Updates on Business Innovation Visas and Investment Visas

State and Territory Nomination Rounds Published

Home Affairs published the first round of State and Territory Nominations issued for 2018/19 Immigration Program Year.  For the month of August, a total of 886 subclass 190 nominations invitations were issued.

The following number of invitations were issued per State/Territory:

  • Victoria – 292
  • NSW – 173
  • QLD – 109
  • TAS 132
  • SA – 78
  • ACT – 66
  • WA –
  • Business Innovation and Business Talent Invitation Rounds Published

Business Innovation Subclass 188 (State by state breakdown)

  • ACT – 0
  • NSW – 100
  • NT – 0
  • QLD – 112
  • SA – 32
  • TAS – 3
  • VIC – 438
  • WA – 38

Business Talent Subclass 132 (State by state breakdown)

  • ACT – 0
  • NSW – 13
  • NT – 0
  • QLD – 60
  • SA – 116
  • TAS – 1
  • VIC – 11
  • WA – 26

A total of 331 Subclass 188 invitations were issued in August 2018 and 156 Invitations issued for Subclass 132 visa the same period.  This represents almost 40% of the entire intake for both subclasses for 2017/18 Migration year.

All intending migrants who are interested in applying for a provisional Significant Investor visa must submit an Expression of Interest through Skill Select and be nominated by a State or Territory government or Austrade in order to receive an invitation to lodge a visa application.  In addition to the applicant will need to complete Form 1413D in relation to complying significant and premium investments.

For Significant Investor stream applicants, the Complying Significant Investment must include:

  • a total of at least AUD500,000 in one or more venture capital funds; and
  • a total of at least AUD1,500,000 in emerging companies investments.

Any remaining portion of the investment may be invested in one or more balancing investments and/or either of the above. The complying significant investment allows for investments to be made via a fund of fund structure. Declarations are to be made by the declaring fund manager for the fund which has overarching control of the investment.

For further information on state and territory nominations visit:

https://www.homeaffairs.gov.au/trav/work/skil#tab-content-2

So if you or anyone you know is thinking of applying for an Australian Business Visa or an Investment visa TRUST ONLY a Master Migration Lawyer and make an appointment with

AR LAW Services: Master Migration Lawyer.

Book a Consultation

Call 03 9614 0218 or email info@arlaw.com.au to make an initial 30 Minute consultation at our Melbourne office. (conditions apply)

For more go to   www.arlaw.com.au

Note: this update, or any previous updates on this page, do not constitute legal advice and should not be relied upon as such. Please call our office to seek professional advice before acting or relying on any of the content on this page