DIBP set to introduce a new visa to attract innovative entrepreneurs
February 26, 2016

In December 2015, the federal government has announced a new entrepreneur visa in a bid to lure innovative talent and changes will be made to retain high achieving foreign students in Australia.

In an attempt to retain talent, the government will make it easier for foreign postgraduate students – with specialised doctorate-level and masters research qualifications in science, technology, maths or specified ICT subjects – to be given permanent residency. The reforms will be introduced in the second half of 2016.

Under the National Innovation and Science Agenda (NISA), a new entrepreneur visa will be established for entrepreneurs with innovative ideas and financial backing from a third party. This visa will be :-

  1. A provisional visa for individuals who have obtained capital backing from a third party to develop entrepreneurial ideas in Australia
  2. Established as a new stream within the existing Business Innovation and Investment (Provisional) visa (subclass 188) and the Business Innovation and Investment (Permanent) visa (subclass 888)
  3. Introduced in November 2016

It is critical for Australia’s prosperity and growth in not just tapping into the best entrepreneurial minds in Australia but also make it easier for talent from overseas to contribute to this country’s innovative future.
Prime Minister Malcolm Turnbull said the country needs an ‘ideas boom’ as two decades of economic growth based on a mining boom cannot go on forever.

AIMS is dedicated to provide excellent professional service for people who have the intention to migrate to Australia – be it temporarily or permanently! Whether you are seeking to study or work in Australia, we can advise you on your visa options and assist you in securing the right visa. Give us a call on 03 9078 6819 or email us at support@thinkvisa.com.au. Alternatively, visit www.thinkvisa.com.au for more information about us.

0 Comments

Think Visa
Corporate Events

Australia General Skilled Migration Webinar 2020

THINK VISA'S AUSTRALIA GENERAL SKILLED MIGRATION WEBINARDon't miss out on the work and living opportunities in Australia. But first, understand everything you need through our FREE webinar!Have you been looking for a change in work and living environments?...

Australia Partner Visa Webinar 2020

AUSTRALIA PARTNER MIGRATION WEBINAR Your Happily Ever After Should Not Be Difficult We value your personal goals and consider them as our own. In this webinar, you will learn all about getting a Partner Visa in the quickest and best possible way especially with the...

AIMS heads up to China in September 2015

AIMS is excited and proud to announce that it will be making its way to Shanghai, China in September this year for the 2015 Shanghai Overseas Property, Immigration , Investment Fair. There has been an increase in the number of elites and millionaires from all walks of...

Season’s Greetings

Season’s Greetings Dear valued clients, 2014 has been an outstanding year for Alliance International Migration Services. The holiday season is a wonderful time for us to remember the friends and customers who help our business and make our jobs a pleasure all year...

You May Also Like…

Subclass 188E – Entrepreneur Stream

Subclass 188E – Entrepreneur Stream

About Subclass 188 E   The Subclass 188E is for those who have plans to carry out an entrepreneur activity (leading to commercialization of product or services in Australia). This is a temporary visa valid for up to 4 years and 3 months.     Am I Eligible?   To...

Premium Investor Stream – Subclass 188D Visa

Premium Investor Stream – Subclass 188D Visa

About Subclass 188 D  A Subclass 188D is a provisional visa given to people who want to invest a minimum of AUD 15 million in Australia. This visa is valid for 4 years.   Am I Eligible?   To qualify for this visa, you must meet the following requirements:   Have...

* indicates required

Success! Thank you for registering for our upcoming webinar. You should receive a confirmation email shortly.

One of our friendly agents will be in touch with you shortly!