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. […]