Australia Residency By Investment

Australia

Australia is a great place to live in due to its beautiful landscapes, high-quality education, and excellent healthcare.

 

The Australian government recognizes that the country needs immigrants to sustain its population and economy. Australia immigration is actively working to establish a clear, transparent and efficient immigration program.

 

Australia has an open-door policy for migrants and settlers. It welcomes around 190,000 new permanent residents and citizens every year. It is one of the top destinations for skilled migrants after the US and Canada. Talk to our Australian law firm in UAE to apply for Australia for Dubai.

 

Australia is the sixth-largest country by land area. It is a sparsely populated, mostly urban nation with a population of more than 23 million people. This immigration country’s population includes a diverse mix of indigenous peoples and descendants from immigrants from many different nations.

 

The Australia innovator visa and Australia Business Visa programme (Business Innovation 188) was established by the government to entice high-net-worth overseas nationals to invest in Australia. Aspiring investors can pick from three different investment streams: Business Innovation Stream, Investor Stream, and Significant Investor Stream. While the programmes do not guarantee the applicant a permanent residency by investment permit in the nation, the temporary visas do provide them the possibility to get permanent residency after three years if they meet a set of residencies and Australia investor visa requirements criteria. The visas obtained under this programme have a five-year validity period.

 

It should be emphasised that under Australian taxes legislation, any income earned from investments made in Australia is subject to taxation. After their provisional visa expires, the investor must make a true and practical commitment to continue their business and investment activities in the nation. Another severe condition that all investors must adhere to is that the investor, alone or with his or her spouse, must have a combined net worth of more than AUD15 million, with evidence required upon request. In addition, the candidate and his or her dependents must have a proven track record in commercial or investing activity.

 

Finally, the investor or any of his family members above the age of 18 should promise that they will not sue the Commonwealth for any losses experienced as a consequence of their investment.

Business Innovation and Investment (Provisional) visa (subclass 188)

Australia start up visa is for people with business skills. It lets you operate a new or existing business in Australia.

Stay: Up to 5 years.

This Visa helps you to:

Eligibility:

  • score at least 65 on the points test
  • provide proof of your business success (annual turnover, ownership interest)
  • You, your partner, or you and your partner together, have total net business and personal assets of at least:
  • 2.5 million if you were invited to apply for this visa on or after 1 July 2021
  • AUD800,000 if you were invited to apply for this visa before 1 July 2021

Investor Stream

This provisional Australia passport requires you to invest at least AUD2.5 million in Australian investments that meet certain requirements and maintain business or investment activity in Australia.

Stay: Up to 5 Years

The Visa helps you to:

  • Carry out business and investment activity in Australia.
  • Bring eligible members of your family with you.
  • Apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Investor stream if certain requirements are met.

Eligibility:

  • Be nominated by a State or Territory government agency to invest at least
  • 5 million that meets certain requirements if you were invited to apply on or after 1 July 2021
  • 5 million in an Australian State or Territory if you were invited to apply before 1 July 2021
  • Score at least 65 on the points test
  • Have net business, investment and personal assets of at least AUD2.5 million

Entrepreneur Stream

For startup and early-stage entrepreneurs who have been endorsed to develop their concepts and been nominated by a State or Territory government agency.

Stay: Up to 5 Years

The Visa helps you to:

  • carry out entrepreneurial activity in Australia
  • bring eligible members of your family with you
  • apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Entrepreneur stream (if you meet certain requirements)

Eligibility:

  • Be nominated by a State or Territory government agency
  • Undertake, or propose to undertake, a complying entrepreneur activity in Australia
  • Show government a business plan for your entrepreneurial activity
  • Have at least competent English

For getting more information and to check your eligibility for Australian state nomination, please get in touch with 2nd passport agents in Dubai today.

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