Tasmania Business Migration

Tasmania’s Business Migration State Nomination Program recognises the significant contributions business migrants make to Tasmania’s economic growth and cultural diversity.

The program seeks successful business owners, innovators, and entrepreneurs with the ability to operate businesses and develop business concepts that will genuinely benefit Tasmania’s economy.

Subclass 188/888 – Business Innovation stream

The applicant must be able to invest at least AUD 200,000 to establish a new business or purchase an existing business in Tasmania.

Under the Business Innovation stream, Migration Tasmania is seeking interest from successful business owners, innovators, and entrepreneurs with the ability to operate businesses and develop business concepts that will genuinely benefit Tasmania’s economy through:

  • innovation and new technologies, and

  • enhancing industry capabilities.

Subclass 188/888 – Entrepreneur stream

Applicant must provide personal funding contribution of at least AUD 50,000 towards the proposed entrepreneurial activity

Entrepreneurs with higher academic degrees such as master’s degrees and/or PhDs relevant to the proposed entrepreneurial activity.

Investment in Key sector

Investment in following key sectors that will benefit Tasmania’s economy will be prioritized

  • aquaculture

  • agriculture and agribusiness

  • circular economy

  • minerals and mining

  • forestry, timber, and wood products

  • Antarctic and marine science

  • health and medical science

  • science and technology

  • space

  • information and communication technology

  • creative industries

  • tourism and hospitality

  • heritage management and restoration

  • renewable energy

  • bio renewal/ waste recycling

  • food production

  • hydrogen (engineering and construction)

  • extractive industries

Subclass 188/888 – Entrepreneur stream

Applicant must provide personal funding contribution of at least AUD 50,000 towards the proposed entrepreneurial activity

Entrepreneurs with higher academic degrees such as master’s degrees and/or PhDs relevant to the proposed entrepreneurial activity.