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New South Wales investment immigration requirements
2022 New State Investment Immigration Policy
Since the end of 2020, the Australian immigration department has successively announced new policies for investment immigration in categories 188, which will be officially implemented on July 1, 2021. Except for Victoria, no new changes have been announced in the investment immigration policies of each state, and everyone is waiting.
Yesterday, New South Wales finally announced its new investment immigration policy for the new fiscal year. It is obvious that New South Wales has taken reference from Victoria’s investment immigration policy and has begun to have specific requirements for applicants’ academic qualifications, age, and industry fields. And just as the immigration department has increased its turnover requirements, the Sydney region’s turnover requirements for investment immigration applicants have also increased accordingly.
This article will give you a detailed interpretation of the latest changes in NSW investment immigration in the 2021-22 fiscal year
New South Wales
188A Business Innovation Stream (Business Innovation Stream), also known as 188A investment immigration visa, is one of the three major categories of Australian business immigration 188 visa. The Australian government hopes to attract truly innovative professional technical and management talents to do business and start up businesses in Australia. Injecting capital and creating jobs in Australia. The 188A investment immigration visa mainly targets four categories of applicants: corporate legal persons, shareholders, contractors, and senior managers. Before submitting the 188A visa application, the applicant must submit EO1 through the SkilSelect system and must be nominated by the state or regional government to apply for this type of visa. Holding the Australian Investment Immigration 188 visa is eligible to obtain the Australian Innovation and Investment Permanent Residence Visa (888 ) in the first step. 188A is valid for 5 years from the date of issuance. The visa validity period will be adjusted to 4 years and 3 months before July 1, 2021). After being approved, the applicant needs to operate the company normally in the sponsored state of Australia for at least 2 years and participate in daily management work. After living in Australia for a certain number of years within 5 years (before July 1, 2021, the applicant must have lived in Australia for 2 years before submitting 888A). 1 year, after July 1, 2021, the 3 years before submitting 888A will be 1 year.) You can transfer to 888A business innovation and investment permanent residence visa.
New state 188A/888A investment immigration
NSW Business Innovation Stream
Meet immigration department requirements
1. In at least 2 of the past 4 financial years, the company’s annual turnover is not less than 750,000 Australian dollars (up to 2 companies combined)
2. The couple owns any of the following companies under their names:
● Companies with an annual turnover of less than RMB 400,000 must hold at least 51% of the shares;
● Companies with an annual turnover rate higher than RMB 400,000 must hold at least 30% of the shares;
● If it is a publicly-listed company, hold at least 10% of the shares
3. If the applicant’s enterprise provides professional, technical or trade services, the applicant must provide these services less than half of the time and more than half of the time must be engaged in business management.
4. The total family assets owned by the applicant (or together with his spouse) are no less than AUD 1.25 million. These assets are obtained through legal channels and can be transferred to Australia within 2 years after issuance.
5. The EOI score of the business selection system is no less than 65 points
Meet the requirements of NSW for 188A applicants
1. Personal background
Under the age of 50, and have (meet one of the following requirements):
● A postgraduate qualification (bachelor degree) recognized in Australia; or
● Over the past 10 years, 3+ years of business experience in the NSW target areas (see table below); or
● In the past 10 years, have more than 5 years of business experience in non-NSW target areas.
2. Personal and business net worth:
● Applying for a state guarantee in the Sydney area must meet the requirements of 1.75 million Australian dollars:
● A $1.25 million must be met in remote areas of NSW
3. Annual turnover of the company:
For at least 2 of the past 4 financial years, the annual turnover of the business (maximum 2 companies combined):
● Applying for a state guarantee in the Sydney area must meet the requirements of 1.25 million Australian dollars:
● Please meet the requirements of AUD 750,000 in remote areas of NSW
4. The EOI score of the business selection system is not less than 65 points, and the following points will be given priority:
● 15 points of business experience (at least 7 years of business experience in 8 years)
● Possess any one of the commercial innovation qualifications:
1. Proof of registered patent or registered design for more than 1 year
2. Proof of registered trademark for more than 1 year
3. Proof of a formal joint venture agreement for more than 1 year
4. Certificate of export trade (exports account for 50% of sales in two years within four years)
5. Proof of owner’s equity of gazelle enterprise (the company has been established for no more than 5 years, and the annual growth rate exceeds 20%, and at least one year has no less than 10 employees)
6. Proof of government incentives or venture capital financing
Meet NSW business requirements
1. Business Plan (BP)
A business plan must be provided that clearly describes how the business that will invest/operate in NSW will contribute to the NSW economy and create new jobs.
