The Business Innovation and Investment Program provides an opportunity to investors, innovators, entrepreneurs and people with business skills and experience to migrate to Australia.
Since 2012, the program has contributed nearly $16 billion in investment in the Australian economy. Now, for the first time since 2012, the government has introduced some significant changes.
Founder and Principal Immigration Lawyer at Work Visa Lawyers, Chris Johnston, says the number of visa streams in the program has been cut to four from nine.
“The straight to permanent residency option, which was the 132 Visa, has been removed, and so now, all of the Business Investor’s visas are going to be within the Subclass 188, and then they’ll make a transition to permanent residency through the 888.”
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