The Future Economy: Innovation, entrepreneur visas & self-sponsorship Panel Members Alex Paterson, Fragomen Worldwide Anne O’Donoghue, Immigration Solutions Lawyers Christie Sawczuk, Department of Immigration and Border Protection

BIIP Framework – comparison Visa stream Min. Settlement Assets / Business Assets / Business Turnover Invest (AUD) Reside English Age limit (55) Points test Business Innovation 188/888 Assets: $800k / Turnover: $500k Net business assets of at least $200k in AU business (888 stage) 1Y/2Y Points factor  Investor 188/888 $2.25M $1.5 M ‘Designated Investment’ 2Y/4Y Significant Investor 188/888 $5M $5M ‘Complying Significant Investment’ 160 d/4Y or 720d/4Y (spouse) - Premium Investor 188/888 $15 M $15M ‘Complying Premium Investment’ 0/1Y Entrepreneur 188/888 Enough to satisfy State/Territory Source at least $200k from third party ‘Competent’ Venture Capital 132 Enforceable agreement for $1M in VC funding Significant Business History 132 Assets: $1.5M Turnover: $3M Varies - generally at least $1.5M

Extension streams (Innovation & SIV) = extend TR status PROS OF BIIP STREAM 132 Business Talent & 188 Innovation stream allow for investment in own business Risk vs return: Investor & SIV - allow for passive investments and variances in investor’s risk appetite Reduced residence requirements of 188 SIV/PIV stream = tax efficiencies Extension streams (Innovation & SIV) = extend TR status

Social and political factors AGILE SKILLED MIGRATION CHOICE OF DESTINATION Infrastructure: Dynamic professional and personal growth opportunities Cluster: Pool of other skilled professionals Social and political factors Immigration process Opportunity: The best human capital ROI Lifestyle factors

visa solution for entrepreneurs – are the current settings correct? Australia needs an agile visa solution for entrepreneurs – are the current settings correct?

Self sponsorship - a viable option for the future?