Changes to Victoria's Business Innovation and Investment Program
We have just been informed of the changes coming to the State of Victorias Business Migration Program.
The New requirements are briefly as Follows:
A minimum Department of Home Affairs’ SkillSelect Points test of 80 will be required for all 188 Innovation stream applicants
188 Innovation nomination applicants must agree to employ at least one (1) full time employee in their main business
188 Investor applicants must agree to make a minimum additional investment of at least A$500,000 in Victoria during the provisional visa period. The investment must be held for no less than 12 consecutive months immediately preceding the Business Innovation and Investment (Permanent) visa (subclass 888) Investor Stream nomination application
Applicants proposing to engage in export activity must demonstrate that the business will export 100% Victorian manufactured products only
Applications that have been submitted before 22 July 2019 will not be subject to these changes.
If you would like to find out more please contact us.