Australia National Innovation Visa
The Australia National Innovation Visa (NIV) is a premium migration pathway designed to attract highly skilled professionals, global researchers, innovative investors, and top-tier entrepreneurs to Australia. This visa also welcomes elite athletes, renowned artists, and entertainers who can contribute significantly to the country's economy and cultural landscape.
Benefits
- Stay in Australia permanently
- Work and study in Australia
- Enrol in Australia’s public health scheme, Medicare.
- Flexible English requirements.
- No age limit (under 18 or over 55 must be of exception benefit to the Australian community)
- Residence includes spouse, de facto or civil partner, and dependent children under 23
- Multi-cultural environment with a high standard of living
Requirements
To be invited to apply for the National Innovation Visa, applicant must:
- Be internationally recognized for exceptional and outstanding achievement, remain prominent in their field, and provide evidence such as senior roles, patents, professional awards, international publications or memberships
- Demonstrate that they would be an asset to Australia, can easily gain employment or establish themselves in their field, and contribute to the country through economic, social, cultural, academic, artistics, or sporting achievements
- Be nominated by a recognized organized or individual in Australia within the same field, or by an Australian state, territory, or federal government agency.
PHD graduates from top global universities or with recent publications in top-ranked journals may also apply.
Investment Options
- Make an investment of at least AUD 2.5 million in the following proportions:
- at least AUD500,000 in venture capital and growth private equity funds which invest in start-ups and small private companies
- at least AUD750,000 in approved managed funds. The managed funds must invest in emerging companies listed on the Australian Stock Exchange
- a ‘balancing investment’ of at least AUD1.25 million in managed funds
- The investment must be held for at least 5 years from the date of its issue in the nominating State or Territory.
- The investment may be changed, but if withdrawn, the visa will be cancelled
PROCESS
- Submit an Expression of Interest (EOI) via “Skill Select” online service in order to be nominated by a State or Territory Government
- Upon receiving a nomination from a State or Territory government and an invitation to apply, submission of an online visa application within 60 days
- Upon approval-in-principal of the visa application, the investor will be advised when to make the complying investment
- Upon making the complying investment, the temporary visa will be issued
- The visa has a duration of up to 5 years with a minimum physical residency requirement