Victoria – Business Migration program reopens

Victorian government announcement – 19th February, 2019

After closing down their business migration program in January, Victoria have announced that they will reopen their business migration program as of Tuesday 19th February, 2019.

” Business Innovation & Investment Program Update

Your interest in Victoria’s Business Innovation and Investment Program is highly valued and we thank you for your patience while select visa nomination applications have been on pause.

We are pleased to advise that Victoria will begin issuing invitations and assessing nomination applications for affected business and investor visas subclasses from
18 February 2019.

Please note that an Expression of Interest (EOI) process will be introduced for the following visas:

  • 188 – Business Innovation Stream
  • 188 – Investor Stream
  • 188 – Entrepreneur Stream
  • 132 – Business Talent (Permanent) visa – Significant Business History stream
  • 132 – Business Talent (Permanent) visa – Venture Capital Entrepreneur stream

Applicants will now need to submit an EOI for the relevant visa subclass in the Department of Home Affairs’ SkillSelect and indicate their interest for Victorian nomination.

Applicants do not need to notify Victoria’s Skilled & Business Migration Program that they have submitted an EOI.

Please note that EOIs submitted before 18 February 2019 in the SkillSelect system will not be considered. You will need to resubmit to be considered for Victorian nomination.”

If you have lodged, or are considering lodging a business nomination application for Victoria please Contact Us to discuss this further.

 

Research Shows Immigrants Help Businesses Grow

… Immigrants contribute disproportionately to entrepreneurship ..

An interesting article on the impact of immigrants on businesses. Whilst it is a US article, from Harvard Business Review, it no doubt applies to Australia too.

What the key takeaway of the study?

” …. that immigrant-led companies grow at a faster rate and are more likely to survive long term than native-led companies are.” 

 

Please read the article and Contact Us if you want to discuss the Business Owner, Investor and Venture Capital visas available to migrate to Australia.

 

Open for Business – NSW business and investor visas reopened ….

The NSW Government have announced that they have reopened applications for business & investor nomination.

And detailed in our BLOG in December NSW had temporarily closed the program.

The full NSW announcement is below.

” Applications for NSW nomination for business and investor visas have reopened. 

NSW has reopened applications for nomination under the federal government’s Business Innovation and Investment Program. 

Applications for nominations for the following visas have been reopened:

  • Business Innovation and Investment (Provisional) visa (subclass 188) – Business Innovation stream
  • Business Innovation and Investment (Provisional) visa (subclass 188) – Investor stream
  • Business Innovation and Investment (Provisional) visa (subclass 188) – Significant Investor stream
  • Business Innovation and Investment (Provisional) visa (subclass 188) – Entrepreneur stream
  • Business Talent (Permanent) visa (subclass 132) – Significant Business History stream
  • Business Talent (Permanent) visa (subclass 132) – Venture Capital Entrepreneur stream

Entrepreneur applications for the following visas continue to be open and will be assessed:

  • Business Innovation and Investment (Provisional) visa (subclass 188) – Business Innovation Extension stream
  • Business Innovation and Investment (Provisional) visa (subclass 188) – Significant Investor Extension stream
  • Business Innovation and Investment (Permanent) visa (subclass 888) – Business Innovation stream
  • Business Innovation and Investment (Permanent) visa (subclass 888) – Investor stream
  • Business Innovation and Investment (Permanent) visa (subclass 888) – Significant Investor
  • State / Territory Sponsored Business Owner visa (subclass 892)
  • State / Territory Sponsored Investor visa (subclass 893) “

If you have any questions about the above please Contact Us.

Update – Western Australian business migration nomination

The WA Government have announced the below.

” Please note, applications for Western Australian State nomination for business and investor provisional visas are closed until further notice.

Western Australia has temporarily closed applications for State nomination for the Business Innovation and Investment provisional visas pending the release of additional places by the Department of Home Affairs. We value your interest in our program and encourage you to check this website regularly for updates. We hope to reopen the program shortly.”

