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Australia is a land of opportunities, with a thriving economy and infrastructure that is perfect for business investment. As a result, it’s no wonder that many investors are looking to invest in Australia. However, to secure an investment visa, you must adhere to stringent requirements and conditions to ensure your application is successful. In this blog post, we detail the essential requirements of citizenship investment visa to Australia, the different types of investment visas, and how you can increase your chances of getting a visa.
Different types of Investment Visa
It is essential to acknowledge that Australia has different types of investment visas, which have different eligibility requirements and visa conditions. The most significant difference between these visas is whether they require you to invest in an existing business or start a new business. The types of investment visa to Australia include:
- Business Innovation and Investment (Provisional) Visa (subclass 188)
- Business Talent (Permanent) Visa (subclass 132)
The Business Innovation and Investment Visa is a temporary visa that permits investors to stay in Australia for up to four years, and it can lead to a permanent residency. This visa requires you to invest in an existing Australian business or steadfastly start a new business. On the other hand, the Business Talent Visa is a type of permanent residency visa that demands a significant investment in an existing Australian business or to establish a new business in the country.
The Minimum Investment Requirement
To secure an investment visa to Australia, you must make a significant investment in the country. The minimum investment amount is quite substantial at AUD 1.5 million for the Business Innovation and Investment Visa or AUD 5 million for the Business Talent Visa. However, investing in regional areas is often a cheaper option than investing in metropolitan areas. This is an excellent incentive to develop and support rural areas rather than just investing in metropolitan areas.
Genuine Business or Economic Development
To secure an investment visa to Australia, the investment you make must demonstrate a genuine interest in business expansion or economic development. The immigration office carefully scrutinizes every application, and your investment must align with the country’s strategic priorities and economic policies. The critical factor here is to show a robust business plan with a compelling proof of its likelihood of success. The official language used to describe the business plan is “Value-add” and “Transferrable.”
Diverse Investment Portfolio
The diversity of the investment portfolio is essential for Australian authorities when considering the grant of a visa. It would be best to diversify the investment portfolio into different sectors of the economy to mitigate risk. This is because the government of Australia wants to ensure that they attract foreign investments that spread risk across various sectors. Hence, investing in a diverse investment portfolio strengthens your application, and it increases the chances of success.
Conclusion
Investing in Australia can be the beginning of a great adventure for entrepreneurs looking for a new market to explore. However, the requirements of an investment visa to Australia are quite stringent. The different types of visas, high investment minimums, and genuine interest in business expansion can make the process difficult. Therefore, it’s essential to seek professional legal advice from certified Practicing Accountants. This will help you build a robust business case and improve your chances of securing an investment visa to Australia.
