Opening an account in Australia
Learn more about the requirements to open a Wise Business account in Australia. Discover what documents you need and how to set up your own account online.
If you’re planning to do business in India, you’ll need to get your hands on a Business Visa. This is your ticket to legally enter the country and crucially, carry out business activities without having to join India’s labour market. You can attend conferences and meetings, close deals, set up supply chains… the sky’s the limit.
Each country has its own rules for getting a Business Visa. Here, we’ll cover everything you need to know about Business Visas in India, from eligibility and the application process to how much it costs.
And if you’re planning to work in India for any length of time, you’ll need a cost-effective, reliable way to manage international money transfers. Enter Wise. Get a free borderless account and you’ll get the real exchange rate on all business payments, saving you a packet compared to using your bank. ¹
But more on that later. Let’s get you an Indian Business Visa.
India is like many other countries in that it has multiple visa types, each designed for a different purpose. For example, there are tourist visas, medical visas and so on.
For business visitors to India from Australia, you have two main options – a Business Visa, or an e-Business Visa.
A Business Visa for India will allow you to stay in the country and conduct business activities for up to 180 days. ² You’ll need to apply by post or in person by making an appointment at your local VFS Global office. VFS Global is a company that provides consular services to countries such as India, including handling Business Visa applications. ³
An e-Business Visa is similar, with the key difference that the application process can be done entirely online. This is a double-entry visa which lasts for a year, with a maximum stay per trip of 180 days⁴. You must also arrive through one of 28 designated airports or 5 seaports, leaving through any authorised Immigration Check Post (ICPS). ⁵
An important point to remember with e-Business Visas is to check carefully who you apply with. Some unofficial websites offer the service at an inflated price, and not all are authentic. ⁶ Always go through the official route, through the Indian Government Bureau of Immigration website or VFS Global.
Business travellers from around 150 countries⁷ are eligible to apply for a e-Business Visa in India. Australian citizens are eligible for both Business Visa and the e-Business Visa.
Just like in other countries, you’ll need to jump through a few hoops in order to prove your eligibility for your India Business Visa. This means providing relevant documentation, proof of ID, a photograph and other key steps.
First of all, check that you meet the following requirements⁸:
Now, what documentation will you need to provide? Here’s what you’ll need, at-a-glance:
Visa type | Document |
---|---|
Business Visa⁹ |
|
E-Business Visa¹⁰ |
|
Planning your business trip to India? Make sure you get your Visa sorted well in advance. Many applications take just days to process, but it could take longer and you wouldn’t want your trip to be delayed.
Here are the essential steps you’ll need to follow to apply for an Indian Business Visa from Australia.
For a Business Visa:
For a Business e-Visa¹³:
The cost of a Business Visa for India depends on a few factors – how long you want the visa for (it’s possible to apply for a 5-year Business Visa) and which Australian state you’re applying from. Fees also may vary depending on whether or not you have an Australian passport and whether you apply in person or by post.
But as an example, a business traveller from Sydney with an Australian passport who has lived in Australia for 2 years or more can expect to pay around 436.49 AUD¹⁴ for a 1-year Business Visa for India. This includes multiple entries and the Visa delivered by courier. There’s also a 1.20% surcharge for credit card payments¹⁵. If you need your Visa urgently, you can expect to pay extra for rush processing.
The fee for an e-Business Visa can be much cheaper. It costs just $80 USD¹⁶ (around $124 AUD¹⁷) for Australian citizens, plus a possible bank charge of 2.5% on applicable visa fees.
A valid Business Visa isn’t the only must-have for an upcoming international business trip. It’s also important to consider how you’ll manage your money.
Get a free Wise Business account and you can send and receive money in multiple currencies with the real exchange rate. You’ll even get a free Wise Business Mastercard® so you can cover business expenses in Indian rupees like a local.
You can pay invoices, run payroll, buy inventory and lots more. Whatever you need to keep your trip, and your business back at home, running smoothly.
Using the info in this guide, and by digging out your documents ready in advance, getting your Business Visa for India should be a breeze. But remember - apply early, just in case!
Sources used:
Sources checked on 14-May 2020.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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