Business and Skilled Migration Queensland has announced new criteria for the Business, Innovation and Investment Program.
These changes are coming into into effect from Monday the 25th of July, 2016, and must be met to secure sponsorship of a visa application by the Qld Government.
Under visa subclasses 132 and 188 sponsorship from a State or Territory Government is required to progress a visa application for migration to Australia.
The headline changes include:
Subclass 132, Business Talent
Net business and personal assets of A$1.5 million, to be transferred to Queensland within 2 years after the visa is granted including:
- Minimum A$1million investment in a business, and
- Minimum A$$500,000 settlement costs
The applicant must reside in Queensland.
Subclass 188, Business Innovation and Investment
Business Innovation Stream (for business owners)
- Net Business and Personal Assets of A$800,000, to be transferred to Queensland within 2 years after visa is granted including minimum A$200,000 investment in a business.
- Visa holder must reside in Queensland
Investor stream (for successful investors)
- Existing criteria remains the same
- Visa holder must reside in Queensland
Significant Investor Stream (SIV)
- The current Austrade Complying Investment Framework applies
- Visa holder has a commitment to Queensland
Please complete the enquiry form on this page if you are a business owner or investor who would like to migrate to Australia – we will be delighted to have a free initial conversation with you.
