Land of Kangaroos, Australia,is an excellent country for the migrants across the world. They come to the country to fulfil their various needs–it could be to study, holiday, work, conduct business, or invest.
Lately, besides the skilled workers and others, a large number of investors have also finding Down Under more than a perfect country. In the last five years or so, the number of the foreign investors keen to invest in Oz has gone up.Such investors seek to invest in the country in exchange for a PR Visa.
Investment Visa Australia
To increase the investment graph,the Department of Immigration and Border Protection (DIBP) offers numerous investment based immigration streams that ultimately lead to the prized Permanent Residency (PR) followed by citizenship.
To give more clear ideas to those who are keen to migrate to Oz using the Investment Stream,let’s focus on the Business Innovation and Investment (Provisional) Visa (Subclass 188)!
The class is crafted for those foreign investors who are keen to make an investment in Down Under and migrate with their family though initially the candidate is allowed to stay here as a temporary resident with a Temporary Resident Permit (TRP) for a period of four years.
Business Innovation:Crafted for the talented business professionals/investors who want to establish to new, develop or manage an existing venture in the country. To apply,the candidates must either be nominated by a territory or state government.
Investor Stream:Applicants, keen to make an investment of at least 1.5 Million Australian Dollars in a state or territory with a long term intention to maintain investment/business activity, can apply. The category requires a state or territorial nomination.
Significant Investor Stream: Candidates,who want to make an investment of at least 5 Million Australian Dollars into any of the complying significant investment in the country and maintain and run business/investment activities in the country, can apply. On behalf of the Australian Government,the candidates can be nominated either by a state, territory or Austrade.
Premium Investor Stream: Candidates with the net worth of 15 Million Australian Dollars to invest into any of the complying premium investments with intention, to maintain business/investments activities in the country, can apply. On behalf of the Australian Government, candidate must be nominated by the Austrade.
Entrepreneur Stream:It is for the candidates with a financial funding agreement from a third Australian party for at least 200,000 Australian Dollars to perform entrepreneur activities that may lead to commercialization of a service or product or develop a business in the country. To apply,the aspirants must be nominated either by a state or territory government.
Investment Visa Australia – What Powers You Get!
The visa allows you to:
- Establish a completely new or develop, manage an existing venture and/or invest in Oz, make an investment in a state or territory, and accordingly get involved with investment activities or actively participate into entrepreneurial activities.
- Travel in and out of the country, minus any restrictions.
- Bring along family.
- Seek PR by applying for a Business Innovation and Investment (Permanent) Visa (subclass 888).