Business migration to NSW
New South Wales (NSW) has a dynamic business environment that is truly world class. With our growing economy, the opportunities here are abundant making NSW the top destination in which to launch your future.
NSW has a diverse economy and a stable and low-risk business environment that is supported by world's best-practice financial and legal systems. Major investments in infrastructure such as roads and public transport are further boosting growth and improving services that support business in our state.
Supporting business migrants
There is no better time to make the move and take advantage of the abundant opportunities available in New South Wales. The NSW Government welcomes business migrants who plan to set up a business or invest in NSW.
To ensure NSW remains a competitive business migration destination, we are continuously improving our business migration program.
These improvements are aligned with the NSW Government's approach to economic development that focuses on enablers of growth and the state's priorities of:
- making it easier to start a business in NSW and
- encouraging business investment.
Update October 2016 – Entrepreneur visa
NSW Department of Industry is pleased to release the NSW nomination criteria for the Entrepreneur visa, a new stream under the Business Innovation and Investment program. As Australia’s capital of innovation,
Visit Visa categories and nomination criteria for more information on our commitment to make Sydney and NSW the preferred destination for business and investor migrants, including potential Entrepreneur visa applicants.
Industry engagement program
On Monday 23 May 2016 we launched a new industry engagement program aimed at showcasing Sydney and NSW’s business and investor opportunities. The initiative promotes the business economy, education, healthcare and lifestyle benefits of moving to Australia’s premier state.
An exciting fresh video and print collateral, including a pilot roadshow to China, brings the program to life and demonstrates Sydney and NSW’s appeal to key migration industry stakeholders and business, entrepreneur and investor migrants.
Removal of 'excluded industry sector'
From 1 January 2016, we removed the "excluded industry sector" criteria related to Sydney business set up options from NSW business visa nomination requirements.
Shorter processing times
From 29 August 2016, we implemented a shorter processing time for the Business Talent (Permanent) visa (subclass 132). We now allocate a relationship officer to your case within 24 business hours of receiving your application. For complete applications, we will advise of an outcome within five (5) business days.
NSW reserves the right to assess the applicant’s genuine and realistic commitment to conduct their proposed business activity in NSW. Processing times will be longer when time is needed to assess this.
Easy-to-use application form
Effective 1 March 2016, applicants seeking NSW nomination for the 188A visa are able to apply with a new easy-to-use application form that replaces the "Business Commitment" document previously required with the NSW nomination application. The new form has straightforward questions that ask the applicant to provide an overview of their proposed business intentions in NSW.
The new form does not remove the requirement for 188A nominees to set up a business in Sydney and/or Regional NSW, but removes some of the unnecessary paperwork in the early stages of the application process. Applicants who are granted a visa and migrate to NSW are required to update the NSW Department of Industry of their business activity within 12 months of moving to NSW. Find out more here.
Business Innovation and Investment (BIIP) Visa
NSW nominates suitable applicants to apply for a Business visa under the Department of Immigration and Border Protection's (DIBP) Business Innovation and Investment Program (BIIP). To be eligible for NSW nomination you must meet the NSW nomination criteria and DIBP visa criteria.
The Business Innovation and Investment visa program is a two stage process for most applicants.
- The Business Innovation & Investment (Provisional) visa (subclass 188) is valid for four years and will allow you to move to NSW to undertake business or investment activity.
- The Business Innovation and Investment (Permanent) visa (subclass 888) is a permanent visa that you can apply for after you have fulfilled the requirements of your provisional visa.
The Business Innovation and Investment Program has five streams:
- The Business Innovation stream is for people who wish to own and manage a new or existing business in Australia.
- The Investor stream is for people who wish to make a designated investment in an Australian state or territory and want to maintain business and investment activity in Australia after the original investment has matured.
- The Significant Investor stream is for eligible applicants who are willing to invest at least AUD5 million into complying investments in Australia.
- The Premium Investor stream is for eligible applicants who have been nominated by Austrade.
- The Entrepreneur stream is for people who wish to undertake a complying entrepreneurial activity that leads to either the commercialisation of a product or service, or development of a business in Australia.
Business Talent (Permanent) (subclass 132) visa
This permanent visa has two streams:
- The Significant Business History stream is for owners or part owners of a business who want to have a major management role in a new or existing business in Australia.
- The Venture Capital Entrepreneur stream is for people who have obtained at least A$1 million in funding from an AVCAL approved Australian venture capital firm for the start-up, product commercialisation or development of a promising high-value business idea.
NSW Department of Industry does not provide a migration assistance service. Applicants seeking migration advice may wish to engage a Migration Agent. Applicants who engage a migration agent should ensure the agent is registered with the Office of the Migration Agents Registration Authority.