All About Australian Immigration Visa by Investment

Australia or the land down under, has a unique cultural diaspora. Immigrants from all over the world come to the country and set up their business. A stable economy is what is the most attractive factor for them. That said, here’s all you need to know about the Australian immigration visa by investment.

·         It is separated in two stages – Australia has two stages of immigration visa by investment. The first one is provisional and the second one is permanent. The visa lets the investors contribute to the economy of the country in a significant way. It is further divided into four streams, which include –

o   Business innovation stream

o   Investor stream

o   Significant investor stream

o   Premium investor stream

·         How to qualify – To qualify for the visa, you as an investor need to invest the minimum of AUD 1.5 million (for the Significant Investor Visa) or AUD 15 million (for the Premium Investor Visa). Also, you need to be nominated by an Australian state, territory or the Austrade (Australian Trade Commission). It all depends on your application category.

·         Benefits of the visa – The visa grants will grant the investors a temporary residence. They can not only run their business and continue to make investments, but can also bring in and out of the country. If they have qualifying family members, they can also bring them to Australia.

·         What is the validity of the provisional visa? – The provisional visa will be valid for 4 years and 3 months. In this duration, the investors can also apply for their permanent residency. They can do this at various points, based on their investment streams. Sometimes, the visas can be extended, again, based on the streams.

·         What are the pre-qualifications- Some of the pre-qualifications for the visa that is not for the premium investors, include the age limit of 55 years or below. Certain states can waive it, depending on the level of investment. The investment amount depends on the visa streams and can be a combination of cash, shares, bonds, assets and property. All the amount needs to be acquired legally.

Calling it a day

Apply for Australian immigration in Saudi Arabia by choosing the best immigration consultants near you. They will help you complete the visa process from the very start and take care of everything so that it is all hassle-free. Want to know more about such visas? Keep a tab on this space for similar write-ups.