Stay home. Save lives. www.coronavirus.tas.gov.au

Migration Tasmania

for business and skilled migrants

Tasmania has amazing premium food and produce that greatly contributes to the success of my restaurant and food trailer business.

Markus Schultz

Subclass 132 - Business Talent

Overview

The Tasmanian Government actively supports the establishment and relocation of businesses to the state. It recognises the significant contribution business and skilled migrants make to Tasmania’s economic growth and cultural diversity.

The Business Migration Program aims to attract people with a demonstrated record of business or investment activity who want to operate and invest in a business in Tasmania.

Business Talent subclass 132 visa provides immediate permanent residency for high-calibre business owners. There is no points test for this visa.

There are two streams:

The Significant Business History stream is designed for high-calibre business owners who want to undertake significant business activity of significant economic benefit to Tasmania. The 132 Significant Business History visa has a Department of Home Affairs review after two years.

The Venture Capital Entrepreneurs stream is for people who have obtained at least AUD$1 million in funding from an Australian venture capital firm to commercialise a product or develop a high value idea in Australia that are of significant economic benefit to Tasmania.

Eligibility

Business Talent subclass 132 visas is a permanent resident visa for successful business owners who want to establish a new or develop an existing business in Tasmania, or for people who have obtained funding from an Australian Venture Capital firm to be used in a Tasmanian project.

The Significant Business History and Venture Capital Entrepreneur streams both require Tasmanian Government nomination.

The Significant Business History stream is for high-calibre business owners who want to do business in Australia.

Applicants must fulfill all Department of Home Affairs requirements. Some key eligibility criteria are:

  • an annual business turnover of at least AUD$3 million in your existing business
  • more than 10% ownership of a publicly listed company or more than 30% ownership of a business with more than $400 000 turnover or 51% ownership of a business less than $400 000 turnover
  • transferable assets of more than AUD$1.5 million
  • age under 55 (unless approved by the Tasmanian Government if your proposed business will be of exceptional benefit to Tasmania).

Venture Capital Entrepreneur stream is for people who have sourced at least AUD$1 million venture capital funding from a member of the Australian Venture Capital Association Limited (AVCAL).

Applicants must have:

  • at least AUD$1 million in funding from an Australian venture capital firm to be used in a Tasmanian project.

Nomination Criteria

Migration Tasmania is seeking interest from high calibre business investors who can make a significant contribution to Tasmania’s economy. You must show how your business proposal aligns with some of the following key attributes:

  1. Investment in a regional area (which generally excludes Hobart CBD and suburbs)
  2. Generation and/or retention of local jobs for Tasmanians.
  3. Investment in key sector/s that will benefit Tasmania’s economy which may include:
  • Aquaculture, Agriculture and Agribusiness
  • Minerals and Mining
  • Forestry and Timber
  • Antarctic and Marine Science
  • Information and Communication Technology
  • Creative Industry
  • Community Infrastructures that enhance a region’s liveability
  • Renewal Energy
  • Bio Renewal/Waste Recycle
  • Food production
  1. Generation of significant flow-on opportunities for other sectors and/or economic growth
  2. Partnership with at least one Tasmanian business partner who is a permanent resident or an Australian citizen
  3. Transfer of new capital investment
  4. Expansion of trade in Tasmanian goods and/or services
  5. Development of export markets for Tasmanian products or replacement of imports
  6. Introduction of new skills, expertise, technologies or innovations that are currently unavailable in Tasmania
  7. Environmentally sustainable initiatives that builds on Tasmania’s established environmental principles

Significant Business History Stream

  • Must be able to meet the Department of Home Affairs visa requirements
  • Business proposition must demonstrate a genuine benefit to Tasmania and display some of the key attributes of a high quality business proposition listed above.
  • Must be a high-calibre business owner or part-owner, with a history of successful business management activity
  • Have skills and background that will make an ongoing positive contribution to the state
  • Must have entered into an agreement with an actively operating Tasmanian business to invest at least $2 million into a Tasmanian business or investment opportunity; or propose an investment of at least $2 million into a new or existing business that will have significant economic benefits for Tasmania.
  • Must genuinely intend to live in Tasmania permanently and continue to contribute to Tasmania
  • Must demonstrate how the applicant will undertake senior level day-to-day and strategic management of the business.
  • Have sufficient personal funds, to settle in Tasmania

