Tuesday 13 September 2016

Immigration News - Changes to Skilled Visa Points Test & A New Entrepreneur Visa

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The Australian Government recently announced changes to the Skilled Migration scheme which now allows international graduates in certain fields to gain an additional 5 points towards their points test score. Importantly, students of Australian institutions will be able to get these five extra points by completing Doctoral or Masters by research level qualifications in science, technology, engineering or mathematics (STEM) or specified information and communication technology (ICT).

Specifically, graduates of the following skilled fields will qualify for the additional 5 points from the 10th of September 2016 onwards: 

Biological sciences, earth sciences, chemical sciences, mathematics, physics and astronomy, computer science, information technology, aerospace engineering and technology, civil engineering, geomatic engineering, electrical engineering and technology, manufacturing engineering, maritime engineering and process and resources engineering.

The diagram above now reflects the current state of the Points Test system for Skilled Visas.

Original Source: https://goo.gl/CCj60Q

Introduction of the Entrepreneur Visa


The Australian Government has also announced plans to introduce a new Entrepeneur Visa within the Business Innovation and Investment Programme.

To be eligible, applicants will need to be able to satisfy the following criteria:
  • Have a competent level of English
  • Have an agreement in place for at least $200,000 to grow your entrepreneurial venture in Australia
  • Hold at least 30% interest in that entrepreneurial venture
  • Be nominated by a state or territory government

Funding can be secured by Commonwealth agencies, state, and territory government, publically funded research organisations, investors registered as a venture capital limited partnerships or early stage venture capital limited partnerships or any combination of these.

The hope is that these new change will encourage innovative minds from around the world to migrate to Australia with the expectation of a positive impact on the Australian economy and job creation. 

Original Source: https://goo.gl/SOjAkw

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Originally Published here: Immigration News - Changes to Skilled Visa Points Test & A New Entrepreneur Visa

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