Individuals and families seeking to immigrate to Australia to start a new life and a new career are finding it difficult to do so, because of the lack of helpful visa options. Migration in Australia has been steadily shrinking since the last few years, and there is an intense amount of competition involved when it comes to popular professions such as doctors, engineers, scientists, etc.
However, the state of Queensland has started to enact new policies, which are designed to attract entrepreneurs and business owners. These new options will offer individuals an easy and less rigorous pathway to permanent residency. Here are the main highlights:
One of the main options for individuals and business owners who want to achieve permanent residency is to apply for a nomination from the Business and Skilled Migration Queensland (BSMQ). BSMQ is the state nominating body for such applicants, and they have made the pathway to permanent residency easier and less complicated than it was before. The 491 Small Business Owners Visa stream will allow immigrants to apply if they have a minimum of only fifty points, a very sizable relaxation. There are also no limits to the number of occupations.
According to the BSMQ or Business Skilled Migration Queensland, the state of Queensland is going to nominate migrants who are business owners in several in-demand industries. These migrants are going to be provided provisional 491 visas, and will eventually find themselves on the path towards permanent residency. This new and relaxed pathway will allow such migrant business owners to invest and set up new businesses, stores, etc. in Queensland itself. This new visa stream is meant especially for entrepreneurs, business owners, investors, etc. who are very interested in purchasing, establishing, and running a small-to-mid scale business somewhere in regional Queensland.
The basic rundown
To be eligible for this pathway to visa subclass 491 and permanent residency, you need to invest at least $100,000 in a business based out of regional Queensland. Additionally, you also have to run the establishment for at least 6 months. The business does not have to be connected to the occupation that the migrant lists in their Skill Assessment. An accountant can start a restaurant, a garage, etc. Here are the primary requirements to qualify for subclass 491.
The process isn’t that difficult and can be executed quite fast. You can arrive in Queensland, own a business, and have to get 2 BAS statements ready. Then it would be easy to apply for the visa and the processing time would be around 10 days. If you need detailed information and guidance in such matters of immigration, contact Migration Agent at ISA Migrations immediately.
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