Australia has long been a beacon for innovation and economic growth, attracting visionaries from around the globe. With the introduction of the National Innovation Visa (NIV) – 858 visa, the Australian government has solidified its commitment to fostering a dynamic environment for entrepreneurs and investors.
The National Innovation visa offers three streamlined pathways to permanent residency on arrival, enabling individuals to contribute to Australia and, in return, secure all the rights afforded to Australian Citizens from the moment they arrive.
At Sterling Migration, we specialise in Emigration by Investment Solutions, working with business brokers, investment fund managers, and venture capital firms across Australia that are dedicated to supporting our clients.
The Australian National Innovation Visa Stream is structured to cater to the diverse profiles of entrepreneurs and investors:
The NIV offers flexibility in investment choices, allowing applicants to invest in various sectors aligned with their expertise and Australia’s economic priorities.
The visa process is designed to be efficient, with priority processing for applicants meeting the high-demand criteria, ensuring a swift transition to Australian residency.
Applicants can include immediate family members in their application, granting them the same residency status and access to Australia’s benefits.
Unlike some visa categories, the NIV does not impose an age limit, broadening opportunities for experienced entrepreneurs and investors.
Designed for individuals with a proven track record of successful entrepreneurial activities, this stream targets those who have secured funding from a third party to develop an innovative venture in Australia.
This stream is tailored for investors willing to commit a substantial amount of capital into Australian businesses or managed funds that support innovation and economic growth.
Aimed at attracting individuals with exceptional skills and international recognition in sectors critical to Australia’s future, this stream focuses on talents who can drive innovation and competitiveness.
Funding: Secure funding from a third party to develop an innovative venture in Australia.
Business Plan: Present a comprehensive business plan demonstrating the potential for economic growth and innovation.
Investment Amount: Commit a substantial amount of capital into qualifying Australian businesses or managed funds.
Investment Management: Demonstrate a history of successful investment management and business acumen.
International Recognition: Provide evidence of exceptional skills and international acclaim in a sector critical to Australia’s future.
Endorsement: Obtain an endorsement from a recognized Australian organization or individual in the relevant field.
The visa is primarily targeted towards those who have run businesses previously or are willing and able to invest in Australia but are now too old to apply as skilled migrants.
However, the programme offers permanent residency in Australia to anyone who can demonstrate that their qualifications or business experience align with Australia’s needs.
This will depend on your background and preferred route. While some will require a business supported by an Australian Venture Capital fund, others may need to invest in a compliant fund with the assistance of an approved fund manager.
The final option requires you to be widely recognised as a world-leading talent in your field.
Whichever route you chose our team are ready to build a winning case.
At present, Australia is keen to grow investments and businesses within the following sectors to name just a few:
The National Innovation visa embraces a broad spectrum of industries. Therefore, do not be concerned if your industry is not listed.
The programme’s objective is to fuel the growth of Australia’s innovation economy, thereby engendering new employment opportunities within high-growth sectors. This rationale often prompts our clients to acquire shares in a compliant business.
Working with our partners in the world of investments and venture capital, we demonstrate the economic benefit you shall bring to Australia.
You are required to live in Australia once your Permanent Residency is approved.
Before starting your case, please be certain that your family is committed to making Australia your new home.
This scheme is designed for people who want to live in Australia rather than simply hold a PR visa.
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