Business Migration in South Australia Property Development Pathways
South Australia state nomination is available to successful business owners who intend to engage in property development in South Australia.
What the State is looking for
South Australia offers pathways for those wishing to undertake property development as a business in order to satisfy nomination criteria for the 188a or 132 visa subclasses.
These pathways are designed to encourage investment activity into the state’s largest private sector employer andbiggest industry, in order to increase housing choice, and to support the development and improvement of private commercial and tourism infrastructure.
It is intended that nominations are only granted where applicants can demonstrate a realistic intention to maintain the property development activities in South Australia on an ongoing basis, and where the subject property being developed is made available for sale to the open market.
Business Innovation and Investment Visa (subclass 188a) and Business Talent Visa (subclass 132)
Business plans may be submitted to Immigration SA where applicants seek to satisfy benefit to state requirements through conducting property development business.
Applicants who have received a nomination from South Australia for non-property development related business plans and who have yet to receive a visa grant from the Department of Immigration and Border Protection (DIBP) prior to 1 August 2017 may if they wish submit a fresh business plan to Immigration SA for assessment by email@example.com.
Business plans for property development will be accepted where they meet the below requirements.
Under 55 years of age (subclasses 188a and 132)
You commit to invest AUD $1,500,000 into South Australian property development, where the subject property being developed is not for the provision of rental property or for the purpose of speculative or passive investment, but rather for the purpose of sale to unrelated independent parties oncommercial ‘arm’s length’ terms.
55 years of age and over (subclasses 188a and 132)
You commit to invest AUD $2,000,000 into South Australian property development, where the subject property being developed is not for the provision of rental property or for the purpose of speculative or passive investment, but rather for the purpose of sale to unrelated independent parties on commercial ‘arm’s length’ terms.
In addition to meeting Immigration SA’s nomination criteriabelow, applicants must also meet DIBP’s eligibility criteria,including criteria relating to the applicant’s activemanagement of the business.
It is strongly recommended that applicants obtain professional legal and financial advice before investing or undertaking any business activity.
The South Australian Government will not advise on any investment made or any business activity to be undertaken by the applicant nor does it accept liability for any financial loss, cost of expense incurred as a result of any business decision, business activities or investments of the applicant or any person in any way connected with the business migration program or otherwise.
If you are interested in these nomination pathways please contact
Phillip Grifoni, Business Migration Program Manager
Ryan Beers, Business Migration Investment Account Manager
+61 8 8303 2420.
Source: Business Migration in South Australia