2. Create new jobs in NSW
Must create at least 2 full-time jobs
3. If you are buying an existing business
Must demonstrate that since purchase, the business:
● Annual turnover increases by at least 10%, or
● Increase business assets by at least 25%
4. The following situations can be exempted from the requirements for job creation and enterprise growth:
● Has implemented innovative practices that did not exist in the market before (including operating model, profit model, innovative business, etc.)
● Located in remote areas of New South Wales, mainly engaged in target industries in remote areas of New South Wales
5. Investment amount (the following conditions must be met when applying for the 888 permanent residence visa)
● To apply for a state guarantee in the Sydney region, an investment of AUD 500,000 is required
● To apply for remote areas of New South Wales, you must meet the requirement of A$300,000
NSW target industries (target sectors)
Sydney region (in no particular order)
1. Advanced manufacturing
Advanced manufacturing industry
2. Food and beverage manufacturing
Food and beverage manufacturing
3.Agricultural technology
Agricultural Technology
4. Aerospace and defense
Aerospace and Defense
5. Renewable energy and sustainability
Renewable energy and sustainable development industry
6.Emerging digital technology
Emerging Digital Technologies
7. Cyber security
cyber security
8.Medtech
medical technology
Regional NSW (in no particular order)
In addition to the above 8 industries, the following 3 industries are added:
1.Technology-enabled primary industries
The primary industry driven by science and technology (agriculture, forestry, animal husbandry, fishery)
2. Critical minerals
Critical Mining Industry
3. Recycling and waste management
Recycling and Waste Management
NSW 188A state sponsorship application fee
Application within Australia: A$902 (including GST)
Application outside Australia: A$820 (no GST required)
NSW's requirements for 888A applicants
1. Personal net worth and business net worth
The applicant or his or her spouse (or both) must be involved in the business, the business must have been in operation for at least 2 years, and the applicant or the applicant’s spouse (or both) must meet the following requirements 12 months before submitting the NSW 888 state guarantee condition:
● Personal and business net worth is at least:
Sydney region: A$1.5 million
Regional NSW: $600,000
● Business net worth is at least:
Sydney area: A$600,000
Regional NSW: $200,000
● The company’s operations must be reflected in the following five aspects:
1. Sales revenue;
2. Leasing or owning business premises:
3. Hire employees:
4. Capital investment (may not include the purchase of motor vehicles):
5. Purchase goods.
2. NSW new state investment amount
While holding a 188A visa, the amount of investment in NSW must meet:
Sydney area: A$500,000
Regional NSW: $300,000
Business investments must be made in real estate, plant and equipment, inventory or the purchase of goodwill.
3. New jobs created in NSW
While holding a 188A visa, at least 2 full-time or full-time equivalent jobs must be created in New South Wales:
Employees must work in a company under the name of the 188A holder and must meet the following conditions:
● Must be an Australian citizen, Australian permanent resident, or New Zealand citizen;
● Cannot be a family member of the 188A holder
4. If you are purchasing/investing in an existing enterprise, the applicant must meet the following requirements after purchasing/investing:
● The company’s annual turnover increases by at least 10%, or
● Corporate assets must increase by at least 25%.
5. Exemption
188A holders can apply for exemptions from job creation and company growth requirements if their business meets the following conditions:
● Implement innovative practices that did not previously exist in the market, or
● In remote areas of New South Wales, operate target industries in remote areas of New South Wales
6. Residence time requirements
Australian investment immigration residence time requirements and exemption requirements during the epidemic
NSW New State 888A State Guarantee Application Fee
Application within Australia: A$1397 (including GST)
Application outside Australia: A$1270 (no GST to be paid)
New South Wales 188B/888B investment immigration
NSW Business Investor Stream
Meet immigration department requirements
1. Applicants must meet the following conditions:
● At least 3 years of successful direct investment or management experience in one or more enterprises
● Have a successful track record of qualifying investment or qualifying business activity
● demonstrate a high level of management skills in relation to qualifying investments or qualifying business activities
2. The applicant and his/her spouse must meet the following investment requirements:
● Occupy at least 10% of the shares of eligible enterprises in at least 1 of the 5 financial years preceding the invitation; or
● Participated in the management of investments worth at least AUD 2.5 million in at least 1 of the 5 financial years preceding the invitation
(An enterprise that meets the requirements means an enterprise that operates for the purpose of making a profit by providing goods, services, or goods and services (other than the provision of rental properties) to the public; and that is not primarily or substantially for the purpose of speculation or passive investment.)
3. In the 2 financial years before receiving the invitation, the total net family assets owned by the applicant (or together with the spouse) are no less than 2.5 million Australian dollars (these assets must be obtained legally and can be transferred to the country within 2 years after obtaining the visa). Australia.)
