Australia is one of the wealthiest countries on the planet, with a sterling reputation. It is a developed, multi-cultural country with a high Human Development Index that offers its citizens a high quality of life, economic freedom, and enough civil freedoms and political rights protection.
Australian Residence by Investment
Applicants for visas must meet certain criteria according to the visa subclass they are applying for. A visa application’s criteria will either be ‘at the time of lodgment’ requirements, ‘at the time of decision’ requirements, or a combination of both. If an applicant fails to demonstrate that they meet the criterion in a timely manner, their visa application may be denied. All visa subclasses require applicants to meet certain health, character, and public interest requirements.
The Business Innovation and Investment Program
There are four visa streams under the Business Innovation and Investment Program.
The Business Innovation and Investment Program has four visa streams.
The following items are included in the Business Innovation and Investment Program:
- Individuals must pass a points exam, have a successful business career with a business turnover of at least AUD 750,000, and have net assets of at least AUD 1.25 million to be eligible for the Business Innovation Stream. They must also obtain and retain substantial ownership and management of an Australian business, as well as spend at least one year in the nation.
- The Significant Investor Stream — Individuals must invest at least AUD 5 million in a compliant Australian-managed investment vehicle for the term of the provisional visa’s validity, and primary visa holders must stay in the country for an average of 40 days each year.
- The Entrepreneur Stream – Applicants must have a state or territory government’s support and have lived in the country for at least two years.
The temporary visas listed above provide a straight road to permanent residence after three years if specified residency, investment, or business turnover conditions are met. The visa will be valid for five years at first.