Seeking to attract the best and brightest entrepreneurial talent and skills, Australia will introduce the Entrepreneur Visa in November 2016.
The Minister for Industry, Innovation and Science, Christopher Pyne said “It is critical for Australia’s prosperity and growth, that we not only tap into the best entrepreneurial minds in Australia, but we also make it easier for talent from overseas to contribute to this country’s innovative future. We are also keen to retain those educated and talented people, who have come to Australia and developed their knowledge base during their time in this country.”
The Minister for Immigration and Border Protection, Peter Dutton, said the visa would help promote innovation and encourage individuals to take part in the consultation process.
“Under the National Innovation and Science Agenda, the new Entrepreneur visa will facilitate the entry to Australia and stay of entrepreneurs with innovative ideas and financial backing from a third party,” Mr Dutton said.
About the visa:
- It will be a provisional visa for individuals who have obtained financial resources from a third party to develop entrepreneurial ideas in Australia.
- It will be established as a new stream within the existing Business Innovation and Investment (Provisional) visa (subclass 188) and the Business Innovation and Investment (Permanent) visa (subclass 888).
- There will be no cap on the number of visas being granted.
“Australia needs to wake up and see that mining is stalling and that if we want the economy to carry on growing, we need new ideas, new companies and people who can make them work,” – Australian Prime Minister Malcolm Turnbull.
This visa is basically a pathway to obtain permanent residency as long as your idea stimulate growth and create jobs.
Are you one those bright people looking for options to stay living the aussie life? Would you like to know more about this visa? Well, just contact us, we are happy to provide you more information.