In December 2013,  the Government announced changes to business migration policies, as outlined our news item of 13 December.

The new Entrepreneur Work Visa, and updates to the re-named Entrepreneur Residence Visa have now been incorporated into operational policy which will be effective from 24 March 2014. 

The main changes are:

• The  Long Term Business Visa Category, which was closed in December 2013, has been replaced with the Entrepreneur Work Visa Category.
• The Entrepreneur Work Visa Category has incorporated requirements to attract high value businesses from experienced business people: a minimum capital investment requirement and requirement for applications to score points across a range of factors in order to be approved.
• The Entrepreneur Plus category is now closed, with the extra requirements included as an option in the new Entrepreneur Residence Category.
• Venture capital investments are now deemed to be acceptable investments under the Investor 1 and Investor 2 categories.

More information about the new policies, as well as applications and guides, will be available on our website once the new polices have been opened.