Australia’s Investment-Based Options for Permanent Residence
The nation of Australia occupies the entire Australian continent and is composed of six states and multiple territories. The country is a recognized highly developed nation that has the world’s fifth highest per capita income and its twelfth largest economy. Moreover, Australia is also widely respected as a global power and is a member of the World Trade Organization, the United Nations, and G20.
Australia’s unique aboriginal culture and its rare animal species that are indigenous to the country such as dingoes, koalas, and kangaroos, attract millions of tourists to the country every year. Along with attracting tourists, Australia also has hundreds of thousands of foreign investor visitors every year. The nation’s strong economy that rests on its tourism, financial services, and education sectors has greatly benefited from international investment. The country is also exceedingly rich in natural resources and is a major international exporter of wool, wheat, iron-ore, and gold.
In order to encourage further foreign investment, Australia offers many investment-based visas that result in permanent residence and ultimately citizenship.
Australia’s Business Talent 132 Visa
In order to apply for the Business Talent 132 Visa, the investor must first submit an Expression of Interest to the Australian Department of Immigration and Citizenship and receive an invitation to apply for the visa.
Once the investor receives the invitation, the investor may apply for the visa. To qualify for the Business Talent 132 visa, the investor must either possess a substantial business background which includes an ownership interest in a business and a genuine intention to manage a new or existing Australian business, or possess an entrepreneurial business idea for which the investor has obtained a minimum of $1,000,000A in venture capital funding from a member of Australian Venture Capital Association Limited. Regardless of how the investor qualifies, the investor must prove his/her intention to maintain a significant ownership interest in the business and must also verify that the investor will hold a managerial or executive role in the business.
If the investor meets these requirements, the investor and family will receive their permanent resident visas.