NSW Business and Skilled Migration update, clarifies NSW Complying investments for BIIP visas, defines ‘Headquartered in NSW’ and also notifies the closure of October submission window for subclass 491 visa.
The wording for the NSW investment framework for BIIP investors and significant investor streams has been updated to ensure that the funds are compliant. It includes the investment framework for:
1. Venture capital and growth private equity investment
2. Emerging companies investment
3. Balancing investment
NSW also defined Headquartered in NSW as having an ABN registration address in NSW, a sufficiently significant proportion of the company’s overall activities are in NSW as to merit it being described as an NSW company and the company’s activities are substantial in NSW and are not the merely peripheral activity of the company.
It also notifies that the October submission window for Skilled Work Regional Subclass 491 visa has now closed and all invitations from this window issue.
For more information, click here.