NSW‘s official website has updated the investor migration requirements for the 2021-22 financial year. This article focuses mainly on the category that has drawn the most attention,188A as well as the category that has attracted more interest since the new financial year lowered its requirements188E.
Investor migration quotas
Like state-nominated skilled migration, investor migration also requires first meeting the federal government’s minimum points and other requirements before receiving an invitation from the state government, after which the visa application is lodged. Each state has its own quota, and this financial year’s quotas are unchanged from last financial year — the largest remain NSW and Victoria, with 2,200 and 1,750 places respectively, followed by Queensland with 1,400 and South Australia with 1,000. These states also remain the most popular choices for settlement and investment.
NSW Subclass 188A
Last financial year, in-demand Victoria substantially raised its state nomination requirements for Subclass 188A, and this financial year, equally in-demand NSW has followed suit. For the 2021-22 financial year, NSW investor migration, including Subclass 188A, will open for applications on 21 September 2021.
Personal requirements for applicants:
– 3 years of business experience within the past 10 years related to the applicant’s target NSW industry,
– 5 years of non-business experience within the past 10 years, not necessarily related to the target NSW industry;
– An EOI score of at least 65 points
*Applicants who gain 15 bonus points through business experience, or bonus points for entrepreneurial/innovation credentials, will be given priority
(Investor migration also has its own separate points table — contact us for a preliminary assessment)
Personal asset requirements:
For investment in the Sydney region, applicants need a total of AUD 1.75 million in combined personal and business net assets;
for investment in other regional areas of NSW, a total of AUD 1.25 million in combined personal and business net assets is required.
– Advanced manufacturing
– Food and beverage processing
– Agricultural technology
– Aerospace and defence
– Renewable energy and sustainability
– Emerging digital technology
– Cybersecurity
– Medical technology
– Technology-driven primary industries
– Strategic minerals
– Recycling and waste management
Newstars analysis
Enough said — get ready to secure your place!
Tomorrow night — new NSW investor migration policy!
Starting soon!
— Key parts of the policy changes
— Applicants most affected
— How those already preparing should respond
— Where should interested applicants pivot to?
— What are the other states’ policies?
2 September 2021, 20:00
(Beijing time: 18:00)
Press and hold the QR code below, and note: Star Lecture Hall
Apply to join the group!
Success stories
Newstars Group’s Australian and China-based teams have extensive experience and a strong track record of success with investor migration applications. Notably, many of these successes came around the time of policy changes, with clients seizing the window of opportunity or catching the last train under the old policy before it changed, to secure approval — cases span NSW, as well as Queensland, South Australia, Tasmania and other states.
NSW Subclass 188A — catching the last train, preparation began in May this year. To help the client catch the last train before the policy changed, the entire investor migration team, led out of Sydney, completed the full process in just one month — assessment, document collection and review, audited property valuation, tailored strategy design, and application drafting and lodgement — finally securing the client’s ticket into the Subclass 188A application before Sydney went into lockdown!
Another point for the importance of efficiency and professionalism, racing to beat the lockdown in metropolitan NSW at the time, we helped the client expedite the Subclass 188A submission, locking in the last-train lodgement before the new financial year’s policy change. The applicant had an international student background, and drawing on hands-on experience gained after arriving in Australia, ultimately won the state government’s approval!
Queensland Subclass 188A invitation, formally receiving the invitation just before the financial year’s quota was exhausted — a case for the importance of early preparation and securing a place in time!
Also, catching the financial year’s last train, Mr G successfully received a Queensland Subclass 188A state nomination invitation, locking in a place unaffected by the policy change.Mr G approached Newstars’ Beijing office for an assessment as soon as Queensland’s state nomination opened. Preparation began soon after signing, and we expedited his submission — together, we successfully secured his place!
Queensland — another category, Subclass 188B invitation, at 65 points!
South Australia Subclass 188A invitation, a relatively tedious and complex process, but with professional guidance, the client received a successful invitation smoothly throughout!
A Tasmania Subclass 188A place secured on the very last day of the financial year, landing just after the federal government’s new financial year policy changes took effect on 1 July!
NSW Subclass 188E
In addition, Subclass 188E — which under the new federal policy no longer requires compliant third-party investment — has suddenly become more difficult in NSW. Firstly, an incubator is required; secondly, the state government requires compliant third-party investment to be obtained.
The applicant’s start-up project must be recognised and accepted by an NSW start-up accelerator programme or start-up incubator, such as the following organisations:
-Stone and Chalk
-The Studio
-25fifteen
-Cicada Innovations
-BlueChilli
-Fishburners
-Future Transport Digital Accelerator
-Microsoft ScaleUp Program
-Caltex C-lab
-Tank Stream Labs
-The Founder Institute
The business plan must set out how the innovative concept will benefit NSW and how the product or service will be commercialised, and must demonstrate a foundation for delivery, a potential market or customer base, an expansion plan, and so on.
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