From the 1st of July 2021, Australian Residency BIIP Program investors will need to stump up an extra $1 million to gain a visa and live in Australia under the Investor Stream scheme.
The changes will take effect from July 1, and new regulations will shorten the time towards permanent residency for the investors. Now, if the requirements are met, applicants will be able to apply for permanent residence after 3 years.
The immigration minister of Australia, Alex Hawke commented: “Australia is an attractive destination for investors and these changes will directly benefit emerging enterprises, the commercialisation of Australian ideas, and research and development.”
“Increased investment thresholds and the adjustment of investment ratios to focus more on venture capital and private growth equity will better support innovation and emerging enterprises in Australia.”
Australian BIIP Residency by Investment program offer a direct pathway to permanent residence after 4 years. To participate in BIIP Australian Program, visa applicants must meet requirements to satisfy health, character, and public interest criteria.
Australia is the world’s sixth-largest country and one of the first countries to establish democracy in the modern world. Being one of the wealthiest countries in the world, Australia offers well-developed multicultural environment, high quality of life, protection of civil and political rights and economic freedom to its residents.
At the moment, Australia is world’s 14th largest economy and has over 25 million population that is centred in urban areas in the east and in coastal areas. The largest cities in Australia are Sydney, Melbourne, Brisbane and Perth, all have something to offer for each visitor.
Australian BIIP program offer a direct pathway to permanent residence after 4 years, subject to meeting certain residence and investment or business turnover requirements. The program lets the whole family live in a multicultural environment with political, social and economic stability. Children obtain access to high-standard schooling and Australian universities. In addition, Australia is one of the best places for the business investment due to its stable and growing economy.
Temporary business visa streams offer a direct pathway to permanent residence after 4 years, subject to meeting certain residence and investment or business turnover requirements. The Business Innovation and Investment Program includes the following business visa streams:
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Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).
For further information or to discuss your personal circumstances in a private consultation with our immigration lawyers in London Office, please contact us at email@example.com or call +44 207 993 63 46.
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