Qld Government Updates Business Visa Sponsorship Requirements

Uncategorized

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.

NSW relaxes criteria for business skills visa sponsorship under subclass 188

Visa Subclass 188A, , , , , , ,

The NSW Department of Industry has removed the “excluded industry sectors” criteria from its business visa nomination requirements.

The “excluded industry sector” criteria restricted the type of businesses that business migrants could set up in Sydney.

According to the NSW Government: “By removing the criteria and making this change, we aim to attract more business migrants who provide goods and services to all areas of NSW.

The business migration program plays an important role in making NSW a globally attractive location to live, learn, work, invest and to produce goods and services. The new and improved criteria will support the aim of the NSW migration program to create jobs, boost productivity and strengthen the economy.”

The sectors previously excluded were:

Cafes & Restaurants; Takeaway Food Services; Supermarket & Grocery Retail Stores; Fruit & Vegetable Retailing; Specialised Food Retailing; Newspaper & Book Retailing; Clothing Retailing; Footwear Retailing; Other Personal Accessory Retailing; Houseware Retailing; Manchester & Other Textile Goods Retailing; Other Electrical & Electronic Goods Retailing.

If you are business owner who is interested in moving to New South Wales we invite you to complete the enquiry form on this page. We will be delighted to have an initial discussion with you on a no obligation basis about your plans and how we might help.