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Australian Business Migration Fact Sheet

2018-10-17 08:33 Tag:Australian Encyclopaedia

Australia's Business Innovation and Investment Programme encourages successful business people to settle in Australia and use their proven skills to develop business activity in Australia.


Background
The Business Innovation and Investment Programme is designed to increase entrepreneurial talent and diversify business expertise in Australia. It is positioned to target migrants that have a demonstrated history of success in innovation, investment and business and are able to make a significant contribution to the national innovation system and to the Australian economy.
The objectives of the programme are to contribute to the growth of the Australian economy by:
generating employment
increasing the export of Australian goods and services
increasing the production of goods and services in Australia
introducing new or improved technology
increasing competition and commercial activity
developing links with international markets 
increasing the dispersal of business migrants across Australia through state and territory

government sponsorship.


Structure of the Business Innovation and Investment Programme
The Business Innovation and Investment Programme is a nominated programme which is made up of three subclasses:
Business Talent (Permanent) visa (subclass 132)
Business Innovation and Investment (Provisional) visa (subclass 188)
Business Innovation and Investment (Permanent) visa (subclass 888).
Most business innovation and investment migrants enter Australia on a provisional visa for a minimum of four years and after satisfactory evidence of a specified level of business or investment activity can apply for permanent residence.

Alternatively business migrants can apply for a business talent visa to get direct permanent residence if they have high level business skills or have obtained funding from an Australian venture capital firm.


State-specific initiatives
Australia is actively encouraging business migrants to set up businesses in regional, rural or low growth areas of Australia.
The Business Innovation and Investment Programme enables states and territories to attract and nominate the kinds of business people they are seeking to help in the economic development of their regions.
See original article at: 
https://www.homeaffairs.gov.au/about/corporate/information/fact-sheets/27business
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