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.
