Australia’s New 491 Visa is Now Open

New skilled regional visas:

Two new skilled regional visas will open to applications on 16 November 2019.  These new visas will promote regional migration and replace two existing subclasses:

New Replaces
Skilled Work Regional (Provisional) visa (subclass 491) Skilled Regional (Provisional) visa (subclass 489) – first provisional stream
Skilled Employer Sponsored Regional (Provisional) visa (subclass 494) Regional Sponsored Migration Scheme visa (subclass 187) – Direct Entry stream

 

Benefits of new visas

  • Priority processing of regional applications
  • Incentives for migrants to stay in regional areas longer term as they build ties through workforce and community participation
  • Can apply for permanent residence without a second nomination stage, if eligible, through the subclass 191 visa (commences 16 November 2022)
  • Lower cost to employers with only one SAF levy stage for the subclass 494 nomination (compared to the two stages for the current subclass 482 to ENS subclass 186 permanent resident pathway)
  • More points available to subclass 491 visa applicants
  • Broader range of occupations available than non-regional pathways
  • Expanded and consistent classification of regional areas

The minimum taxable income for the subclass 494 and 191 visa will be set at the Temporary Skilled Migration Income Threshold (TSMIT) unless concessions are agreed (such as in relation to a DAMA). TSMIT is currently $53,900.

We will provide more information about the new skilled regional visas shortly.

Regional Sponsored Migration Scheme visa closes 16 November 2019

The Regional Sponsored Migration Scheme (RSMS) Direct Entry (DE) stream visa will close to new applications from 16 November 2019. Employers/migration agents who intend to lodge RSMS nomination and visa applications under the DE stream should submit a request for assessment by a relevant Regional Certifying Body (RCB) regarding local labour market conditions before this date.

Please contact us to get more details for this visa category.

If you want to avail this opportunity send your us your updated resume on info@isas.com.pk

Further information OR schedule your appointment please contact

TURKEY CITIZENSHIP BY INVESTMENT

Turkey announced its citizenship by investment programme. It grants residency, citizenship and a second passport to applicants investing either in real estate or a bank deposit.

The bank deposit route is particularly attractive for investors. This requires $500,000 to be deposited into a bank account in Turkey which then needs to be maintained for a minimum of just 3 years. Importantly this investment can be in US Dollars. That eliminates the volatile currency risk of investing in Turkish real estate. Retaining liquid funds in this way leading to a second citizenship ranks Turkey as one of the lowest cost citizenship by investment programmes on the market.

A Turkish passport allows visa free travel (or visa on arrival) to 114 countries worldwide. Turkey also holds out the possibility of eventual visa free access to the EU. Currently talks are ongoing although Turkey has some way to go in order to meet EU conditions.

CITIZENSHIP INVESTMENT LIMITS

Required minimum investment limits for the citizenship programme are as follows:

  • Real Estate Investment  $250,000
  • Bank Deposit                  $500,000
  • Capital Investment         $500,000

The real estate investment amount was originally set at $1 million and in September 2018 was drastically reduced along with that for capital investment and bank deposits. The investment was required into real estate, shares of Turkish companies or government issued bonds. Citizenship of Turkey is granted after 3-6 months following the applicants investment. The applicant must hold the investment for a minimum of 3 years.

RESIDENCY

Residency in Turkey is also available through investment in real estate although the permit needs to be renewed every six months.

Please contact us to get more details for this visa category.

If you want to avail this opportunity send your credentials along with your updated resume on info@isas.com.pk

Further information OR schedule your appointment please contact