The Business Migration Program aims to attract and leverage investments from high calibre foreign investors to help drive Tasmania’s economic growth.
Business Innovation and Investor Program subclass 188/888 visa
If you are a successful business person and want to establish a business in Tasmania, manage a new or existing business, or invest in Tasmania, you can apply for a Business Innovation and Investor program visa, subclass 188. This is a two-stage visa program which provides a pathway to permanent residency on a subclass 888 visa.
Business Talent subclass 132 visa
Business Talent subclass 132 visa provides immediate permanent residency for high-calibre business owners. It is designed for high calibre business people who aim to have a major management role in establishing or developing a business in Tasmania, or for people who have obtained at least AUD$1 million in funding from an Australian venture capital firm to be used in a Tasmanian project. Applicants must be less than 55 years of age (unless approved by the Tasmanian Government if your proposed business will be of exceptional benefit to Tasmania).
Interim allocation of 188 and 132 nomination places
The Department of Home Affairs has issued an interim allocation of subclass 188 and 132 visa nomination places to states and territories. These allocations will be updated after the 2020-21 Federal Budget is handed down in October. The Department of Home Affairs has directed that until this time, every business nomination must be a high quality nomination application that support Australia’s COVID-19 recovery effort.
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