If you have any questions about the above please Contact Us.

Update – Victorian business migration nomination

Victorian government announcement – January 7th, 2019

“Victoria has temporarily closed applications for nomination of certain business and investor visas.

Victoria is currently experiencing a high volume of applications for nomination for select business and investor visas. To help manage this demand, and meet our service commitments to you, we are temporarily not accepting new applications for the following visa sub-classes:

• 188 – Business Innovation stream
• 188 – Significant Investor stream
• 188 – Investor stream
• 188 – Entrepreneur stream
• 132 – Business Talent (Permanent) – Significant Business History stream
• 132 – Business Talent (Permanent) –  Venture Capital Entrepreneur stream

We will continue to assess all nomination applications received prior to 5 January 2019, however please be advised delays may occur in providing outcomes for these applications.

Your interest in the Business Innovation & Investment Program is highly valued and we hope to reopen the program shortly. We cannot provide a specific date or timeframe at this point, however encourage you to visit the Live in Melbourne website regularly for program updates.”

If you have any questions regarding Victorian business migration, either now or in the future, please Contact Us.

QLD Business migration update – 2nd January 2019

Business & Skilled Migration Queensland (BSMQ) temporarily suspends new invitations for business migration – will open again at a date to be advised https://t.co/nLPMWTsS2n— Australian visas (@CargilMigration) January 2, 2019

Brisbane

If you want to discuss how this will effect you, or plan for an application once the program opens again please Contact Us

Part 2: Australian innovation and visas – a new visa pathway for start ups

Further Disrupt(ion)

There is an interesting follow up to my post last week stating that Australia needs a new business visa pathway for start ups.

The business detailed in my post, Disrupt, has now already been offered homes in a number of countries. Reportedly the UK, US and China. Whilst Disrupt will no doubt use these offers as currency – in either trying to obtain the best conditions for a move, or to potentially pull off an (unlikely) reprise for their deported COO – the lessons need to be heard.

Start ups

Australia & Entrepreneurs – Head down or head up?

Australia can’t afford to put their head down and avoid the message. Countries are willing to fight for the best young, innovative business talent out there.

Whilst Australia is full of talented people – it doesn’t have all the skills it needs within it’s population to deliver the change the business environment needs – neither can it afford to lose entrepreneurial talent such as those in Disrupt.

Significant Investor Visa (SIV) statistics – an increase in interest

The Department of Immigration & Border Patrol (DIBP) have recently released some updated statistics about the Significant Investor visa (SIV) programme for the programme year 1 July, 2015 to January 31, 2016.

The SIV programme is a pathway to provide for significant migrant investment into Australia under the Business Innovation and Investment visa programme.

Business Innovation & Investment programme statistics

Business Innovation & Investment programme statistics

As of 31 January 2016:

· 1228 SIV visas have been granted from the commencement of the programme on 24 November 2012.

· AUD 6.140 billion has been invested in Complying Investments.

The statistics indicate there has been an increase in SIV applications lodged in recent months. Looking forward interest is expected to grow globally, including applicants from the UK and Europe.

If you would like some assistance, have a general query or would like an introduction to advisers that can assist with planning, preparing and lodging a SIV then please get in touch with us.

Part 1: Australian innovation and visas – a new visa pathway is needed for overseas start ups

Digital Disrupt(ion) and visas

An interesting story appeared today in the Australian press.

The details are in this press article, however the story focuses on Chris Bailey, who along with an Australian business partner set up a successful and fast growing start up buisness called Disrupt in Sydney. This was before he was deported from Australia for lying about completing his mandatory three month fruit picking stint in order to extend his working holiday visa.

