Stephens & Tozer receive enquiries from overseas business people who consider migrating to Australia. Many countries try to entice wealthy individuals to boost their economy, and Australia is no exception. For these business people, an Investor visa can offer the path to permanent residency.
There are three main streams for Investor visas:
- Investor stream – requires at least AU$1.5 million to invest;
- Significant Investor stream (SI) – requires at least AU$5 million to invest; and
- Premium Investor stream (PI) – requires at least AU$15 million to invest.
To apply under the Investor stream, applicants must be under 55 years of age. If you meet the age requirement, and have assets of more than AU$2.25 million, it is worth considering the Investor stream.
If you are aged 55 years or over, it is difficult to get sponsorship from an individual Australian State or Territory government under the Investor stream. So, those over 55 years of age have to consider the SI or PI streams.
The main differences between the SI and PI streams are as follow:
|Investment Amount:||AU$5 million||AU$15 million|
|Minimum time requirement for Permanent Residence Visa application:||4 years||1 year|
|Minimum residence requirement:||Primary Applicant – 40 days per year; or
Spouse – 180 days per year (calculated cumulatively)
|Investment requirements:||At least AU$500K in venture capital and growth private equity funds for start-ups and small private companies;
At least AU$1.5m in approved managed funds investing in emerging companies listed on the Australian Stock Exchange; and
The balance in managed funds.
Please bear in mind that all three investor streams commonly require the satisfaction of basic health, and character tests.
In Short, if you are young and have minimum assets, the Investor stream visa category is recommended. If you are mature, the Premium Investor stream visa category is recommended.
Tony Kim was admitted in 2004 and has practiced law in various environments – rural, urban, domestic and international – which enables him to provide practical and result oriented advice. Tony is fluent in Korean and has a NAATI accredited professional translator qualification. Should you require any assistance finding the right visa option for you, speak to the team at Stephens & Tozer today.
24 July 2018