Venture Capital Entrepreneur Stream

  • Must be able to meet the Department of Home Affairs visa requirements
  • Business proposition must demonstrate a genuine benefit to Tasmania and display some of the key attributes of a high quality business proposition listed above.
  • Must genuinely intend to live in Tasmania permanently and continue to contribute to Tasmania
  • Must hold the rights to an innovative idea, product or technology that requires additional funding in order to advance its commercial potential.
  • Must have entered into an agreement with a venture capital firm to obtain at least $1 million in funding
  • Must have a realistic commitment to maintain a substantial ownership interest in the business and maintain direct and continuous involvement in that business.
  • Must have a realistic commitment to maintain a substantial ownership interest in the business and maintain direct and continuous involvement in that business.
  • Must have sufficient funds to settle in Tasmania

Apply

  1. Ensure you meet all the requirements set out by the Department of Home Affairs. Refer to the details here.
  2. Ensure you meet the Tasmanian Government nomination requirements (see Nomination Criteria tab).
  3. You can apply by sending the completed 'intention to apply' form (and a completed 956 form if using an agent) to business@migration.tas.gov.au
  4. Applicants will only be contacted if we are interested in considering their application further.
  5. Applications selected for further consideration will be requested to provide a brief business plan with evidence to demonstrate their capacity to invest and deliver on commitments
  6. See Document Checklist tab for details on what you may be asked to provide.
  7. You will need to provide evidence to show how you meet the Department of Home Affairs visa requirements.
  8. You may be asked to attend an online interview to provide further information on your business proposition.
  9. If you are successful, lodge an EOI through SkillSelect then provide Migration Tasmania with the EOI reference number so they can confirm your nomination.
  10. You have 60 days to lodge your application with Home Affairs. State nomination does not guarantee a visa will be granted.
  11. It is recommended that applicants obtain independent and professional legal and financial advice before investing or undertaking business activity. Applicants are encouraged to engage a registered migration lawyer/agent to assist in the application process.

Common questions

Do I need to use a migration agent when applying for state nomination?

It is an individual choice whether to use a migration agent. If you are confident with the process, clear on how to fill in the necessary forms and have the correct documentation for your application, you may choose to do it yourself. It also depends on what program you are applying under and the complexity of the process.

Often businesses migrants choose to use agents because they are more confident employing a professional who understands migration law and has experience in completing the paperwork.

To find a registered migration agent, go to www.mia.org.au or www.mara.gov.au

How much does it cost to apply for state nomination for a business skills visa?

The Tasmanian Government does not currently charge a fee to apply for state nomination for a business visa.

What if I need an age waiver and/or special endorsement?

Generally, applicants seeking “age waiver” for exceptional economic benefit or 10 point special endorsement for unique and important benefit must demonstrate that the proposed business or investment is of unique and important benefit to Tasmania.

In particular, it must be substantially different or innovative compared with existing businesses, or allow Tasmania to gain some significant competitive advantage that it does not currently have, or that the applicant has exceptional qualifications and experience linked to the business (i.e. the business cannot proceed without the person).

Document checklist

Should your application be considered further, you may be asked to provide the following supporting information:

Significant Business History Stream

  • Business plan detailing claims made in your Invitation to Apply form.  Your Business plan should also include:
    • details of any financing
    • research and study into proposed business area, including target market, opportunities, barriers, licensing and registration, expected commencement and completion dates, contacts with potential suppliers / collaborators and other relevant individuals and organisations, explanation of your role in the proposed business area, evidence of arrangements on share of ownership, and details of any previous exploratory visits to Tasmania
  • Financial statements for the two years prior to application
  • Resume/Curriculum Vitae of the applicant; and summary of successful business career
  • Documentary evidence of business involvement - such as organisation charts; photographs of business, internet presence
  • Evidence of current overseas business activity and ownership share e.g. recent financial statements, business registration
  • A current Department of Immigration and Border Protection form 1139A - Statement of Assets and Liabilities Position (or similar document)
  • A copy of a passport bio page for main applicant and dependents
  • If you are using a migration agent: completed and signed Department of Home Affairs form 956 Advice by a migration agent/exempt person of providing immigration assistance’.

Venture Capital Entrepreneur Stream

  • Business plan with details of proposed area of business detailing claims made in your Invitation to Apply form
  • Evidence of a funding agreement with a Venture Capital member of the industry body The Australian Private Equity and Venture Capital Association Limited (AVCAL).
  • Copy of business proposal provided to AVCAL member
  • Personal CV
  • Evidence of rights to an innovative idea, product or technology (e.g. statement of history of developing the idea, patents, intellectual property, trademarks or other supporting documentation)
  • A current Department of Home Affairs form 1139A - Statement of Assets and Liabilities Position (or similar document)
  • A copy of a passport bio page for main applicant and dependents
  • If you are using a migration agent: completed and signed Department of Home Affairs form 956 Advice by a migration agent/exempt person of providing immigration assistance’.