National Innovation Visa (NIV)
The Australian Government is introducing a new National Innovation Visa (NIV), which will replace the current Global Talent Visa (subclass 858) by late 2024. This visa targets exceptionally talented individuals who can fuel growth in priority sectors across Australia.While the NIV will take over the Global Talent Visa, it will retain the subclass 858. It’s designed to attract a broad range of high-caliber talent from diverse backgrounds. Applications will be by invitation only, following an Expression of Interest (EOI) process similar to other invitation-based visas.
Advantages of transitioning from Entrepreneurial Immigration to Permanent Residency (PR):
Global Researchers & Thought Leaders: Those with published work in top journals, high citation rates, or recipients of top-field awards.
Entrepreneurs: Established and emerging innovators, with inspiration drawn from successful State and Territory-led initiatives.
Innovative Investors: Focus will be on the quality of investments, rather than meeting simple financial thresholds.
Athletes & Creatives: Especially those who represent Australia internationally.
Pathway: Direct permanent residency.
Application Requirement: Must be nominated and invited via an Expression of Interest (EOI).
English Requirement: Functional English or pay a second VAC.
Work Experience: No specific requirements, broad acceptance based on exceptional talent.
Age and Occupation Restrictions: Any age, with no occupation restrictions.
For Exceptional Talent: Open to diverse high-achieving individuals, including:
– Researchers and Thought Leaders: Recognized through publications, citations, or awards.
– Entrepreneurs: Both established and emerging.
– Innovative Investors: Emphasis on quality investments.
– Athletes and Creatives: Particularly those representing Australia internationally.
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