Are you currently thinking about moving to Australia? If yes then you have reached the right spot! The Nationwide Innovation Visa may be perfect if you’re enthusiastic to start a new life in Australia. This visa is for company owners, investors, and talented workers who desire to build Australia’s economy.
While living there, you can impact Australia’s future with your talents. As an immigration consultant in Australia, we can explain the procedures and requirements. If you have the necessary information, you may apply for a visa and start your new journey in Australia.
What is the Nationwide Innovation Visa?
The Nationwide Innovation Visa targets those who can boost Australia’s development in many sectors. Australia is promoting fresh ideas, helping new enterprises, and attracting brilliant individuals with a larger goal.
Australia wants to attract individuals who can innovate, establish enterprises, and play critical economic roles. This visa helps achieve that by offering different pathways for entrepreneurs, investors, and skilled workers.
Types of Nationwide Innovation Visas
Business Innovation And Investment (Provisional) Visa (Subclass 188)
This visa allows persons to create or manage a company in Australia, invest in local enterprises, or perform other business-related activities. It considers several approaches, including these:
- Business Innovation Stream: The Business Innovation Stream is especially there for Australian entrepreneurs, aiming to stimulate economic development and innovation.
- Investor Stream: this one is available for those willing to spend at least AUD 1.5 million. It can be for Australian states or territories to boost local business and investment.
- Significant Investor Stream: This stream is for investors willing to spend at least five million Australian dollars (AUD) on Australian enterprises.
- Entrepreneur Stream: The Entrepreneur Stream supports legal enterprises and boosts Australia’s economy, and this assistance is for those with third-party loans.
Business Talent (Permanent) Visa (Subclass 132)
This visa is for business people who wish to work permanently in this nation. Only successful business people granted authorization by a government agency in one of Australia’s states or territories may apply for this extended visa.
- Significant Business History Stream: The Significant Economic History Stream targets only Australian business owners. It can also be the part-owners who desire to establish or expand their companies, and these people bring money and expertise.
- Venture Capital Entrepreneur Stream: the entrepreneurs who have obtained venture capital funding from an Australian Investment Council member may join the Venture Capital Entrepreneur Stream.
Know About The Application Process
- Submit an Expression of Interest (EOI): A declaration of interest is the first step in applying for a Nationwide Innovation Visa on SkillSelect. The Australian government may find and invite qualified businesses and people using this strategy, which helps the government locate suitable firms and individuals.
- State or Territory Nomination: Some courses need a state or regional government proposal to be completed. A standard set of standards and objectives does not apply to all states and regions.
- Receive an Invitation to Apply: If your show of interest is approved, you can apply for visas. This event is open to you according to your expression of interest form rating and Australia’s state and territory criteria.
- Lodge Your Visa Application: After submitting your application, you should always provide the relevant documents and information to prevent issues.
- Await a Decision: After applying, you must wait for a response before being approved. Working hours may vary based on traffic and application completion.
Why Seek Help from an Immigration Consultant in Australia?
When you request a visa it may get difficult and time-consuming due to the multiple stages, and in these situations, assistance from an immigration consultant in Australia is needed. Specialized talents and years of expertise allow them to solve challenges.
Consultants will ensure all criteria are satisfied, get all documents, and guide you through the process. Their support of the Nationwide Innovation Visa simplifies the procedure by clarifying criteria and streamlining paperwork.
Conclusion
The Nationwide Innovation Visa boosts Australia’s economy, and it accepts competent workers and innovators. The BIIV (Subclass 188) and BT (Subclass 132) allow individuals to establish enterprises, invest heavily, and realize their distinctive ideas.
With this visa, families may easily integrate into Australian culture and obtain permanent residency. People considering this exciting adventure may discover that working with an expert consultant helps speed up the application process and ensure all criteria are completed. This will make moving to Australia more accessible.
