Business Migration Process

Business Migration Update
September 16, 2020

Business Migration Update

Nomination by a state or territory government is mandatory for all visas in the Business Innovation and Investment Program (BIIP) except the Significant Investor and Premium Investor visas. After a long delay, the department of Home Affairs has provided all states and territories with an interim allocation of BIIP visas nomination places to be used up until the Federal Budget on 6 October. In addition, holders of a Business Innovation and Investment visa subclass 188 have been exempt from the inbound travel restrictions and can now enter Australia.

Australia Business Migration Update

Nominations Status

Most states have resumed processing BIIP applications but priority will be given to those that directly contribute to the COVID-19 health response and the post-pandemic economic recovery. The status of the states and territories nomination programs is shown below and is based on the latest updates published by the respective nominating authorities.

Australian Capital Territory
ACT business migration program is open, but prospective applicants need to demonstrate that their proposed business activities will have economic benefit in the post pandemic recovery phase.
New South Wales
NSW BIIP program is open but nominations will be by invitation only. Potential applicants need to have a valid Expression of Interest in SkillSelect with ‘NSW’ chosen as their preferred state.
Northern Territory
Onshore and offshore BIIP nomination applications are accepted and assessed. However, MigrationNT has not made any announcements yet regarding interim nomination process.
Queensland
The BSMQ business migration program remains closed.
South Australia
The South Australia’s BIIP program is open with no substantial changes to the existing nomination criteria. Prospective applicants need to submit an Intention to Apply form and provide additionally requested information to the South Australia’s Department for Innovation and Skills.
Tasmania
Tasmania’s BIIP program is open. Prospective applicants need to complete an Intention to Apply form, providing details of their background, business experience and plans. Selected applicants will be invited to provide further details, including a brief business plan and evidence of required investment funds.
Victoria
Victoria’s BIIP program is open. Eligible applicants must submit a Economic Recovery – Business Investment and Support form together with all other required documents.
Western Australia
The WA nominated business migration program remains suspended.

Allocation Numbers

The interim numbers of primary applicant invitations allocated by the federal government to BIIP programs in each state and territory are shown in the following tables.

Visa Subclasses 132 & 188
  • ACT – 4
  • NSW – 200
  • NT – 5
  • QLD – 160
  • SA – 180
  • TAS – 5
  • VIC – 400
  • WA – 70

The final size and shape of the 2020-2021 state and territory nominated programs will be announced when the Federal budget is handed down on 6 October. The COVID-19 pandemic has significantly changed the economic environment and affected all migration policies. But targeted business migration program is expected to remain in place and play an essential role in the Australian economic recovery

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