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Immigration update: Australia announces visa changes and tougher rules for business migrants – SBS

The Australian Government has announced that it will be slashing business and investment visa streams from the existing nine categories to four, to support Australia’s…

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The current Business Innovation and Investment Program (BIIP) includes three visas and nine streams for applicants who have a demonstrated history of success or talent in innovation, investment and business.
These streams will now be cut back to four – Business Innovation, Entrepreneur, Investor, and Significant Investor, as part of the Morrison Governments latest visa reforms aimed at bolstering foreign investment critical to the country’s economic recovery, as it strives to shake off the impact…

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