South Australia has launched a new entrepreneur program for talented entrepreneurs to come and settle in the state from across the globe. The new SISA (Supporting Innovation in South Australia) Visa is aimed at attracting budding entrepreneurs in emerging sectors. The entrepreneurs in the field of cyber security, space, defense, big data, agribusiness, and medical technology are highly preferred.
The SISA Visa program is different from other entrepreneur visas because it has no financial requirements. An applicant’s applying for these visa programs are required to submit a strong and innovative business proposal to become eligible for SISA Visa program. Also, applicants have to be under the age of 45 to apply under this visa program.
Eligible applicants need to first apply for an endorsement from the South Australian Government and be endorsed by the Department of Trade, Tourism, and Investment. They can then apply for a subclass 408 visa (Temporary Activity) to the Department of Home Affairs.
The SISA Visa Pilot program has already been planned from November 2018 to November 2021. Therefore, the validity of your visa would depend on when you are granted the same. The visa application fee for SISA visa program is $285 but it is subjected to change anytime. Additionally, you also need to show sufficient funds to take care of yourself in South Australia. You have the option of taking along family members on this visa. However, you are required to show additional funds for them too. The dependents on this visa will have full work and study rights in Australia. The subclass 408 is a temporary visa and hence has no access to permanent residence. To apply for Australian PR you are required to meet the eligibility requirements and apply for Australian Permanent Residence through other pathways. To know your immigration chances for applying permanent residence, it is suggested get in touch with immigration experts of Aptech Global will contact you to discuss Australia PR case. Online Free Assessment