🚀 Exciting News! Australia’s New National Innovation Visa is Coming 🚀

Launching at the end of 2024, Australia will introduce the National Innovation Visa, replacing the existing Global Talent Visa (subclass 858) and the Business Innovation and Investment Program (BIIP). This new visa is designed to attract exceptionally talented individuals, including high-performing entrepreneurs, major investors, and global researchers!

🌟 Potential Streams of the National Innovation Visa:

1. High Performing Entrepreneurs: Including those with potential earnings above the Fair Work Income Threshold (currently AUD 175,000).

2. Major Investors: Those investing AUD 5 million or more, with investments complying with the Complying Investment Framework (CIF).

3. Global Researchers: Exceptional individuals in their field, including distinguished talent not covered under existing sectors.

🔧 Advantages of the New Visa:

• Combines the best features of the BIIP and Global Talent Visa programs.

• Aims to deliver stronger economic outcomes for Australia.

Specific requirements and criteria are yet to be announced, but this represents a fantastic opportunity for the world’s top talent. If you’re an aspiring entrepreneur, investor, or researcher, keep an eye out for this exciting new visa! 🌏✨

Stay tuned for official updates!