There’s no denying it— the world is experiencing what is perhaps one of the worst economic declines in history. In most parts of the globe, there continues to be an urgent need for economic revival and the introduction of new jobs. While many must wait until the economy improves again, there are some who made the decision to search the world for a more stable environment.
Yes— as you might already know by now, there’s more to the country than just its beaches and laidback lifestyle. Over the decades, many immigrants have recognized Australia as an opportunity to thrive financially and enjoy life at a higher standard. This includes business people, investors, and entrepreneurs.
In fact, studies have shown that Australia has consistently remained the top choice as an immigration destination for high-net-worth individuals who are looking for investment opportunities.
If you are among those who are interested in an Investor Visa Australia, but are unsure about making this choice, perhaps this blog post would be helpful. Additionally, if by the end of this read you would be interested to learn more about Australia investor visa requirements, our UIS Australia team is readily prepared to assist you.
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Why you should consider applying for Australia premium investor visa?
Perhaps one of the things about Australia that draws many entrepreneurs is that it has an exceedingly varied economy. Even with the financial global fluctuations in the past decade, it has managed to stay consistent and robust in the face of difficulties.
So, if that’s not enough reason for you to take a dip into the country’s economic pool, here are some of the great benefits that you can enjoy from an investor visa Australia:
You can choose to stay in Australia permanently
You will be eligible for Medicare, Australia’s public health care scheme
You can sponsor your relatives to come live with you in Australia as permanent residents
You can travel freely in and out of the country for 5 years
You will be given access to government benefits and payments
You can enjoy all of these benefits and more if you are granted an investor visa Australia. Should you require assistance in Australia immigration procedures, visa evaluations, and other services, we’re here to help.
Your length of stay with an Investor Visa Australia
One of the important things that you need to know about an Australia premium investor visa is that it has the capacity to grant you residency in Australia indefinitely. This proof of permanent residency will be given to you with the following provisions:
If you are in Australia, your permanent residency will start on the day your visa is granted to you
If you are outside Australia, your permanent residency will start the moment that you enter Australia
Take note that your investor visa Australia also has a travel clause that allows you to fly in and out of the country for 5 years after the visa has been granted.
Can you bring your family with you?
Yes, you can choose to bring members of your family with you, and their visa application can be submitted together with your Australia investor visa application. If this isn’t possible, you can also complete the family visa application after yours has been submitted.
Either way, the fact remains that you can bring your family with you on your venture into Australian shores. All you must do is to prove that they are members of your family (or in the case of your spouse, that they have been a member of your family at the time of your visa application).
Eligibility Requirements for an Investor Visa Australia
Before preparing your visa application, you must make sure that you meet the Australia investor visa requirements. Submitting your visa application without the proper qualifications will result in a waste of time and money. Below are some of the qualifications that will make you eligible for this visa type:
You have to own a business that yields an income of at least AUD 750,000. A review of this can go as far back as 4 years.
You should at least be worth AUD 1,500,000 in personal and business assets
Your age shouldn’t exceed more than 55 years old unless you can secure the paperwork that proves your indisputable economic benefit if you move into the country
You must take a test for Business Innovation and Investment Points, and score at least 65 points
You must be able to speak fluent English
You must secure special endorsement
Overall, these requirements simply seek to establish you as an economic asset to the country. If you think that you meet all of these qualifications, you should be found eligible for a visa and be able to start the application process.
What are some of the provisional visas that you need to know about?
Australia grants provisional visas prior to a permanent one. Provisional visas are temporary visas that are valid for 5 years. This means that your very first Investor Visa Australia is temporary and does not set you as a permanent resident of Australia.
If you would like to qualify for a PR visa, you will need to secure a subclass 188 visa first. This pertains to Business Innovation and Investment (Provisional) visa.
To qualify for any of the visa types under the Business Innovation and Investment visa, you need to:
Expressly state your interest through an EOI
Be sponsored by a particular agency of the government or state in Australia
Be backed up or nominated to apply for a visa
The Australia 188 visa is basically a precursor to a PR visa. You can secure this through an explicit invitation for you to apply.
How much to invest in Australia to get PR?
Requirements vary depending on the type of Investor / Business visa. At a minimum, investors who want to apply for an investor visa Australia are required to fund about AUD 1.5 million in an Australian venture for 4 years. If you take this path and are approved, you will be qualified for Australia PR.
What are your obligations?
If you hold a provisional visa, you need to make the following obligations as a part of your application for a permanent visa.
You must commit to engage in investment activities in Australia for the foreseeable future
You need to verify and confirm that the contents of your application are true and correct
You need to provide your updated contact information to your local government agency and give your agreement to participate in tests and surveys that they may have you answer
You need to verify that you are indeed eligible for the application of an Investor Visa Australia
UIS Australia for Your Visa Application Needs
Ready to reap the benefits of a stable and resilient economy? Australia might just be the place for you to effectively diversify your investments. Hopefully, we have answered some of the more pressing questions about how to apply for a visa in Australia if you intend to further build your wealth in the country. If you need assistance in your application, we provide visa evaluations, business immigration strategies, settlement solutions, and more. Ask us more about how we can help you move to Australia today.