Investing in Australia
Do you have AU$750,000 to invest in a designated scheme in Australia? If so, then you may be eligible for a temporary investor's visa.
The above monies need to be available to be transferred into Australia and must be in addition to the AU$1,125,000 in net assets held by you and your spouse. Lottery winners will not immediately meet the eligibility criteria as these assets must have been held by you for a minimum of two fiscal years.
Criteria that you must satisfy
- You must be 55 or less unless given an exemption by a territory official
- You must be a successful businessperson committed to developing, managing and owning businesses in Australia
- The state or territory must have sponsored your application for this visa
- You can demonstrate a recent history of running flourishing businesses
- The investment of A$750,000 must be in a particular industry, be managed by you and maintained for a minimum period of four years
- You should have a clean record when it comes to business transactions
- You must not have married immediately prior to coming to live in Australia
- You must meet the health, character and other general requirements applied to all immigrants to Australia.
Permanent visas
The temporary investor’s visa entitles you to go on to apply for one of four different permanent visas, as long as you have held this one for a minimum of two years and continue to meet the eligibility criteria.
Government assistance
As with other temporary visas, you and your family will not be eligible for state benefits, medical aid, social welfare or other forms of government assistance. You should ensure that you have sufficient assets and/or insurance to cover you for the period of your stay.
Visa allowances
This visa allows you to travel in and out of Australia as often as you like. Your family will also benefit, although they cannot move to live in the country prior to your arrival. Only family members who are dependent on you are covered under this visa.
Securing sponsorship
Before you make the required investment, you need to secure sponsorship from the relevant authorities and then complete an application. The application process depends on where you live prior to moving to Australia as certain countries such as China and Korea may have additional requirements that you must meet. All visa holders and their family members over the age of 18 are required to sign an Australian Values Statement. This constitutes part of the application form and you will be provided with full details of what you are committing to prior to signing the statement.