Sydney and New South Wales. Your future starts here. NSW Business - - PowerPoint PPT Presentation

Dominica Nelson Suzanne Gillham

Director Senior Manager NSW Department of Industry NSW Department of Industry

Sydney and New South Wales. Your future starts here. NSW Business & Investor Migration

Agenda

• Welcome
• About us
• Opportunities in New South Wales

– Economy – Education – Chinese community – Lifestyle – Regional New South Wales

• Business & Investor Migration Pathways

– Visa pathways – How to apply

• Questions

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New South Wales (NSW): Open for business

NSW Welcomes Business & Investor Migrants

• NSW Business & Investor Migration Program:

– Benefits NSW economy – Recent improvements:

• Revised visa nomination criteria
• Streamlined and simplified application process
• Faster processing times
• Introduced relationship management approach

– Our customers are our priority

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Our priorities

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Attract Facilitate Lead Streamline

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Strong economy

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Strong economy

• NSW economy is robust and secure:

– the largest, most diverse state economy (NSW economy produces A$492 billion in goods and services) – larger than Thailand, Malaysia, Singapore and Hong Kong SAR

• NSW is a major global and Asia-Pacific business hub
• Sydney is Australia’s only global city
• Stable and business-friendly environment
• Unique business and investment opportunities in Sydney and

Regional NSW

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Vibrant investment environment

• There has never been a better time to invest in NSW

– NSW Government committed to a A$68.6 billion infrastructure program, 2018-2019 – 64% of Australia's tech start-up companies are based in NSW – 53% of the working-age population has a tertiary qualification – 52 international banks with operations in Australia choose Sydney as their local headquarters – NSW produces A$7.3 billion in annual agriculture & food exports

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Barangaroo Reserve, Sydney

NSW values our China relationship

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World class education

• Sydney and NSW offers international students a world-class

education, and opportunities to gain valuable work experience

• Top universities with world Top 100 rankings
• More than 57,000 Chinese students study in NSW every year
• The NSW Government values international students
• NSW Government established StudyNSW to support

international students in NSW

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University of Sydney

Thriving Chinese community

• NSW is home to a vibrant Chinese community - around 50% of

Chinese people living in Australia call NSW home

• Sydney is home to the largest Chinese population in Australia
• Chinese is the largest non-English language spoken in Sydney
• Sydney has the biggest Chinese New Year festival outside of

China

• We are connected by easy travel and communication:

– more than 41 direct flights from China to Sydney a week – similar time zone

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Chinese New Year Celebrations, Sydney

Vibrant lifestyle

• NSW lifestyle is similar to that of United Kingdom, Western

Europe and North America

• Sydney offers a secure environment for families with excellent

healthcare, education and telecommunications

• Sydney’s cultural diversity has produced a society that is

creative, open and friendly

• Warm climate, clean air and fresh food

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Sydney Harbour

Regional NSW

• NSW Government is committed to build and grow Regional NSW (non

capital city)

• Rich in natural resources with strong agriculture and mining sectors
• Dynamic range of industries: manufacturing, energy, tourism and

service sectors

• Our regions offer many lifestyle advantages including a relaxed way of

life and friendly communities

• We encourage business & investor migrants to consider Regional NSW
• Flexible nomination requirements for applicants who will set up their

business and move to our regions

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Hunter Valley, Regional New South Wales

NSW Business & Investor Migration program

NSW welcomes Business, Investor & Entrepreneur migrants

• NSW Business & Investor Migration Services team’s focus

– Attract high quality business and investor migrants to NSW – Provide easy & straightforward state nomination process – Provide excellent customer service – Establish and grow long-term relationships with nominees – Provide business and investor migrants with access to information and networks to facilitate success in NSW

• Our Relationship Officers will support you through your

migration journey

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NSW Migration Pathways

• Operate under the visa structure of the Australian Government

(Department of Immigration and Border Protection)

• Three categories:

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Visa Program Visa streams Residence type Business Innovation and Investment visa (188/888)

