8 August 2021

Business Visas

For the first time since the introduction of the Business Innovation and Investment Program in 2012, the government has made some significant changes to business and investment visas.

From 1 July 2021, the number of streams and subclasses in the program is being reduced to four from nine. 

There is a higher assets and business turnover test for the Business Innovation stream, and visa holders in the investor stream are required to make an investment of $2.5 million, up from $1.5 million. 

The $200,000 funding threshold requirement for the Entrepreneur stream has been scrapped and the pathway to permanent residency has been made easier.

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