4. The EOI score of the business selection system is not less than 65 points
5. Requirements for investing in Australia
A 3-year investment of AUD 2.5 million in the following funds:
● Venture capital and growth private equity funds
Venture capital and growth private equity funds of at least A$500,000 to invest in start-ups and small private businesses
● Emerging companies
Approved managed funds of at least A$750,000 to invest in emerging companies listed on the Australian Securities Exchange
● Balanced investment
Make a balanced investment of at least A$1.25 million in managed funds that may invest in a range of assets, including ASX-listed companies, Australian corporate bonds or notes, annuities and commercial real estate
Fund companies can invest in a range of assets including ASX-listed companies, Australian corporate bonds or notes, annuities and commercial real estate. But not direct investment in residential real estate. And investments in fund companies cannot be used as guarantee or collateral for loans.
6. Residency requirements
Have lived in the state or territory where the applicant makes the investment application for at least 2 years.
For details, please see:
Australian investment immigration residence time requirements and exemption requirements during the epidemic
Meet the requirements of NSW for 188B applicants
personal background
Under the age of 50, and have (meet one of the following requirements):
1. An Australian recognized postgraduate qualification (bachelor degree); or
2. 5 years of successful investment history in the past 10 years; or
or
4. In the past 10 years, have more than 5 years of business experience in non-New State target areas
Invest in NSW
To be eligible for NSW nomination, applicants must demonstrate that their complying investment will contribute to the NSW economy
Before applying for the 888 permanent residence visa, the applicant’s investment must meet the following conditions:
1. Venture capital and growth private equity investment
At least 50% of your venture capital portion ($250,000) must be invested in:
● venture capital funds investing in start-ups and NSW SMEs, or
● Venture capital limited partnership seeking investment in NSW.
2. Emerging companies
At least 50% (A$375,000) of the emerging company investment must be invested in a New South Wales-based emerging company listed on the Australian Securities Exchange.
3. Balance investment
At least 50% of the balanced investment ($625,000) must generate income for NSW. This can be reflected in:
● the fund has an office in NSW; or
● the underlying investment business is headquartered in NSW; or
● The business activity of the underlying investment brings economic benefit to NSW
Residency requirements
Must commit to living in NSW and contributing to NSW through investment activity.
Business Selection System EOI Points
Business selection system EOI score is no less than 65 points, and those with the following points will be given priority:
1. Investment experience (at least 4 years of investment experience not less than 100,000 Australian dollars or at least 7 years of investment experience not less than 100,000 Australian dollars);
2. 35 financial asset points (up to A$2.25 million);
3. Possess any one of the following business innovation qualifications:
● Proof of registered patent or registered design for more than 1 year;
● Proof of registered trademark for more than 1 year;
● Proof of formal joint venture agreement of more than 1 year:
● Export trade certificate (exports account for 50% of sales for two years within four years):
● Proof of owner’s equity of Gazelle Enterprise (the company has been established for no more than 5 years, has an annual growth of more than 20%, and has at least 10 employees for at least one year)
● Proof of government incentives or venture capital financing
NSW target industries (target sectors)
Sydney region (in no particular order)
1.Advanced manufacturing
Advanced manufacturing industry
2. Food and beverage manufacturing
Food and beverage manufacturing
3.Agricultural technology
Agricultural Technology
4.Aerospace and defense
Aerospace and Defense
5.Renewable energy and sustainability
Renewable energy and sustainable development industry
6.Emerging digital technology
Emerging Digital Technologies
7.Cyber security
cyber security
8.Medtech
medical technology
Regional NSW (in no particular order)
In addition to the above 8 industries, the following 3 industries are added:
1. Technology-enabled primary industries
The primary industry driven by science and technology (agriculture, forestry, animal husbandry, fishery)
2. Critical minerals
Critical Mining Industry
3. Recycling and waste management
Recycling and Waste Management
State nomination application fee
Application within Australia: A$902 (including goods and services tax)
Application outside Australia: A$820 (no GST required)
New South Wales 188C/888C investment immigration
NSW Significant Investor Stream
Meet immigration department requirements
1. Requirements for investing in Australia
Invest A$5 million over three years in the following funds:
● Venture capital and growth private equity funds
Venture capital and growth private equity funds investing at least A$1 million in start-ups and small private businesses
● Emerging companies
Approved managed funds investing at least A$1.5 million in emerging companies listed on the ASX
● Balanced investment
Balanced investments of at least A$2.5 million in managed funds that may invest in a range of assets, including ASX-listed companies, Australian corporate bonds or notes, annuities and commercial real estate.
