Australian Immigration
March 23rd, 2008The Investor (Provisional) Visa is for people who can demonstrate a successful business career and have a genuine and realistic commitment to be involved in investing or business in Australia.As the holder of an Investor (Provisional) Visa, you are eligible to make an application for a Business Skills (Residence) Visa after establishing the requisite level of business or maintaining an eligible investment for a specified period.
Australian program is also quite popular but as the UK program, you do not get the residency right away automatically. On top of that the investment is a lot higher than the Canadian program and the delay of processing is quite long (up to 12 months).
Consultants and lawyers make their money on the fees they charge you for filling out the administrative paperwork. Their fees can reach $ 15 000 and the Australian gvnmt processing fees hover around $ 3000.
AUSTRALIAN INVESTOR VISA BASIC REQUIREMENTS
The Investor (Provisional) Visa is for applicants who are under 45 years of age and have an overall successful record of investment or business activity with a total of at least three years experience of direct involvement in managing one ore more qualifying businesses or investments.
Applicants over 45 years of age, but less than 55, may qualify for the State/Territory Sponsored Investor Provisional Visa that has a lower financial threshold. Applicants must also demonstrate that they have at least vocational-level English.
In addition to providing evidence of involvement in managing a business or investment, applicants must demonstrate that they have significant business and personal assets of a sufficient net value to settle in Australia. Prior to Visa being granted, applicants must make a designated investment of AUD$1,500,000.
As part of the process, applicants must also demonstrate a realistic commitment to maintain a business or investment activity in Australia once the designated investment has matured.
AUSTRALIAN INVESTOR VISA ENTITLEMENTS
The Investor (Provisional) Visa type requires you to invest funds in a designated investment in Australia for four (4) years. Family members will be able to accompany you on this Visa type. They will also enjoy work and study rights.
The Visa is valid for a period of 4 years and enables you to travel in and out of Australia freely during that period.
Upon satisfying certain requirements, you may qualify for permanent residence under one of the Business Skills (Residence) categories. This second stage may also require sponsorship from a participating state/territory government.
Business Skills (Residence) Visas
The Business Skills (Residence) category of visa is the second stage of Business Skills entry providing for permanent stay in Australia with a resident return facility valid for five years from the date of grant.
- Business Owner is for people who hold a Business Skills (Provisional) visa and have had an ownership interest in a business in Australia for at least 2 years with significant personal and business assets, turnover as well as a minimum number of employees. Applicants must have been in Australia for at least one year in the two years immediately before applying. Applicants in this category may be sponsored by a state/territory government.
- Investor is for people who have held a Investor (Provisional) visa and a Designated Investment for the minimum 4 years and who have lived in Australia for at least 2 years in the four years immediately before the application is made. Applicants in this category may be sponsored by a state/territory government.
for more details visit the official Austalian government website