NSW makes it easier for migrants to do business in Sydney
11 December 2015
From 1 January 2016, the NSW Department of Industry will remove the "excluded industry sectors" criteria from NSW business visa nomination requirements.
The 'excluded industry sector' criteria restricted the type of businesses that business migrants could set up in Sydney only. This 'excluded sectors' requirement did not apply for businesses in Regional NSW.
By implementing this change to the business visa criteria, the Department of Industry aims to attract more business migrants who produce goods and services to all areas of NSW.
Attracting more business migrants
By removing the criteria and making this change, we aim to attract more business migrants who provide goods and services to all areas of NSW.
The business migration program plays an important role in making NSW a globally attractive location to live, learn, work, invest and to produce goods and services. The new and improved criteria will support the aim of the NSW migration program to create jobs, boost productivity and strengthen the economy.
A better change for growth, investment and jobs
The proposed change is aligned with the NSW Government's approach to economic development that focusses on enablers of growth and the state's priorities of
- making it easier to start a business in NSW and
- encouraging business investment.
The sectors previously excluded are:
- Cafes & Restaurants; Takeaway Food Services; Supermarket & Grocery Retail Stores; Fruit & Vegetable Retailing; Specialised Food Retailing; Newspaper & Book Retailing; Clothing Retailing; Footwear Retailing; Other Personal Accessory Retailing; Houseware Retailing; Manchester & Other Textile Goods Retailing; Other Electrical & Electronic Goods Retailing.
There are four business visas that have an excluded sector criterion listed in the NSW nomination requirements:
- Business Innovation and Investment Program (BIIP) Provisional visa - subclass 188 Business Innovation Stream
- Business Talent visa - subclass 132 Significant Business History Stream
- BIIP Permanent visa - subclass 888 Innovation Stream
- State/Territory Sponsored Business Owner visa – subclass 892
When this comes into effective on 1 January 2016, the new business nomination requirements for the above visas will treat all sectors equally and further encourage investment and job creation in all areas of NSW.
Updated forms and more information
From 1 January 2016, the updated nomination requirement and application forms will be available on our website.
For more information or to set up a meeting with one of our multilingual Business Migration Relationship Officers, contact us:
- email: email@example.com
- phone: +61 (2) 9934 0704 (9:00am – 5:00pm AEDT Monday to Friday)