This fiscal year, Australia's state-sponsored skilled migration invitation has entered the final stage, and according to the latest quota use announced by the Immigration Department, the quota remaining is very limited, but the number of people waiting to be invited is tens of thousands.
In the face of the situation of more monks and less porridge, skilled immigration applicants should analyze their own situation more rationally. For those who are overage or have too low scores and are hopeless to be invited, it is necessary to plan ahead and seriously consider alternatives.
Recently, many of our friends who have submitted EOI have started to enquire about the MINT project in the Northern Territory. It is true that new quotas are issued at the beginning of each fiscal year, but the opportunities for lock-in permanent residence with low scores are limited.
In fact, many people were not optimistic about the MINT project at first, on the one hand, they did not like the state of the Northern Territory and felt that the location was too remote; On the other hand, considering that the project requires an investment of 520,000 Australian dollars and has a fixed investment cycle, many people are worried about the safety of funds.
Judging from the current immigration situation in Australia, the points-based skilled migration will not reappear in the golden period of the last fiscal year in a short period of time, and the overall difficulty of being invited has gradually returned to the pre-epidemic level, and it will not fluctuate too much in the next few years.
For some low-level applicants, if they have made up their minds to immigrate to Australia, they can appropriately reduce the requirements for the region, after all, only when they get an invitation can they have the opportunity to submit a visa and successfully immigrate to Australia.
The following is a recent case of obtaining permanent residence in one step through the MINT project:
Congratulations to Ms. K for being granted the Australia 190 visa
Case Study
Ms. K, graduated with a bachelor's degree in business administration in China, engaged in job advertising and brand-related work, passed the VET advertising specialist career assessment in August 2020.
Because the client was over 40 years old at the time of the career assessment, and the EOI score was 60 points, which was not advantageous in the points-based skilled immigration, he decisively chose the Northern Territory MINT program.
In July 2022, the MINT program was successfully occupied, and in January 2023, it was nominated for state sponsorship, in February 2023, 190 state sponsorship was submitted, and in April 2024, it was approved for 190 permanent residence visa.
Introduction to the MINT project
The Northern Territory MINT program is a dark horse in the skilled migration program in recent years, which is very friendly to low-scoring applicants, who can apply if they meet the minimum requirements for skilled migration, but the quota is limited each financial year.
Compared to the indefinite wait, the MINT project is very secure, but only if the place is successful. Usually, there are only 50 places for global applicants in the MINT program every year, and you can only grab the quota by paying a certain placeholder fee, so if you are considering the MINT project, you must prepare in advance.
Let's talk about the investment of 520,000 Australian dollars in the MINT project. The MINT project is owned and managed by the Darwin Innovation Centre and Paspalis Asset Management, and is supported and endorsed by the Northern Territory Government.
PASPALIS acts as the custodian of the fund, and the regulator of investment funds conducts anti-money laundering investigations and supervises the funds. Ensure that the investor's source of funds is legal and the investment is safe.
Of the $520,000 investment, 80% was invested in government bonds (safe and sound state bonds) and the other 20% was invested in innovative companies in the Northern Territory (high-return venture capital).
The state bond portion of the MINT project has an investment period of 5 years, with 80% of the stable investment being redeemable at maturity and 20% of the venture capital portion being redeemed in about 10 years.
At present, the first batch of people who invested in the MINT project in the Northern Territory have received redemption funds last year, giving a shot in the arm to those who are concerned about the project.
Overall, the MINT project in the Northern Territory of Australia is a very high-certainty technology + investment immigration program, with the support of the Northern Territory government, and the project has been stable since its launch in 2018.
The Northern Territory MINT programme exists to provide an alternate pathway scheme for skilled migration applicants with low EOI scores. If the general points system skilled immigrants cannot be invited for a long time, it is also a good policy to choose the corner overtaking scheme.