The DHA have announced changes to their business and investment migration program.
Details about the current business and investment visa options can be found here .
If you would to discuss your options please Contact Us.
In early October the Australian government announced their federal budget for the 2020-2021 financial year.
On the back of the budget the DHA (Department of Home Affairs) outlined details for their permanent migration program. The below is an overview of these changes.
Migration program focus
The government announced, due to the COVID pandemic, that the focus of the migration program for 2020-2021 is “on supporting our economic recovery, growing Australian businesses and creating jobs for Australians”.
Migration program numbers
The DHA confirmed the permanent migration program numbers will remain at a cap of 160,000. This includes:
The government anticipate that two thirds of the visas will be allocated to people in Australia.
The remaining visas will then likely be split between the skill stream (two thirds) and the family Stream (one third).
Migration program – Skilled visas
A key target of the skilled visa program will be innovators, investors and job creators. They will be encouraged to apply through the Global Talent, Business Innovation and Investment Program (BIIP) and Employer Sponsored Visas.
A particular focus will be the Global Talent Independent (GTI) Visa. The program for the new financial year will triple from 5,000 to 15,000 places. The target of this visa will be individuals in industries such as:
The DHA have confirmed that they will double the number of places available for business investors to 13,500 places. The BIIP program will be streamlined and there will be changes to investment and residency requirements, ensuring the program is targeted at Australian venture capitals and emerging small and medium size businesses to support the economic recovery.
As of publishing this update, we are still awaiting on further details of the changes to be announced.
Individuals and their family members can still look to submit an EOI for the GSM program. This includes the Skilled Independent visa (Subclass 189) and the two State/territory nominated (Subclass 190 & 491) visas .
At present the DHA have announced that the focus on the Subclass 189 invitations will be on those occupations listed on the Priority Migration Skilled Occupation List (PMSOL).
It is expected that the required points are likely to remain high. However the 11th October invitation details are yet be released.
The opportunity to be nominated for either of the state/territory nominated GSM visas will remain. At the time of writing, the majority of the states/territories have programs in place to allocate nominations to eligible onshore applicants.
For offshore applicants, we are still waiting on the states to confirm their program. These are likely to be released in the weeks and months leading up to Christmas. For example:
Migration Program – Family stream
The majority of visas within the Family stream will go to partners, with almost double the places (72.300) compared to the previous financial year. The aim to give more certainty to those wanting to settle in Australia with their partners and plan for their futures.
Humanitarian Program
The DHA have confirmed their commitment to a Humanitarian Program. A cap of 13,750 places, similar to last year. In numbers, Australia remains the third most generous humanitarian resettlement country in the world.
If you want to discuss how you are effected, your current visa application or your visa options going forward please Contact Us.
UPDATE: Business & Investor visa visa program – July 2020
As with the General Skilled Migration (GSM) program the business and investor program is currently being reviewed by the DHA. It is expected that it will re-open in the coming weeks & months.
At the stage it there have been no changes announced to the visas themselves, just when the program will reopen. If you are interested in knowing what your business or investor visa options are please get in touch.
We can still provide visa options, discuss your plans, confirm what is required by applicants, introduce you to our partners, (eg. VC ensure Capital providers) and look to prepare submissions upon re-opening of the visa program.
An overview of the states/territories nomination status as of now is below:
ACT – The ACT nomination program is currently suspended. Any submitted applications will not be processed until further notice.
NEW SOUTH WALES – NSW is currently closed to applications for nomination under the Business Innovation and Investment Program (BIIP). NSW will open to new nominations once the DHA provides NSW with an allocation of positions for 2020-21
NORTHERN TERRITORY – At this stage all Business Investment and Innovation Program nomination applications will continue to be accepted and assessed, but no nominations can be issued until the Northern Territory has been allocated quotas.
QUEENSLAND – The business migration program will remain closed until further notice. Please note: BSMQ are not accepting any Expressions of Interests and look forward to opening the business program as soon as is possible.
TASMANIA – The Tasmanian Business Nomination Program is currently being reviewed. Tasmania have confirmed with us that they hope to have this review completed and new requirements published by the end of August 2020.
SOUTH AUSTRALIA
Business Migration programs are scheduled to re-open from early August. This will be dependent on the Commonwealth Government’s allocation of state nomination places for program year 2020-21.
VICTORIA
The Victorian Government’s state nomination program will remain temporarily closed while we await the Commonwealth Government’s allocation of state nomination places for 2020-21.
WESTERN AUSTRALIA – All State nomination places from the Department of Home Affairs (DHA) for Western Australia have now been allocated. They are not accepting any new applications for subclasses 188 or 132 until further notice.
If you want to discuss how you are effected, your current visa application or your visa options going forward please Contact Us.
Are you a business owner, high net wealth individual or looking for Australian Venture capital ? Are you considering a move to Australia? Or just looking for Australian VC?
If you are then assess yourself – using the guide below – and let us know if you consider you may be eligible!
Australia – business owners, investment & VC visas
If you want to discuss how both Cargil Migration and our partners can assist you then please Contact Us.
Business skills
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:
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.
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:
Entrepreneur applications for the following visas continue to be open and will be assessed:
If you have any questions about the above please Contact Us.
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.