Queensland Updates their Business Talent and QSOL
Category : Immigration News
For those multimillionaire entrepreneurs out there, Queensland have announced some changes to their Business, Innovation and Investment Programme:
SUBCLASS 132 BUSINESS TALENT (SIGNIFICANT BUSINESS HISTORY STREAM)
Net Business and Personal Assets of AUD$1.5 million to be transferred to Queensland within 2 years after visa is granted including:
- minimum AUD$1million investment in a business
- minimum AUD$500,000 settlement costs
- must reside in Queensland.
SUBCLASS 188 BUSINESS INNOVATION AND INVESTMENT
- Innovation Stream: Net Business and Personal Assets of AUD$800,000 to be transferred to Queensland within 2 years after visa is granted including:
- minimum AUD$200,000 investment in a business
- must reside in Queensland
- Investor stream:
- Existing criteria remains the same
- must reside in Queensland
- Significant Investor Stream (SIV):
- current Austrade Complying Investment Framework
- commitment to Queensland.
For the rest of us lesser mortals wanting to get state sponsorship for skilled migration, the new list will come into effect on Monday the 25th of July 2016, and Queensland still have the three main streams:
- For those working in Queensland
- For those who have studied in Queensland
- For everyone else
