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National Innovation Visa (Subclass 858)

Permanent visa for individuals with exceptional talent and internationally recognised achievements in target innovation sectors.

Estimated Cost

$3,900

Processing Time

~12 months

Validity

Permanent

Description

The National Innovation Visa (formerly Global Talent Visa) is a permanent, invitation-only visa for highly talented individuals with an internationally recognised record of exceptional achievement. Applicants must demonstrate prominence in one of the target sectors (including AgTech, FinTech, MedTech, Cyber Security, Quantum, Advanced Digital, Data Science, and ICT). It replaced the Business Innovation and Investment visa streams in 2024 as the primary talent and innovation pathway. Requires an EOI and invitation from the Department before applying.

Official informationLast updated: 2026-03-01

Timeline

Processing Time
6 months – 1.5 years

Average: 12 months

Visa Validity
0 months

Path to Residency

Path to Citizenship

~5 years

Eligibility

Education:DoctorateMin Income:$108,875/yr

Requirements

Optional

Expression of Interest (EOI)

Must submit an EOI and receive an invitation from the Department of Home Affairs.

Cost Breakdown

FeeAmountType
Estimated Total$3,900