Entrepreneur Visa News For Australia
AUSTRALIAN GOVERNMENT CALLS FOR SUBMISSIONS ON NEW ENTREPRENEUR VISA – BY 18 MARCH 2016
On 7th December the Australian Government announced the National Innovation and Science Agenda, also known as NISA. NISA includes new initiatives to boost prosperity by placing science and innovation at the centre of the Government’s economic narrative.
Investments are to be made in the primary enablers of: innovation, science, research, education and infrastructure.
Under the new NISA initative, a new “Entrepreneur Visa” will be established for entrepreneurs with ground-breaking ideas and third party financial investment.
The Entrepreneur Visa will:
Be a provisional visa for people who have obtained financial backing from a third party to fashion entrepreneurial ideas within Australia. (Appropriate third party details can be obtained through a consultation with one of our agents.)
Be established as a new stream within existing Business innovation and Investment (Provisional) visa (subclass 188) and the Business Innovation and Investment (Permanent) visa (subclass 888)
Come into effect in November 2016.
Eligibility For The Visa
Eligibility criteria will be judged based on a consultation with federal, state and territory government and industry stakeholders.
Consideration will be determined by the desirable level of capital backing and the effectiveness to target entrepreneurs with deviceful ideas in key sectors.
The Australian Department of Immigration and Border Protection is currently seeking comment and feedback on the proposed new initiative for the Entrepreneur Visa.
More information, including the specific consultation questions, can be found at
Supporting innovation through visas: The Entrepreneur visa.
Submissions can be emailed to ICAP@border.gov.au by no later than 5 pm on 18th March.
For more information on Migration News and for assistance with any visa requirements please contact us hello@immigracious.com.au
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