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UPDATE: Western Australia is open for Business Innovation and Investment Visa 2021/2022

UPDATE: Western Australia is open for Business Innovation and Investment Visa 2021/2022

UPDATE: Western Australia is open for Business Innovation and Investment Visa 2021/2022

The Western Australia state government announced that the state nomination online application for Business Innovation and Investment Visa is opened from 4th August 2021.

The state nomination is opened for these three visa categories:

To be eligible for State nomination for these visas, you must meet the Department of Home Affairs (DHA) criteria.

You must also meet the State nomination criteria as advised in the State nomination policy guidelines.

Business Innovation and Investment Program in Western Australia

If you wish to migrate to Western Australia on a Business Innovation and Investment Visa, you must obtain a nomination by the state government. In Australia, the Business Migration Centre (BMC) will act on behalf of the Western Australian government in approving the nomination.

The state nomination is required for the following Business Innovation and Investment Visa:

  • Business Innovation and Investment (subclass 188) – Business Innovation Stream
  • Business Innovation and Investment (subclass 188) – Business Innovation Stream – Extension
  • Business Innovation and Investment (subclass 188) – Investor Stream
  • Business Innovation and Investment (subclass 188) – Significant Investor Stream
  • Business Innovation and Investment (subclass 188) – Significant Investor Stream – Extension

Read more: Queensland Business and Skilled Migration Program Opens on 1st February 2021

Western Australia State Nomination Policies for Visa 188

Generally, the state nomination requirements in Western Australia are the same as the requirements given by the Department of Home Affairs. Below are the complete requirements for Western Australia state nomination for Visa 188.

a. State Nomination Visa 188 – Business Innovation Stream

The applicants must meet the Department of Home Affairs requirement. Applicants and any family members (dependents) are also required to live and study in Australia.

b. State Nomination Visa 188 – Investor Stream

The applicants must meet the Department of Home Affairs requirement. The applicants must also:

  • Propose net assets of at least $2.5 million invested in complying investment as specified by the Department of Home Affairs;
  • Agree to re-invest $2.5 million complying investment into any Western Australia assets upon maturity of the complying investment;
  • Applicants and any family members (dependents) residing in Australia are required to live and study in Australia.

c. State Nomination Visa 188 – Significant Investor Stream

The applicants must meet the Department of Home Affairs requirement. The applicants must also:

  • Propose net assets of at least $5 million invested in complying investments as specified by the DHA;
  • Agree to re-invest the $5 million complying investment into any Western Australian assets upon maturity of the complying investment;
  • Applicants and any family members (dependents) residing in Australia are required to live and study in Western Australia.

Read more: Updated Business and Skilled Migration Program in NSW for 2021-2022

Three Step Applying for Western Australia State Nomination - Infographics

Steps to Apply for Western Australia State Nomination

Here are the three steps in applying for Western Australia State Nomination:

Step 1: Lodge an online application for the state nomination with the Business Migration Centre (BMC). There will be a fee applied of $750 to all visa nomination applications and extensions.

Step 2: If the BMC selects you for the state nomination, you can continue the process by lodging an Expression of Interest (EOI) through SkillSelect, if you have not already done so.

Step 3: Once the BMC has nominated you through the SkillSelect, you will receive an invitation to lodge your visa application. You must complete the visa application within 60 days.

Read more: Opportunities For A Visa To Work In Australia In 2021

What does it mean to you?

If you plan to migrate to Western Australia on a Business Investment and Innovation Visa, your chance has come!

The opening of the state nomination for Business Investment and Innovation visa is the first stage of migrating and investing in Australia.

It is surely one of the best options or pathways for you who wish to migrate and invest in Western Australia!

If you wish to check your eligibility, please get in touch with us via email at [email protected] or via phone on 1300 827 159.

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Let’s get ready to migrate and invest in Australia!

Don’t worry. We can help you with your Business Innovation and Investment visa (subclass 188) application!

We understand that applying for a visa to Australia is certainly very complex due to the COVID-19 Pandemic. Our visa specialists at ONEderland Consulting will help you assess your visa options. We have a 98% success rate and are one of the most recommended migration agents in Australia. Read our 4.9* score customer reviews.

We specialise in complex visa cases. As a registered Australian migration agent with the Migration Agents Registration Authority (MARA), we are regulated in our professional practice and bound by the profession’s Code of Conduct issued by the Migration Agents Registration Authority.

Take the first leap and get in touch with us. Our migration agents are professional, honest and our team members are able to speak various languages such as Mandarin/ Chinese, Bahasa Indonesia, Arabic, Japanese, Polish, German and Russian. Contact us through email at [email protected] or via phone on 1300 827 159. Alternatively, you may book your consultation online and it is 100% refundable if you become our client.

Published On: August 16th, 2021 / Categories: News /