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How are the assets for applicants counted for the investor 2 program?

My wife and I jointly own 3 million Australian dollars. My wife’s assets will account for about 1 million of that. I am the main applicant and am concerned since the assets are not all in my name. Can we jointly apply as a family?


Answers
  • Australian Visa Options
    April 07, 2020

    If you are referring to the 188B Investor Visa, the answer is yes you can combine your assets. The requirements for the 188B visa are as follows. The applicant, partner, or applicant and partner combined must, for at least one of the five fiscal years immediately before invited to apply, have directly managed a qualifying business in which applicant/partner joint or severally had at least 10 percent ownership interest, or eligible investments owned by applicant/partner joint or severally of at least AUD1.5million during the two fiscal years immediately before being invited to apply, have legally acquired net business, investment and personal assets of at least AUD2.25 million that are available for legal transfer to Australia within two years of the visa being granted. You will also need to score at least 65 points on the Business Skills Points Test.

  • Regis Legal
    March 28, 2020

    Yes, you and your life partner can apply as a family in a combined application. The assets for both husband and wife applicants (or de facto partners) are counted towards the total net assets for eligibility of the investor visa. It does not matter that the assets are not all in your name, as long as you can provide proof of your relationship and ownership of those assets.

  • Education Overseas Academy
    March 28, 2020

    For the Investment funds for investor 2 visa, the requirement is that you need to provide evidence showing that your investments (and/or assets) are owned by you or jointly by you and your partner if they are included in the application. Accordingly, the value you can claim for your nominated funds depends whether they are owned by you, or jointly by you and your partner. If you own an investment jointly with your partner, you can claim the full value of the investment as long as your partner is included in your application. Where the investment funds are not owned by you, or jointly owned by you, such funds are not able to be included in the nominated investment funds. This is because there must be evidence that you have control over the nominated investment funds.

  • Cargil Migration Consulting Ltd
    March 28, 2020

    It may be possible. You and your wife have to hold eligible investment assets. This mainly depends on where the assets are held. In addition, you need to show your business/investment acumen.