It, again, reinforces the problem that Australia has with innovation and visas. In particular how does the Australian visa program support innovation and start ups. In an increasingly competitive international, innovative and digital world, it forces us to consider:

  • What can help Australia drive young entrepreneurial international talent to the country?
  • Why doesn’t the current visa system support the people we need to accomplish this – be it through skilled visas, employer sponsored visas or the business innovation and investment programs?

business innovation & investment

business innovation & investment

Compliance v vision

Whilst most people are of the view that visa compliance is important to the integrity of the visa system, there comes a time when common sense and vision must prevail. There needs to be a solution for someone willing to put their hand in their pocket – figuratively and/or literally – with what appears to be a track record of starting and managing small innovative businesses.

At present there is no such option available to individuals with this talent. They need to either meet relatively stringent criteria in the business innovation and investment program, usually beyond the means of innovative young business people, or they are lost to Australia before they get there. Alternately they need to be sponsored by a business and be paid a market rate salary for the position that is held. A not insignificant cost for any business, let alone one at the start of their journey.

A new visa pathway is needed

So what’s the solution? At this point in time it is difficult to outline a complete visa solution. However a temporary residency visa that encourages people with a combination of the below could be considered.

  • proven entrepreneurial skills or start up activity (as manager or director)
  • college or university training in a technology/digital/computer science/design/engineering course
  • proficient english language skills
  • evidence of sufficient assets or nomination by an Australian resident/citizen business owner/director or support from a federal or state/territory authority
  • adequate health cover

As a follow up to this visa there should be a clear pathway to permanent residency, or a visa extension if the start up is tracking well. This should not be done at the expense of those business people and investors who meet the current criteria, however it should be incorporated into the overall program.

Unfortunatley it would not help Chris, but it could provide a catalyst for the next Chris to find a way to get to Australia and either stay, or leave a legacy for locals to continue with.

Disrupt have also commented on it as well via Linkedin.

What our clients say about us …..

We love receiving feedback about our Australian immigration services. Below is a selection of some of these.

Testimonial
Mark, Skilled Migration, Cambridge

I just wanted to mention we used Mark and he was fantastic. He guided us through the processes very efficiently, via email and phone and reassured us every step of the way. We started on 26th December and we delayed it on purpose for a few months during spring as we thought we may need to give ourselves more time, he happily helped us with when to delay, then when things changed and we wanted to get everything done ASAP he immediately helped us get everything in immediately.

If anyone is looking for an agent, do get in touch with him. I was very happy with his service.

Jaclyn, Skilled Migration, Edinburgh

I would like to have the opportunity to say how impressed I am with the service you have provided. As I said, I have no doubt that the whole process ran smoothly and that my application was able to progress as efficiently as it did because of all the work that you put into it.

I would also like to thank you for your ongoing, very prompt communication which led to me feeling really well informed of what was happening and what would happen next, as well as being provided with very clear guidance and support from you. I found that it reduced a level of stress from the whole process, for which I am especially thankful and I know Justin would also pass on his thanks – as it also helped him to know that I wasn’t struggling through it all on my own.

I am sure that I will end up contacting you again in the future and I would not hesitate to recommend your company – I found your professionalism and genuine helpfulness a great assistance throughout it all. It is definitely an exciting new chapter!

Paul, Skilled Migration, Glasgow

Mark was invaluable during my successful visa application. He provided clear guidance throughout the process, which I’m sure would have taken me much longer on my own.

Sean, Partner Migration, Brisbane

When faced with the challenge of my British partner and unborn child having to leave Australia, and uncertainty over visa eligibility Mark came to the rescue, explaining, simplifying and guiding us through each step, making a daunting process stressless. Mark made sure our application had the best chance possible and our visa was approved without any delays. We couldn’t have hoped for a better outcome and would not hesitate to recommend Mark, for any immigration services. Thank-you Mark for helping keep our family together.

Barry, Business Migration, Edinburgh & Melbourne

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Professor John Shields, The University of Sydney Business School

“Re: Appreciation for your support for the Business School’s educational mission…International Dimensions of Human Resource Management”

University of Sydney acknowledgement letter

To discuss how we can assist you, please Contact Us.