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South Australia Launched Temporary Activity (subclass 408) Visa

29 Nov 2018

Temporary Activity (subclass 408) Visa

South Australia is Promoting Innovation and started Temporary Activity (subclass 408) visa it is mainly aimed at assuring and successful abroad entrepreneurs. As per the Migration SA, South Australia will be waiting for migrants who are productive, have an entrepreneurial idea or concept, or is operating on an innovative primary stage business ideally with the lowest Viable Product.

Focus of the Innovation in South Australia Event Stream

The subclass 408 (Temporary Activity visa) has multiple streams and chances to choose from. Meanwhile, we do not know all the new Promoting Innovation in South Australia stream details, and we do know that the action is aimed at international entrepreneurs and investors with a creative idea and an aiding business plan.

Candidates will not require capital backing, unlike the modern Entrepreneur Visa which needs illustrated funding of minimum $200,000.

The length of stay for the current entrepreneur visa is not yet published, but different streams in the subclass 408 direct to range within 2 and 4 years. Home Affairs of Australia also stated in their media release that entrepreneurs who are thriving in building their business venture in Australia would become qualified to appeal for permanent residence.

Temporary Activity (subclass 408) Visa Application Procedure

Immigration South Australia describes 6 steps a candidate need to follow when requesting for the South Australia Promoting Innovation. The primary step Immigration to South Australia recommends is that logging into the Appeal Website of Immigration SA, then selecting New Entrepreneur.  

There are 02 distinct pathways for the Promoting Innovation Event Stream in South Australia

1) Eco-System Providers
2) Office of The Chief Entrepreneurs

It is essential to note that with the Eco-Systems stream providers you require to appeal formally by Immigration SA for your petition to be judged. It is also necessary for both streams that the petitioner need to satisfy all obligations and requirements.

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If you need to visit, Invest, Study, do business or Migrate to Australia, then consult with Be Australian, the expert in Immigration and visa industry. We will assist you with all your visa needs for Australia.

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