The National Innovation visa – A new immigration program

The new National Innovation visa to be launched in late 2024 

The Australian government confirmed in the May 2024 budget that a new National Innovation visa will be launched in late 2024.

The launch date and criteria hasn’t been confirmed.

The National Innovation Visa

National Innovation visa – coming in 2024

Visa to replace the BIIP & Global Talent visa programs

The National Innovation visa will replace the Business Innovation and Investor Provisional (Subclass 188) visa program. As well as the Global Talent (Subclass 858) visa.

The BIIP program will now be officially  closed. Although it has been effectively closed since 1st July 2023, when the states/territories weren’t allocated any 188 visa places.

This follows the closure of the permanent residency Subclass 132 Business Talent (Permanent) visa on 1st July, 2021.

Who is the National Innovation visa for?  

It is expected

What type of visa? 

Unlike the BIIP program, the National Innovation visa is likely to be a permanent residency visa.  It will however, like the Subclass 132 visa,  be monitored to ensure applicants comply with their intentions.

Under the BIIP applicants were initially granted temporary residency,  with a pathway to apply for permanent residency after at least 4 years of business/investment activity.

Why is the visa being introduced? 

The government in recent years has undertaken a review of the Migration Strategy.

The findings of the review included, that the BIIP temporary residency visa holders, especially the Business Innovation Stream,  weren’t providing the economic benefit they should and could have.

Alternately, there is a recognition that applicants who have held, or hold, the Subclass  the Significant Investor Stream do provide economic benefit. A significant investment is an in investment of at least AUD $5m into complying investments.

Are you interested?

It is expected that the visa will be in high demand. Applicants will need to be ready to submit their interest, potentially seek state/territory nomination and then submit an application as soon as they can.

While we all wait for the details of the National Innovation visa to be released, potential applicants can register their interest.

We will discuss your credentials as a entrepreneur, major investor or research history. We will make introductions to professional service providers that can assist in preparing for the application.

Got any questions?

If you want to know more about the visas, and whether you are eligible please Contact Us

Australia’s plan to reopen borders will boost migration market …. Uglobal Immigration magazine

Uglobal Immigration magazine

It’s always great to be able to contribute to leading industry magazines & forums.

We were recently asked to provide comment on Australia re-opening their borders to all visa holders. Our responses were recently published in an ARTICLE on the Uglobal Immigration website.

Australian migration agent Mark Welch, founder of Cargil Migration, welcomed the Australian government’s decision to reopen the borders that has been shut to nonresidents since March 2020.

“The reopening will certainly assist investor and business migrants, as well as advisers like myself,” he said.

Welch said he was already seeing an increase in queries from people looking for their investment immigration options in Australia since the announcement was made.

“I have received new queries, and had old queries that have been re-visited in the past 24 to 36 hours,” he said, adding: “The strengthening of certain currencies against the AUD (Australian dollar) has also assisted.”

If you would like to discuss  Australian business and investor visas, please Contact Us

  • Office: +44  (0)800772 0570
  • Mobile: + 44  (0)7710 649194
  • Email:  mark@cargilmigration.com

Uglobal – We would like to thank Mark Welch for his contribution ..

We would like to thank Mark Welch for his contributions to the article “Why cryptocurrency is not widely used in the RCBI world, yet”

If you would like to discuss cryptocurrency and/or  Australian investor visas please Contact Us

  • Office: +44  (0)800772 0570
  • Mobile: + 44  (0)7710 649194
  • Email:  mark@cargilmigration.com

 

Cryptocurrency in the investor & business visas world … Uglobal Immigration magazine

Uglobal Immigration magazine 

Recently we shared some comments we made to Uglobal Immigration magazine about visa options for same sex partners.

We have again been asked to provide comments. This time with regards to cryptocurrency in investor visas. Our response was recently published in an article on the Uglobal Immigration website.

Mark Welch, who is the founder of Australian law firm Cargil Migration, said that based on his recent conversations with the Australian Department of Home Affairs (DHA) officials, he can confirm that digital currencies are excluded as a source of funds or assets, and therefore, could not be used for investment immigration.

“The DHA is unable to track digital currencies and, therefore, verify that the funds are lawful. Any funds which cannot be confirmed as lawful, can’t be considered in the Business Innovation and Investment visas,” Welch said.

If you would like to discuss cryptocurrency and what assets are eligible for Australian investor or business visas please Contact Us

  • Office: +44  (0)800772 0570
  • Mobile: + 44  (0)7710 649194
  • Email:  mark@cargilmigration.com

 

Global visa options for same-sex couples … Uglobal Immigration magazine

Uglobal Immigration magazine

It’s always great to be able to contribute to leading industry magazines & forums.

We were recently asked to provide comment on Australia’s recognition of same sex partners for investor visas. Our response was recently published in an ARTICLE on the Uglobal Immigration website.

Mark Welch, another Registered Migration Agent from Australia who founded the law firm Cargil Migration, added that same-sex applicants have to provide “evidence that the relationship is mutually exclusive, and is genuine and continuing. Evidence can include financial aspects, nature of the household, social aspects of the relationship and the nature of your commitment.”

If you would like to discuss the recognition of your same-sex relationship for Australian visas, investor or otherwise, please Contact Us

  • Office: +44  (0)800772 0570
  • Mobile: + 44  (0)7710 649194
  • Email:  mark@cargilmigration.com

July 2021 – Changes to business & investment migration program

Update – Australia business and investor visas

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