Fund companies can invest in a range of assets including ASX-listed companies, Australian corporate bonds or notes, annuities and commercial real estate. But not direct investment in residential real estate. And investments in fund companies cannot be used as guarantee or collateral for loans.
2. Residency requirements
Have lived in the state or territory where the applicant is applying for investment for at least 2 years
Meet NSW’s requirements for 188C applicants
Personal background:
No age requirement, no scoring requirement
Invest in NSW
To be eligible for NSW nomination, applicants must demonstrate that their complying investment will contribute to the NSW economy
Before applying for the 888 permanent residence visa, the applicant’s investment must meet the following conditions:
1. Venture capital and growth private equity investment
At least 50% of your venture capital portion ($500,000) must be invested in
● venture capital funds investing in start-ups and NSW SMEs, or
● Venture capital limited partnerships seeking investment in NSW
2. Emerging companies
At least 50% (A$750,000) of the investment in emerging companies must be invested in emerging companies headquartered in New South Wales and listed on the ASX
3. Balance investment
At least 50% of the balanced investment ($1.25 million) must generate income for NSW. This can be reflected in:
● the fund has an office in NSW; or
● the underlying investment business is headquartered in NSW; or
● The business activity of the underlying investment brings economic benefit to NSW
Residency requirements
Must commit to living in NSW and contributing to NSW through investment activity
For details, please see:
Australian investment immigration residence time requirements and exemption requirements during the epidemic
State sponsorship application fee
Application within Australia: A$902 (including GST)
Application outside Australia: A$820 (no GST required)
New South Wales Class 188E Investment Immigration
NSW Business Entrepreneur Stream
Meet immigration department requirements
1. Applicants must be under 55 years old (when invited)
2. Applicants must meet the following conditions:
Applicants must be engaged in or intend to engage in business activities that comply with regulations in Australia. And there must be a genuine intention to continue the activity. Qualifying business activities must be related to innovative ideas and:
● Commercialization of innovative products or innovative services in Australia, or
● Develop innovative enterprises or innovative businesses in Australia
This commercial activity must not be associated with any of the following categories:
● Residential real estate
● Labor employment
● Purchase an existing business or franchise in Australia
3. IELTS 4 6 or equivalent English score.
Meet the requirements of NSW for 188E applicants
Applicants’ projects must have been accepted by a NSW Innovation Business Accelerator or Innovation Business Incubator. Business accelerators and incubators include but are not limited to:
● Stone and Chalk
● The Studio
● 25fifteen
● Cicadalnovations
● BlueChilli
● Fishburners
● Future Transport Digital Accelerator
● Microsoft ScaleUp Program
● Caltex C-lab
● Tank Stream labs
● The Founder Institute
third party funds
Applicants must demonstrate sufficient funding from an approved institution to complete the applicant’s innovative project
Approved institutions include:
● Federal government agencies
● New South Wales government agencies
● Publicly funded research or innovation organizations
● Higher education institutions
● Register as an investor in an Australian Venture Capital Limited Partnership or an Early Stage Venture Capital Limited Partnership
business plan
The business plan must clearly demonstrate how your innovative idea will benefit New South Wales, how you intend to commercialize the innovative product or service, and how you intend to grow the business or business.
In addition, the business plan must clearly demonstrate that the applicant already has:
● Complete a proof of concept (e.g. customer interviews, surveys or focus groups)
Potential business customers (B2B) or business channel market (B2C)
● Scalable solution that can be deployed to multiple customers
● Intellectual property or commercialization rights
Residency requirements
Must commit to reside in New South Wales and contribute to New South Wales through investment activities. And the business in the business plan must:
● is headquartered in New South Wales, and
● have a NSW registered ABN
Summary of Australian Study Abroad Immigration Service Center
Obviously, the changes in NSW’s investment immigration policy this fiscal year are in line with Victoria’s investment immigration reform policy earlier this year. Including requirements for academic qualifications, age restrictions, and the introduction of target industries. The purpose of this reform in NSW is very clear:
● Raise entry barriers (highly educated or experienced business elites);
● Support the industries planned in NSW to improve the overall economic performance and competitiveness of NSW.
For investment immigration, the vast majority of NSW applicants are eligible. Except for the impact of the epidemic, this reform has little impact on the target population of NSW investment immigration. Only whether to invest in the target industry will limit the investment target of the investor. But it does not mean that you can only invest in companies in the target industry. Other industries can still invest, but the review standards will be improved and stricter.
The Australian Study Abroad Immigration Service Center has always maintained a high pass rate of 100% approval for Australian investment immigration, and basically maintained a state guarantee in about 1 day. If you intend to immigrate by investment in Australia, or have any questions, please scan the QR code below and we will answer you at any time.
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