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.

Welcome to our Blog – Australian immigration news & views

Hi all,

Thank you for stopping by our Blog. We try to provide our news & views on Australian immigration as often as we can.

If you want to search through what we have published in the past please look at the Categories and click on a subject that is of interest to you.

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Australian immigration

If you can’t find what you are looking for, please Contact Us.

A phone call is preferred – 0800 572 0570 . However you can email mark@cargilmigration.com or send us a Tweet as well.

Happy Reading!

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.

Northern Territory announce new Designated Area Migration Agreement

More occupations available for overseas workers

On Wednesday 2nd January, 2019 the Designated Area Migration Agreement (DAMA II), came into effect in the Northern Territory on January 1. The program is targeted at recruiting skilled migrants to the territory, and increases the number of occupations available to overseas workers.

More details to come shortly …

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

Changes 1st July, 2018 – higher points required for GSM visas

Higher points required – GSM points test to increase by 5 points 

As usual at this time of the year, there have been some changes announced to the GSM visa programme by the Department of Home Affairs (DHA). 

From 1 July 2018, applicants will need to score 65 points to eligible to be considered for a GSM visa. This is an increase of 5 points. The effected GSM visa subclasses are:

  • Skilled-Independent (Permanent) Subclass 189;
  • Skilled-Nominated (Permanent) (Subclass 190; and
  • Skilled-Regional Sponsored (Provisional) Subclass 489

The increase is in response to the high demand for GSM visas. It also reflects the high scores that current applicants in the Skill Select Expression of Interest (EOI) pool are claiming. 

For applicants who are invited to apply for a GSM visa prior to 1st July 2018, they won’t be effected by the increase in points. These invited individuals can continue to prepare and submit their application. As is stands currently, any invited applicants will need to ensure that they lodge their applications within the required 60 days. 

If you could like to discuss how this will effect you please Contact Us.

Assurance of Support (AoS) changes reversed

AoS income test to revert back to pre-April 2018 requirements

As indicated in our most recent blog post the Assurance of Support changes that came into in April have been reversed.

Individuals acting as Assurers of Support will need to meet the income test as it was prior to the April changes. This will be a great relief to all applicants

Parent visas: Sponsorship rules reset as government completes backflip

If you have any queries please Contact Us.

Significant changes to Parent visas changes announced

Substantial increases to the AoS bond & income requirements 

The Department of Home Affairs (DHA) have announced some major changes to the Assurance of Support (AoS) requirements. These changes are significant and will greatly effect parent visa applicants. This includes those who have not yet lodged this visa, or have, but have not had their AoS requested prior to 1st April, 2018. 

The primary changes are: 

Assurance of Support (AoS) bond

From the 1st April, 2019 the ten year bond requirement will increase for both the main applicant and any additional applicants. The respective increases are: 

  • Main applicant – the bond will be increased from $10,000 AUD to $15,000 AUD. 
  • Additional applicant/s – the bond will be increased from $4,000 AUD to $6,000 AUD. 

Assurer/s – income requirements doubled

The AoS can be provided by from 1 to 3 Assurers. To act as an Assurer the individual must meet an income test. The income test requirements to be met will vary depending on the number of applicants (assurees) to be assured and the number of family members in the assurers family. 

The income test was changed retrospectively to take effect as at 1st April, 2018. These new income test requirements have in some cases doubled. When the AoS is requested, before the bond is made, the assurer/s must be able to show they meet the new income requirements for both the current financial year and the previous two financial years.

What will be the effect of these changes?

The changes, particularly the income requirements, are quite significant. Some individuals, including those who have lodged their visas already, may find it difficult to find assurers who meet these new requirements. This could mean an unsuccessful visa application.   

If you want to understand how these changes will effect you, and what you can do to minimise the risk of an unsuccessful visa, please get in touch.