Exciting Changes Ahead: Global Talent Program Transitions to the National Innovation Visa (NIV)

Global Talent Program

On 14 May 2024, the Australian Government unveiled a significant update to its migration strategy: the launch of the National Innovation Visa (NIV). This new visa program is set to replace the Global Talent Visa by the end of 2024, marking a new era in Australia’s approach to attracting exceptional talent.

Here’s everything you need to know about this transition, your options, and how to prepare for the future.

Key Announcements

The National Innovation Visa (NIV):

• The NIV will be Australia’s flagship program for attracting high-performing entrepreneurs, major investors, and global researchers.
• It will officially replace the Global Talent Visa by late 2024.
• Detailed requirements for the NIV will be announced closer to the launch.

Global Talent Visa Program Updates:

1. Expressions of Interest (EOIs) Closed: From 29 November 2024, the Department of Home Affairs no longer accept EOIs for the Global Talent Visa program.
2. Direct Visa Applications Still Open: The Global Talent (subclass 858) visa program remains open. Valid applications can still be lodged directly with the Department.
3. Processing Priorities: Applications will continue to be assessed in line with annual migration planning levels and processing priorities for skilled visas, including Ministerial Direction no. 89.
4. Pending EOIs: If you have previously submitted an EOI for the Global Talent Visa and have not received a response, you can still lodge a valid Global Talent (subclass 858) visa application before the NIV is introduced. Alternatively, you can wait to submit a new EOI for the NIV when it becomes available.

What Does This Mean for You?

Current Applicants:

• If you meet the eligibility requirements, consider lodging a Global Talent (subclass 858) visa application now to secure your place.

Future Applicants:

• For those looking to innovate and invest in Australia, the National Innovation Visa will provide exciting opportunities tailored to entrepreneurs, major investors, and researchers.

Looking Ahead

The National Innovation Visa aims to position Australia as a global leader in attracting exceptional talent that drives innovation and economic growth. Stay tuned for more updates as the program launch approaches.

Call to Action

• Ready to secure your pathway to Australia?
• Apply now for the Global Talent Visa before the introduction of the National Innovation Visa (NIV), or
• Wait for the NIV and prepare to be part of Australia’s innovation ecosystem.

Need personalised advice? Connect with Michelle Lingham to discuss how these changes impact your migration plans.

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