Govt pushes for South Australia Start-up Visa

South Australia may become the first State in Australia to pilot new Start-up Visa arrangements. It is aimed at permitting entrepreneurs to develop their Start-up ventures in the state. But this is only if the Liberal Party is victorious in the forthcoming elections. The elections are scheduled to be held in South Australia on 17 March, as quoted by the ARN NET.

The proposal has the potential to unseat the ruling Labor Party headed by Jay Weatherill the Premier. The current ruling Party is looking forward to a 5th 4-year term against the opposition in the South Australia state.

The new arrangement for a visa through the South Australia Start-up Visa pilot permits the state governments to collaborate with business incubators. It is with the aim of attracting overseas entrepreneurs to the states. This initiative will be launched on a pilot basis in South Australia and is later scheduled for a rollout on the national level by 2019.

Through the new initiative, overseas entrepreneurs and investors will be allowed to apply for a temporary visa. They will require a supporting business plan and innovative idea for this and will be permitted to carry forward their business enterprise in Australia.

Applicants for the South Australia Start-up Visa will not require the capital backing that is currently mandatory in the case of Entrepreneur Visa. This requires funding of at least 200,000 $. Their proposals will be scrutinized by the entities of the State or Federal government. These will be then able to collaborate with accelerators and incubators to locate potential applicants for nomination.

Successful entrepreneurs who establish their business venture in Australia will be then qualified to apply for Australia PR.

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