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Scheme encourages newcomers

THE WA Government encourages business migrants to WA by offering funds to help them relocate.

The Business Migrant Incentive Program, run by the Small Business Development Corporation, provides money towards a consultant to prepare a business proposal to support the migrant’s business visa or State sponsorship application and a business plan to develop the migrant’s business to its full potential.

The BMIP provides 50 per cent of the cost of each service up to $2,000 for the proposal service and $3,000 for the business plan.

There are seven classes of business migrant – owners or part owners of businesses, senior executives, owners or part owners of businesses sponsored by the WA Government, owners or part-owners of investments or businesses, temporary resident visa holders taking ownership in a WA business and long-stay visa holders who own businesses in designated parts of WA.

To qualify as a business migrant, the applicant must meet one of those classes.

As a part-owner of a business the applicant must show holdings in an operating business that is not set up primarily for passive or speculative purposes of $300,000.

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