facebook
immigration consultant
Expert Knowledge, Seamless Immigration Advice.

Contact Us

Book A
Consultation

Call Us

Home - Important Update: Changes to the Business Innovation and Investment Visa Program

  • Ian Singer View Profile
    Director & Principal Registered Migration Agent (MARN 0001947)
  • May 21, 2024

Important Update: Changes to the Business Innovation and Investment Visa Program

Federal Budget Announcement 2024-2025

AustraliaMigrate would like to inform our clients and visitors about a significant update from the Australian Federal Budget for the financial year 2024-2025. The government has announced the removal of the entire Business Innovation and Investment Visa Program (BIIP). This means that the Business Innovation and Investment visas will no longer be available.

Key Details:

  • Program Cease Date: The Business Innovation and Investment Visa Program will officially cease operations. Details are to be confirmed.
  • Refunds Available: Visa application charges will be refunded from September 2024 for those who wish to withdraw their BIIP application (Budget paper 2, p 136).

Next Steps and Alternative Visa Options

At AustraliaMigrate, we understand that this change may impact many individuals and businesses planning to apply for a business visa. While the BIIP will no longer be an option, we are here to assist you in exploring alternative visa pathways.

How We Can Help:

  • Alternative Visa Options: Our experienced migration consultants can help identify other visa options that may be suitable for your circumstances.
  • Personalized Assessment: We offer personalized assessments to help you find the best visa strategy moving forward.
  • Consultations Available: Book a consultation with us to discuss your specific situation and get expert advice on your visa options.

Get Started:

We are committed to helping you navigate these changes and find the best possible solutions for your migration needs. If you have any questions or need further assistance, please do not hesitate to contact us.

Latest News

Health Insurance for Visa Holders in Australia: The 2026 Rules Explained

Summarise via AI:ChatGPTGeminiGoogle AICopilotWhy health insurance for visa holders matters now If you are an Australian visa applicant or visa holder, one detail can quietly cause big problems: your health …

Read More

Best Cities to Live in Australia (2026 Expat Guide)

Summarise via AI:ChatGPTGeminiGoogle AICopilotChoosing the best cities to live in Australia comes down to cost, climate, career and lifestyle. In 2026, three Australian capitals sit inside the world’s top 10 …

Read More

Student Visa Changes October 2026: What the New Subclass 500 Rules Mean for You

Summarise via AI:ChatGPTGeminiGoogle AICopilotWhat has changed, and why If you are studying in Australia or planning to, you have probably seen headlines about the student visa changes in October 2026. …

Read More

Subclass 494 Visa (Skilled Employer Sponsored Regional): Eligibility, Costs and Your PR Pathway in 2026

Summarise via AI:ChatGPTGeminiGoogle AICopilotWhat the Subclass 494 visa is, in plain English Regional Australia is one of the clearest routes to permanent residency for skilled workers, and the subclass 494 …

Read More
[instagram-feed feed=1]