Australia has always been a global destination for talent and innovation, drawing in leaders from various sectors around the world. With this goal in mind, the Department of Home Affairs has announced the launch of the National Innovation (subclass 858) visa, set to replace the existing Global Talent visa. Expected to commence by the end of 2024, this visa offers exciting new opportunities for high talent and broadens the pathway to residency in Australia.
What is the National Innovation (subclass 858) visa?
The National Innovation (subclass 858) visa is designed to attract a diverse range of talent with a proven record of excellence across a variety of fields. While it retains the subclass 858 designation, it brings in several enhancements and changes that make it distinct from its original.
Key application categories:
- Global Researchers and Thought Leaders: Those with a well-established reputation and high levels of citations or publications, and recipients of top-of-field awards.
- Entrepreneurs: Both established and emerging entrepreneurs are welcome, with lessons drawn from successful State and Territory initiatives that have fostered entrepreneurship.
- Innovative Investors: The focus here is on the quality of investments rather than merely meeting threshold requirements, aiming to attract impactful and forward-thinking investors.
- Athletes and Creatives: Exceptional individuals who represent Australia on the international stage will be prioritized, supporting Australia’s global presence in sports and the arts.
Key Features:
One of the standout aspects of the NIV is its invitation-only application process. This aligns with other invitation-only visa categories, allowing the government to select individuals who align with Australia’s growth and innovation goals. Here’s an overview of the main features of the NIV:
| Feature | National Innovation Visa (NIV) |
| Applicant Profile | Internationally recognised for exceptional talent |
| Visa Length | Direct to permanent residence |
| Sponsorship Requirement | Must be nominated via the approved Form 1000 |
| English Requirement | Functional English or second Visa Application Charge (VAC) |
| Age Limit | No age restrictions |
| Occupation Restrictions | None |
| Grant Availability | Programmed allocation each year, by invitation only |
The National Innovation (subclass 858) visa prioritises high-potential individuals without limitations on occupation or age, offering an attractive pathway directly to permanent residency. The removal of occupation restrictions makes it particularly appealing, as it allows applicants from a wide range of professional backgrounds to be eligible.
Applications for the NIV will be by invitation only, with an Expression of Interest (EOI) system. The Department of Home Affairs is working to streamline the EOI process, aligning it more closely with other invitation-based visas, ensuring a structured and efficient application experience. Once nominations open later in 2024, eligible applicants can expect a smooth process toward securing their visa.
Why choose the National Innovation (subclass 858) visa?
Australia’s new NIV will undoubtedly strengthen the nation’s competitive edge by attracting high-quality, globally recognised talent. For professionals who have achieved prominence in their fields and aspire to make a lasting impact, this visa offers an ideal pathway to both live and work permanently in Australia.
At Regional Migration Australia, we’re here to help you understand the opportunities presented by the National Innovation (subclass 858) visa and guide you through each step of the process. If you or someone you know fits the profile for this new visa, reach out to our team to discuss eligibility, the EOI process, and how you can be among Australia’s next wave of innovation leaders.
Disclaimer – Content in these articles does not constitute immigration or legal advice, it is not intended as a substitute for such advice and must not be relied upon as such. This material is intended to offer general guidelines for informational purposes only. The information provided is accurate as of the time of publication. Please consult with our Australian MARN registered agents via our content forms on our website or call on 1800 567 663 to make an appointment.
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