78 UGLOBAL IMMIGRATION MAGAZINE
“ Global talent visas for highly skilled : For those who are looking to migrate to Australia based on their distinguished talent in a field or profession rather than an entrepreneurial activity , can apply for the Global Talent Visa .
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$ 2,120 and for additional applicants under 18 years old the visa cost is AUD $ 1,060 .
Any applicant 18 years or older who has less than functional English must pay an extra charge . This charge is the second installment and should pay it only when immigration asks applicant to . The second installment charges for family members is AUD $ 4,890 .
The applicant and family members need to take out health insurance to cover any unforeseen medical treatment that might be needed in Australia . The applicants are personally liable for all your healthcare costs while in Australia . Insurance can help limit the financial liability .
Permanent Residency : The visa holder can apply for Permanent Residence through the Business Innovation and Investment ( Permanent ) visa ( subclass 888 ) Entrepreneur stream when meeting certain requirements including 2 years residence in Australia when holding the subclass 188 entrepreneur visa , and having a successful record of entrepreneurial activities .
The factors that will be used to determine the success of the activities include : ( a ) the number of Australian citizens and permanent residents employed , ( b ) the level and nature of ongoing funding and investment in the activities , ( c ) the annual turnover of the business activities , ( d ) any endorsement of the successful entrepreneurial activities by a start-up incubator , start-up accelerator or other body that assists start-up businesses , that is recognized by the nominating State or Territory government agency .
The primary applicant ' s entrepreneurial activities will need to show either : ( i ) 2 key success factors , or ( ii ) 1 key success factor and 3 supporting success factors .
The key success factors include : Employing two or more Australians , permanent residents or other eligible persons ; enacting an annual turnover of at least AUD $ 300,000 ; filing a provisional patent or acquiring a standard or innovation patent ; receiving ongoing funding or investment in the entrepreneur activity ; entering into a partnership with a university ; and selling an entrepreneurial venture for AUD $ 2 million .
The supporting success factors include : Adapting the applicant ’ s entrepreneurial activities into other business areas ; receiving a statement of success from a state or territory government nominator ; receiving sponsorship from the corporate sector ; starting at least one other business or contributing to at least two other businesses ; receiving formal awards or recognition ; or raising or contributing to social capital . When operating a business in Australia , the owner must comply with workplace laws .
Global talent visas for highly skilled : For those who are looking to migrate to Australia based on their distinguished talent in a field or profession rather than an entrepreneurial activity , can apply for the Global Talent Visa .
Australia ’ s Global Talent Visa ( Subclass 858 ) is a permanent visa for people who have an internationally recognized record of exceptional and outstanding achievement in an eligible field . The Global Talent visa allows a person to stay permanently , work and study in Australia .
Eligibility : The applicant must have an internationallyrecognized record of exceptional and outstanding achievement in one of the following areas : a profession , sport , the arts , academia or research . This means the applicant must be currently prominent in their field , have superior abilities to others in their field , acclaimed as exceptional in any country where their field is practiced , and have a record of sustained achievement unlikely to diminish in the near future . The applicant must also participate in a