The Business Innovation and Investment Program commenced on the 1st July 2012.
The intended outcome of the program is to encourage a greater level of entrepreneurial talent migrating to Australia, which will enhance and broaden the existing levels of business expertise already here.
The program provides a choice of migration stream all of which have their own qualifying criteria and performance outcomes.
Business Migration Support is available to assist both intending Business Migrants and those who are recently arrived in WA and who are busy implementing their business strategy.
Business Proposals to meet program requirements
Development of a detailed business proposal supported by evidence and research is required to support your application.
The Business Proposal should include:
- Evidence of in-depth business research and a realistic business concept
- Third party evidence of communication, meetings and/or negotiations with prospective vendors, suppliers and/or buyers
- Prior travel to Western Australia
Our Business Migration Support Business proposals include:
- Industry trend analysis
- Industry Benchmarking
- Market research
- Business structure recommendations
- Corporate governance
- Financial Controls
- Business Management Controls
- Business Compliance
- Financial Controls
- Financial Profiling
- Sales Mix
- Cash flow projections
- Profit and Loss Budgets
- Working Capital requirements
- Return on Capital
- HR requirements
- Exit strategy
Business Monitoring and Performance
Over a two to four-year period business migrants who have successfully obtained nomination via the WA State Government must be able to demonstrate either substantial economic benefit or exceptional economic benefit to the WA economy, dependent on their migration category.
The Business Migration Centre is the State Government agency responsible for assessing substantial or exceptional economic contribution.
The criteria on which the assessment is based considers the following factors:
- new capital invested
- new and skilled employment created
- new export markets
- development of alternatives to imports
- development of new skills and expertise
- development of technologies and innovation
- business activity located in a regional area of Western Australia
- any significant flow on to other areas of the economy
It is the responsibility of the applicant to demonstrate to the Business Migration Centre the progress that has been achieved in each activity.
Business Migration Support is available providing local knowledge and business expertise to support and assist Business Migrants to achieve their goals as required by their selected visa category.