Australia’s new financial year is coming, and the Immigration Bureau also announced the business immigration quota for the 2021-22 fiscal year and the latest business immigration policy.
The latest application requirements for 188A visa
1. Age: under 55 years old
2. English: IELTS 4 5, or equivalent other English test corresponding scores
3. Education/Background: Bachelor degree or above in science, technology, engineering, mathematics or medicine (STEMM) or Master of Business Administration (MBA) or if the above qualifications are not available, at least 3 years in the past 10 years in any of the following Business in the field:
? Health, medicine and life sciences
? Digital technology
? Agricultural food
? Advanced manufacturing
? New energy and emission reduction
? Circular Economy
4. Business plan: an innovative business proposal
5. EOI score: 65 points or above
6. Residence requirements: live in Victoria
7. Meet the minimum requirements of Federal 188A
Quota aspect
Consistent with last year, business immigrants received a total of 13,500 quotas. The current allocation of business immigration quotas in each state is as follows:
New South Wales: 2,200
Victoria: 1,750
Kunzhou: 1,400
South Australia: 1,000
Western Australia: 360
Capital Territory: 30
Northern Territory: 75
Tasmania: 45
Policy aspects
There is no big change from our previous analysis, as follows:
188A: The family net worth is required to start at 1.5 million Australian dollars;
188B: The family net worth is required to start at 2.5 million Australian dollars, and the investment method has been changed;
188C: Changed the investment ratio (20% to venture funds, 30% to emerging companies, and 50% to balanced funds);
188E: The business plan needs to cover innovative ideas and limit the scope of the business. In addition, there is no need to provide an investment certificate for VC fundraising of 200,000 Australian dollars.
In the new fiscal year, which visas have priority?
The immigration plan for the 2021-22 fiscal year will still focus on the recovery of the epidemic, so the immigration bureau will still choose to give priority to the following three visa categories that can stimulate the country's economic and employment growth:
Investment visa
GTI Talent Program Visa
Employer sponsored visa
Is the submitted visa application affected?
No, In other words, if your visa was submitted in the previous fiscal year, you won’t be The impact of the year.
I believe that in the next few days, the states will successively introduce relevant policies.
Victoria application channel opened
On July 13, Victoria officially opened the new nomination application channel.
At the same time, Victoria also announced the latest application requirements for the 188A visa:
* Age: under 55;
* English: IELTS 4 5s, or equivalent other English test corresponding scores;
* Education/background: STEM bachelor degree or above, or MBA, or proof of more than 3 years: health, media reseach, life science, digital, agri-food , advanced manufacturing, new energy, circular economcy related business experience;
* Business plan: an innovative business proposal;
* EOI score: 65 points or more;
* Residence requirements: live in Victoria;
* Meet the federal 188A minimum requirements. ?
Under the New Deal, the validity period of the 188A visa has been extended from 4 years to 5 years. After obtaining the visa, if the requirements are met, the permanent residence visa can be applied for as soon as the third year after obtaining the visa.
The estimated processing cycle for Victorian nomination: 12 weeks.
It is not difficult to see that due to the continuous increase in the number of applications in recent years, Victoria (Melbourne), which is well-loved by investors, has begun to select investor backgrounds.
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