• Business Innovation
• Investor
• Significant Investor

Provisional with pathway to permanent Business Talent visa (132)

• Significant Business

History

• Venture Capital

Entrepreneur Permanent Investor Retirement visa (405) Temporary

• Visa purpose: For established business people to own & run a business in NSW
• NSW criteria:

– Successful business background – Sufficient net business and personal assets – Sufficient turnover in a main business(es) – Intend to establish or participate in a qualifying business in NSW – Meet DIBP requirements (age, points test, other)

• Recent NSW improvements:

– All business sectors are now eligible – Removed requirement for Business Plan at nomination stage – Expanded range of acceptable documents

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Business Innovation & Investment Visa (188A)

Business Innovation & Investment Visa (188B)

• Visa purpose: for established business people/investors to invest in NSW
• NSW criteria:

– Demonstrated business or investment background – Invest A$1.5 million in NSW Treasury Corporation Bonds for 4 yrs – Have sufficient net assets – Meet DIBP requirements (age, points test, other)

• Recent NSW improvements:

– Expanded range of acceptable documents – Faster processing times

• Visa pathway: permanent residence possible after four years

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Significant Investor Visa (SIV)

• Priority migration program for NSW Government
• Most flexible SIV nomination policy in Australia
• NSW criteria:

– Meet DIBP requirements – no additional requirements

• Demonstrate at least A$5 million in assets
• Commit to investing at least A$5 million in complying investments

– Provide details of SIV investment

• NSW SIV commitment:

– Straightforward process - 24 hour nominations – Excellent customer service - dedicated Relationship Officer – Establish and grow long-term relationship with SIV nominees – Encourage further investment and business in NSW

• Visa pathway: permanent residence possible after four years

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Business Talent Visa (subclass 132)

• Priority migration program for NSW Government
• Visa purpose: for high-calibre businesspeople or entrepreneurs

with an established business plan

• NSW criteria:

Significant Business History Stream – Successful business background and sufficient funds – Own and participate in a business in NSW – Job creation and business investment requirements – Meet DIBP requirements (age, other) Venture Capital Entrepreneur Stream – VC funding of at least A$1m for eligible business – Sufficient net assets – Meet DIBP requirements (age, other)

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Business Talent Visa (subclass 132)

• Recent NSW improvements:

– All business sectors are now eligible – Priority processing

• 24 hour allocation of application
• 5 working day initial assessment
• Maximum 8 week processing time (for complete applications)

– Expanded range of acceptable documents – NSW Relationship Officer assigned to every NSW nominee

• Visa pathway: Permanent visa

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Investor Retirement Visa (405)

• Visa purpose: for people over 55 to live in NSW for up to 4 years/ visa
• NSW criteria:

– Meet DIBP requirements – no additional requirements including:

• Over 55 years
• Have sufficient net assets
• Access to sufficient net income
• Make Designated Investment in NSW Treasury Corporation

bonds (Sydney A$750K, Regional NSW: $A500K)

• Recent NSW improvements:

– Removed requirement to set up a business (removed 2013) – Faster processing times

• Visa pathway: Temporary visa only

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How to apply

NSW has one of the most simple and fast application process.

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Expression of Interest

• SkillSelect

Application for NSW nomination Visa Application

• Research eligibility

requirements

• Submit Expression of

Interest (EOI) in SkillSelect - the Department of Immigration and Border Protection (DIBP) system

• Complete application

form

• Provide supporting

documents (refer checklist on application form)

• Submit application to

NSW Migration Services team

• If nominated by NSW,

apply for visa with DIBP

• DIBP advises of visa
• utcome
• If successful, move to

NSW

• Advise us of your new

contact details

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Sydney Harbour

Conclusion

NSW proudly welcomes business & investor migrants

• We offer:

– A Relationship Officer to support you through migration journey – Efficient and fast application process – A clear and transparent policy – Responsive and fair service

• Keep in touch

– NSW Migration Management team – NSW Business & Skilled Migration newsletter – industry.nsw.gov.au/migration

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