Significant Investor Visa Conditions Released

By |August 30th, 2012|

Back in May we announced that the Australian Immigration Department were to release a new Visa for people with stacks of cash ($5 Million AUD+) to invest in Australia. They creatively titled it the Significant Investor Visa.

Today, the minister for Immigration and Citizenship, Chris Bowen, released the full conditions for this new visa class.

The significant investor visa, first announced in May, is being introduced as a key component of the Government’s business innovation and investment program, and requires visa holders to invest at least AUD 5 million.

The visa will commence from 24 November this year, when applicants can submit an expression of interest through SkillSelect. […]

Business Innovation and Investment Program Points Test – An Overview

By |June 1st, 2012|

As we posted yesterday, the The Business Skills Program will be replaced by the Business Innovation and Investment Program on 1 July 2012.

Business Innovation and Investment is a niche category in Australia’s skilled migration program. It aims to directly create new business as visa holders become business owners.

This is different to the general skilled migration and the employer sponsored visa categories, which aim to supply skilled employees to existing businesses and industries at risk of skill shortages.

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.

Like many Australian Visa’s. Applicants under the business innovation and Investment program will be points tested. In the case of this particular visa, the points test gives points for various elements of human capital and business innovation. The test also includes objective measures of business performance.  We’ll provide a further overview of the points test below. […]

Investors And Entrepreneurs Targeted By New Skilled Visa Reforms

By |May 30th, 2012|

Do you have a spare $5 Million dollars burning a hole in you pocket?

If you do then you may be interested to read that the Minister for Immigration and Citizenship, Chris Bowen MP, and the Minister for Financial Services and Superannuation, Bill Shorten MP, have announced new Federal Government reforms to attract successful investors and entrepreneurs to Australia.

Mr Bowen said the government would introduce a new visa program, the Significant Investor visa, targeting migrants who could make an investment of at least $5 million in the Australian economy. […]