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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.