Queensland State Nomination for National Innovation Visa (NIV858)

The Australian government is launching a new National Innovation Visa (NIV) by the end of 2024, replacing the current Global Talent Visa (subclass 858). It is a direct pathway to permanent residency, designed for exceptional entrepreneurs, major investors, and global researchers.

Queensland was among the first states to announce its nomination criteria. If you want to obtain a Queensland nomination for NIV858, here’s everything you need to know.

Eligibility for Queensland NIV858 Nomination

The Queensland Government considers candidates who:

1. Possess extraordinary talent in their field;

2. Intend to introduce innovative technologies to Queensland; or

3. Aim to bring exceptional economic benefits to Queensland.

Please note: The Queensland Government’s role is to nominate candidates suitable for the visa. However, it cannot guarantee that your Expression of Interest (EOI) will be selected by the Department of Home Affairs, which will make the final visa decision.

Required Documentation for Queensland Nomination

To support your application, you’ll need to submit (but are not limited to) the following:

1. Curriculum Vitae (CV):

   • Educational background

   • Work experience

   • Roles and responsibilities

   • Key achievements

   • Professional registrations, licenses, or memberships

   • Current annual income and projected income in Australia

2. Business Plan (1-2 pages):

   • Executive summary

   • Company overview and team structure

   • Description of technology or product

   • Business model

   • Target market/customers

   • Financial forecasts

3. Supporting Documents:

   • Evidence of patents, awards, or media coverage

   • 2-3 reference letters

Interview and Process

Once the Queensland Government confirms the completeness of your application, an interview with Trade and Investment Queensland (TIQ) officers will be scheduled. If successful, the state will support your application and proceed with Form 1000. If not supported, you can seek nomination from other states.

Key Highlights of the NIV

The focus of NIV858 is on quality rather than the quantity of investment:

• Investment Quality: While there is no specified minimum investment amount, projects with substantial and meaningful contributions (e.g., affordable housing or tech innovation) are likely to gain priority.

• Technology and Impact: Businesses with exceptional technology or products that can enhance Queensland’s economy or innovation are highly desirable.

⚠️ Important Notes:Queensland does not provide specific investment thresholds but prioritises candidates who can contribute long-term economic and technological benefits. NIV858 remains Australia’s only direct PR pathway for high-net-worth individuals.

📅 Important Dates:

EOIs for NIV opened on December 7, 2024. Entrepreneurs and investors should seize this groundbreaking immigration opportunity!