Australia has announced changes to its Business Skills Migration programme, which will take effect on July 1 this year.
The
programme will be renamed the Business Innovation and Investment
Programme and has a stronger focus on entrepreneurs and people with a
track record of innovation in business.
Australian Minister for
Immigration and Citizenship MP Chris Bowen made the announcement on May
25 regarding changes to the Business Skills Migration services programme.
There
is also a new visa category called the ‘Significant Investor Visa’
which will allow eligible applicants to achieve permanent residency
through making investment in an Australian company, government bonds or
approved managed funds.
This offers more choice than the current Investor visa, which only allows for investment in government bonds.
A
points test called the ‘Innovation Points Test’ will be introduced for
certain visas under the Business Innovation and Investment Programme.
Points will be granted based on age, English language ability, business experience, innovation, turnover and assets.
“These
changes have been discussed by the Australian government for a long
time,” said GALC Professional Services managing director Grant Colbron.
Colbron
is the former First Secretary (Immigration) of the Australian High
Commission in Kuala Lumpur and is now based in Kota Kinabalu with
representatives in Sarawak covering Kuching, Bintulu and Miri.
“A
review of the current Business Skills programme was conducted in 2011
and recommendations were made about where changes should be made. This
was the first major review of Business Skills in many years,” he said.
He is a registered migration agent with the Migration Agents Registration Authority of Australia.
For further information, call Clara at 019-8564418.
The Business Innovation and Investment Programme will come into effect on July 1.
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