How to pass the points test for business and investor migration to Australia. Learn how points are awarded for age, qualifications, financial assets, business turnover, business experience, investment experience, innovation and special endorsement.
Australia Investment Immigration Programs Overview
Australia is strategically positioned as a trade and investment base for international companies doing business with Asia. The country has enjoyed strong economic growth over the last 25 years. Australia’s Business Innovation and Investment program has four streams, each with different requirements; Business Innovation, Investor, Significant Investor and Premium Investor streams. Applicants must fulfill requirements for health, character and public interest.
The program allows investors to develop an existing business or invest in Australia, bring family members to Australia and later apply for full residence. Applicants must be younger than 55 years old. Australia does not grant the permanent residence on the very first stage of investment but uses a step-by-step visa principle regardless of the amount of investment.
While there is no citizenship-by-investment program, citizenship is attainable after four years of residence in Australia, with the past 12 months as an Australian permanent resident.
While there is no CBI program in Australia, citizenship is attainable after four years of residence in Australia, with the past 12 months as an Australian permanent resident.
To maintain permanent resident status, residents must spend two of five years in the country or show ties to Australia. The Business Innovation and Investment Program includes the four following visa streams: Investor stream requires an investment of at least 1.5 million Australian dollars in an Australian state or territory and applicants must be nominated by a state or territory government. The Business Innovation stream is for investors seeking to start and manage a new business in Australia and are nominated by a state or territory government. The Premium Investor Stream requires an investment of 15 million Australian dollars into premium investments in Australia and must be nominated by Austrade on behalf of the Australian government. Significant Investor Stream requires an investment of 5 million Australian dollars into significant Australian investments.
How To Apply
The time frame for processing differs based on visa type. Visa applications bringing the most benefit to the country will be processed faster. Applicants submit the expression of interest through the governmental online skill system called SkillSelect. Processing time is 9 months. They must prove that their money was earned legitimately.
After 4-years of residence, investors can obtain citizenship, which gets visa-free travel to more than 170 countries.
Australia has a democratic and politically stable government and is a country rich in natural resources and high standards of life, education and healthcare. The economy is the world’s 13th largest and Australia has a business-friendly regulatory environment and a sophisticated financial services sector.
One of the unusual visa programs that attracts entrepreneur investors to Australia is its Business Innovation Visa, which does not require an investment before the visa is granted.