Tasmanian 188 Visa Criteria Explored
Under the Australian Residency by Investment programme, four key 188 visas provide investors opportunities to emigrate.
Tasmania seeks interest from successful business owners, innovators, and entrepreneurs with the ability to operate businesses and develop business concepts that will genuinely benefit Tasmania’s economy through:
- innovation and new technologies, and
- enhancing industry capabilities.
1) Business Innovation and Investment
When considering proposals, Tasmania will give high regard to the following:
- Generation of significant flow-on opportunities for the Tasmanian economy, including trade expansion and the creation and/or retention of local jobs.
- Partnership with at least one business partner who is a permanent resident or an Australian citizen.
- The likelihood that the initiative would not otherwise proceed without the direct involvement of the applicant.
- Environmentally sustainable initiatives.
- Investment in key sectors that will benefit Tasmania’s economy
The following business activities will generally be excluded under the Business Innovation stream:
- passive investment
- general importing
- real estate property investment and development
- export of commodities and scrap metal
- mining service operations (administration services for the mining sector)
- setting up an existing franchise
2) A$2.5m & A$5m Investment streams
Other than requested by the Department of Home Affairs. Tasmania does not impose any increase in the 65 points required. However, it does look to ensure any investment would benefit its local economy in an environmentally sustainable way.
3) Entrepreneur stream
Your business concept must promote innovation and new technology or enhance industry capability and:
- be an untested or unknown business model or;
- include the ability to scale up and down without significant human resources
When considering proposals, Migration Tasmania will also give high regard to the following:
- Activity related to one or more of the following sectors
- renewable energy (including hydrogen and bioenergy).
- bio renewal/waste recycling (including circular economy)
- defence and space
- aquatech, agtech and marinetech
- robotics, advanced and additive manufacturing
- digital technology, including cyber security, big data, blockchain and lot of internet of things)
- health and medical technology, particularly those that support current research projects (i.e. dementia, population health studies, survival in extreme environments)
- creative industries.
- The business concept demonstrates a clear, competitive advantage, genuine innovation, novel intellectual property, or high barriers to entry.
- Entrepreneurs with higher academic degrees such as master’s degrees and/or PhDs relevant to the proposed entrepreneurial activity.
- The business concept has strong potential to create local employment, new skills and/or export revenue for Tasmania.
Proposals related to the following business areas will generally be excluded under the Entrepreneur stream:
- cafés and restaurants
- consulting firms/companies
- employment agencies
- export/import businesses/companies
- foot reflexology
- massage parlours
- traditional Chinese medicine
- herbal dispensing
- residential real estate or labour-hire
- purchase of an existing business or franchise.