ACB News, Jan. 30-in November, South Australia`s governor, Steven Marshall, announced that South Australia would open a new category of business visas that do not set a financial threshold and can be granted as long as a business plan for a start-up is approved.
South Australia`s start-up visa has been officially piloted since January, according to the latest news from South Australia`s governor, Steven Marshall. If successful, the visa will be promoted to Australia.
The new pilot start-up visa differs from the existing business visa category, but is temporarily classified under the "participation in government-approved activities" category. Australia 408 visa is a temporary activity visa that allows applicants to perform temporary work or participate in temporary projects and activities in Australia.
Nominating is usually not required for a 408 visa, but entrepreneurs need to apply for it in two steps. First, you need to apply to South Australia`s Ministry of Trade, Tourism and Trade to submit a business plan that is approved by the South Australian government if approved by an innovative ecosystem provider or the Chief Entrepreneur`s Office. The applicant then applies for a 408th visa from the federal government.
The first step is to pay A $200 (non-refundable) to the South Australian Immigration Service and the second step to apply for a 408 visa is A $285.
In contrast to other visas, no matter when a start-up visa is approved, it will expire in November 2021.
To encourage and attract entrepreneurial talent to start a business in South Australia, South Australia government has given a lot of "preferential" measures, including: applicants do not need to prove that they own at least A $ two hundred thousand; Family members can apply for visas together and can work and study in Australia without restriction.
The biggest difference from the other categories of 408 visas is that the applicant can apply for a permanent residence visa (green card) if he or she is successful in starting a business in South Australia after receiving a business start-up visa of 408.
Lawer, an immigration center, said the visa was created to address the 132B and 188E claims that applicants could not meet the requirements for venture capital, and that the visa adjustment also reflected a historical shift in immigration visa processing. Although the financial threshold for the new visa is very low, the requirements for the business plan will be higher.
South Australia`s government has tried to get deeper into the guarantee of business migrants, he said. For example, a visa applicant applying for real estate development must submit a business plan, real estate development must be marketed, and a business plan must have details of how the applicant participates in the management of the, real estate development to cooperate with a construction company for more than two years, and so on.
"government in South Australia will need a lot of details about the start-up visa program." He said。
He also believes that in addition to the business plan is the key, the applicant`s background review will also be the main reason for refusing to sign.
Generally, applicants need to have successful academic or entrepreneurial experience, the past successful people are more likely to succeed in the future, for graduates, this visa is more difficult to use. In addition, start-up visa to PR condition is the condition of the state government business immigrant guarantee, which may include the number of employees or turnover to meet certain requirements, there should be a number of options, one of them can be satisfied.
