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

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May 21, 2024

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.

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