National Innovation Visa (Subclass 858)

The National Innovation Visa (Subclass 858) is Australia’s premier permanent residency pathway designed to attract the world’s most talented individuals. Launched on December 7, 2024, this visa replaced the former Global Talent Visa (GTV) and the Business Innovation and Investment Program (BIIP). It is specifically for global leaders, researchers, entrepreneurs, and innovative investors who can drive productivity in key sectors of the Australian economy.

This is an invitation-only pathway. Unlike standard skilled visas, it does not use a points test. Instead, it focuses on your "internationally recognized record of exceptional and outstanding achievement." If you are a high-earning professional, a decorated researcher, or a world-class athlete or artist, this pathway provides a direct route to Australian permanent residency.

As a holder of a Subclass 858 visa, you are an Australian permanent resident from the day the visa is granted. Your rights include:

• Permanent Residency: The right to live, work, and study in Australia indefinitely.
• Work Rights: Full, unrestricted rights to work in any occupation for any employer.
• Medicare Access: Immediate access to Medicare, Australia’s taxpayer-funded public healthcare system.
• Family Reunification: The right to include your partner and dependent children in your application, granting them the same permanent resident status.
• Travel Rights: A five-year travel facility that allows you to leave and re-enter Australia as many times as you like. After five years, you will need a Resident Return Visa (RRV) if you have not yet become a citizen.
• Path to Citizenship: Eligibility to apply for Australian citizenship, typically after living in Australia for four years (with at least one year as a permanent resident).
• Social Services: Access to certain social security payments (though waiting periods often apply).