The Australian Government has announced the formation of a taskforce to lure international businesses and exceptionally talented skilled people as part of the Government’s initiative to support the COVID-19 recovery and give a boost to the Australian economy and jobs.
The Global Business and Talent Attraction Taskforce will be a whole of government initiative and will bring together experts from right across the Commonwealth, the States, and the Territories.
It has been announced that the initial focus will be on three key sectors:
- advanced manufacturing
- financial services (including FinTech)
In a post COVID-19 world, many businesses and skilled professionals will no doubt be looking at Australia considering the success the country has had in managing the pandemic.
The Hon Alan Tudge MP who was the Acting Minister for Immigration, Citizenship, Migrant Services and Multicultural Affairs said, “Australia has always been an attractive destination for talent and investment, but given our relative success economically, from a health perspective, and socially, we will be even more attractive. We want to capitalise on this and be very focussed on attracting key businesses and global super talent to Australia. This will aid our recovery and boost jobs for Australians.”
Pleasingly this initiative builds on the Global Talent and Business Innovation and Investment programs, to attract high value businesses and exceptionally talented individuals to Australia to create jobs for Australians.
The Taskforce will join up the Department of Home Affairs with the Australian Trade and Investment Commission (Austrade), and draw on expertise from the Treasury, the Departments of Foreign Affairs and Trade, Industry, Science, Energy and Resources, Defence, and the Department of Education, Skills and Employment.
Companies and individuals who qualify will have access to:
- streamlined pathways to permanent residency
- bespoke advice on how and where to relocate
- industry-specific contacts and support to help you find the right location and networks
- end-to-end service with a single point of contact.
There are already a number of visas that can assist you to set up a business or invest in Australia and this will build on such visa pathways as:
Global Talent Visa
The Global Talent Visa program which is designed to attract highly talented individuals, with entrepreneurial ideas and cutting-edge skills within target industry sectors, who can contribute to Australia’s economy by driving innovation and supporting the creation of local jobs.
Global Talent Employer Sponsored
The Global Talent Employer Sponsored program designed to attract highly skilled migrants with cutting edge skills into niche occupations to help innovate established businesses and contribute to Australia’s developing start-up ecosystem.
Business Innovation and Investment
The Business Innovation and Investment program which allows you to own and manage a business in Australia, conduct business and investment activity in Australia or undertake an entrepreneurial activity in Australia.
At FC Lawyers we have extensive experience in assisting businesses relocate and/or start operation in Australia together with acting for many high wealth individuals and talented people to obtain their visas.
Contact our team today to discuss your business migration needs or if you would like more information on the Global Business and Talent Attraction Taskforce.