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Webinar Recording | Business Migration 2021 (Changes and Processes)

2021 Changes to the Business Migration
Business Innovation and Investment Program (BIIP) Changes July 2021

  • Reduction from 9 to 4 pathways
  • More allocated places from 6862 in 2020 to 13,500 for 2021
  • Increase in turnover and assets to AUD$1.25 million and AUD$750,000
  • 188c Premium Investor stream and 132 streams are closing
  • 188 visa holders applying for 888 permanent residence after 3 years and extension of provisional from 4 to 5 years
  • 188b designated investment may change from Treasury bonds to Designated Funds

188 Application
One Applicant, Visa for Whole Family

  • Spouse
  • Children under 23 years old

Step 1: State Nomination (State Level)

  • Business Plan & Benefits to the State
  • Your reason for choosing the State – Residency Requirement
  • Interview with State Officer

Step 2: Visa Application (Commonwealth Level)

  • Management Skills & Successful Business Career
  • Turnover and Net Assets Requirements
  • Source of Funds

Part 1: Business Migration Overview of Process and Changes

Part 2: Qualifying for Business Migration

Part 3: What “Eligible Business” to Invest In?

Part 4: Business Visa Case Study

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