As of 6 December 2024, the Australian Government unveiled a major reform in its migration policy by launching the National Innovation Visa (Subclass 858), replacing the previous Global Talent Visa. Designed to attract globally significant talent, the NIV offers a permanent residency pathway to individuals whose skills, achievements, and innovations align with Australia’s economic and technological priorities.
What Is the National Innovation Visa?
The NIV is a permanent visa intended for high-calibre individuals who have made—or are capable of making—exceptional contributions in areas of national importance. Eligible categories include:
Rather than a purely investment-based program, the NIV is merit- and achievement-based: applicants must demonstrate internationally recognized success, such as patents, publications, awards, or leadership in their field.
How It Works: Expression of Interest & Nomination
To apply, prospective candidates must first submit an Expression of Interest (EOI) through the Department of Home Affairs. There is no guarantee of an invitation; only those selected through the EOI process can apply for the NIV.
A nominator is required to support the application. The nominator must be an Australian citizen, permanent resident, eligible New Zealand citizen, or an Australian organization with a strong reputation in the candidate’s area of expertise. Once the EOI is reviewed and selected, an invitation to apply is issued. Applicants then have a limited timeframe to submit their full visa application.
Priority Streams & State Nomination
To streamline selection, the NIV program has established priority tiers for candidates based on their expertise and the alignment of their skills with Australia’s strategic sectors:
Key Requirements & Eligibility Criteria
To qualify for the NIV, applicants must:
Moreover, many reports indicate that high-income is often considered: some eligible applicants are expected to be earning at or above the Fair Work High-Income Threshold, currently around A$175,000.
Benefits of the NIV
The National Innovation Visa offers several major advantages for successful candidates:
Challenges & Considerations
While the NIV is promising, prospective applicants should be aware of certain practical challenges:
How Friedland Law Can Help
At Friedland Law, we specialize in high-net-worth immigration and innovation-migration pathways. Here’s how we support NIV clients:
As of 6 December 2024, the Australian Government unveiled a major reform in its migration policy by launching the National...
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