Australia is embarking on a campaign to attract more foreign investment.
A new “significant investor visa” will be launched next month, for foreign investors who invests $5 million into Australia.
The Department of Immigration and Citizenship says:
- This program will benefit Australians and those who choose to invest here.”
- “The Business Innovation and Investment program is designed to increase entrepreneurial talent and diversify business expertise in Australia.”
- “It is positioned to target migrants that have a demonstrated history of success in innovation and business and are able to make a significant contribution to the national innovation system and to the Australian economy.”
Analysts are predicting that in five years, Indian investment alone could see $30 billion pumped into the Australian economy, and the DIAC have clearly targeted the subcontinent with this visa option. The general perception in India is that investment concessions in Australia aren’t as generous as other nations; hence why this special visa will be introduced next month.
Treasurer Wayne Swan said recently that Australia’s economy is strong, with low interest rates, low inflation, and low unemployment.
As always you should consult an experienced migration lawyer and consider all visa options before adopting a visa strategy.
The Migration Place has over a decade of experience in advising clients on all visa options and we consider the processing times, bridging visa options and visa conditions with each visa option before advising you on the best visa strategy.