The Australian government is making several key changes to the requirements for its business and investor visas. If you wish to apply for an Australia investor category visa, you need to apply as soon as possible to keep up with the new requirements.
To assist Australia’s economic recovery, the number of places for Provisional Business Innovation and Investment visas has nearly doubled to 13 500. These visas will be given processing priority.
It is not just quantity Australia is looking for, but quality too. The criteria set out by the newly established Global Business and Talent Attraction Taskforce will affect investment and residency requirements to attract higher value investors, international businesses, and exceptionally talented business owners and entrepreneurs.
Significant changes to the Australian Business Visas are to come into effect from the 1st July 2021. If you act now, we have only a month to lodge your business visa application under the current rules, i.e. proving a business and personal asset value of AUD $800,000 instead of AUD $1,25 million and showing an annual turnover of AUD $500,00 instead of AUD $750,000 to prove your business acumen.
Tri-Nations Migrations specialises in assisting South Africans with expert immigration advice services to help those who are looking to emigrate to Australia or New Zealand. If you believe that you have the essential skills and financial requirements that the Australian government stipulates, then Tri-Nations Migrations is here to help. Although Australia has opened its doors to more business people and investors than ever, places are getting filled up quickly, so get your application now before you miss your chance. For any information on Australia’s investor category visas, as well as other ways to make the move Down Under, contact us.