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Qld Government Updates Business Visa Sponsorship Requirements

Business and Skilled Migration Queensland has announced that new criteria for the Business, Innovation and Investment Program.

These changes are coming into into effect from Monday the 25th of July, 2016.

The headline changes include:

Subclass 132, Business Talent

Net business and personal assets of A$1.5 million, to be transferred to Queensland within 2 years after the visa is granted including:

  • minimum A$1million investment in a business, and
  • minimum A$$500,000 settlement costs

The applicant must reside in Queensland.

Subclass 188, Business Innovation and Investment

Innovation Stream

  • Net Business and Personal Assets of A$800,000, to be transferred to Queensland within 2 years after visa is granted including minimum A$200,000 investment in a business.
  • Visa holder must reside in Queensland

Investor stream

  • Existing criteria remains the same
  • Visa holder must reside in Queensland

Significant Investor Stream (SIV)

  • The current Austrade Complying Investment Framework applies
  • Visa holder has a commitment to Queensland

Please complete the enquiry form on this page if you are a business owner or investor who would like to migrate to Australia – we will be delighted to have a free initial conversation with you.