As long as you have a good business Ideas, you can apply for a South Australia New Zealand investment immigration visa!
In March this year, South Australia announced the introduction of a new investment immigration visa, no business background and funding requirements, but also can be transferred to PR. The news aroused heated discussion as soon as it came out. You should know that most of Australia`s investment immigration visas also require a minimum of two hundred thousand Australian dollars, zero-funding requirements are really unprecedented!
The South Australia and New Zealand Investment Immigration Visa, which has been brewing for more than half a year, has finally been implemented today (November 21, 2018)! The next little new take you to know more about this visa.
Visa characteristics
The new investment immigrant visa is called the 408th temporary activity visa-the federal government approved branch. The English name is Federal Government endorsed-Subclass 408 (Temporary Activity) visa.408, the current temporary visa, but only a new branch for investment immigrants.
The new visa has been on trial for three years (from November 21, 2018 to the end of November 2021), and the South Australian government has allocated A $ four hundred thousand for it.
The main characteristics of the visa are:
- Valid for 3 years;
- There were 30 places in the first year and then increased year by year;
- Under 45 years of age;
- South Australia government approved (Endorsement) business plan;
- English Vocational level (equivalent to IELTS 4 5);
- No financial requirements;
- Successful start-up to PR.
Among them, business plans need to have innovative ideas and the process of implementing them in South Australia before applicants can apply for visas after the approval of the state government or federal government.
With regard to the fact that the business plan needs to be endorsed by the South Australian government, the law document explains: "the approval of the South Australian government is intended to ensure that only real entrepreneurs with innovative ideas can apply for the visa."
However, after applying for a visa, the state government will monitor the applicant`s business activities, which may be cancelled if the business activity does not correspond to or is significantly different from the business plan provided at the time.
Visa implementation purpose
The purpose of the new visa is to attract entrepreneurial talents of unique innovation and business value, promote the development of South Australia`s economy, attract more investment and create more job opportunities.
South Australia Governor Steven Marshall said: "as long as the applicant is successful in starting a business and creating more jobs for South Australia, he will be able to switch to PR.. The federal government has decided to focus on building ships in South Australia, and the implementation of new investment immigration visas can also boost overseas investment in areas with great potential for development, such as Australian production and defense technology. "
Differences from common investment immigrant visas
Although the new investment immigration visa is under the 408 visa, it is in fact very similar to the current 188 E, which is simply an improved version of 188 E. But the threshold for new-investment immigration visas is much lower than 1818E, with the biggest advantage being in terms of capital and English requirements.
fund
1818E requires a minimum of A $ two hundred thousand, but South Australia`s new investment immigration visa does not require any funding, but requires applicants to come up with innovative business plans and be endorsed by the government.
English
1818E required English Competent level, South Australia`s new investment immigration visa reduced to Vocational.
age
The age requirement of 188 E is under 55 years old. Although the visa age for new-investment immigrants in South Australia has been lowered to 45, this is now the requirement for most immigrant visas.
Here`s a list of other common investment immigration visas, which can be compared by big guys.
132 visa
Suitable for domestic large companies and directly involved in business operation and management of successful people, can be in place to obtain a permanent residence visa.
188A
The 188 Series visa is a four-year commercial work visa that meets certain conditions to obtain the right to permanent residence in Australia, that is, 888 visa. 188A requires only A $ eight hundred thousand. This is attractive to applicants who do not have much spare money.
188C
The 188C, a major investor visa, is also a popular category of investment immigrants in Asia, especially in China, providing individuals with successful business or investment experience with a shortcut to access to PR. It can be said that there is nothing more than investment.
epilogue
The new investment immigration visa was first implemented in South Australia. We can see that South Australia is eager to attract more talents to drive the development of the local economy. And as long as the success of the business, the applicant can also be transferred to PR, which is actually for the applicant to open a new PR channel.
