Australian Immigration Investment visa is for those applicants who have a good successful business or investment background. They must have significant amount of net assets. Person should be willing to make investment in a selected business or program in the country for at least four years.
This visa is for those investors and entrepreneurs who want to make invest in an existing or new company/ business in the country. This visa requires a non-refundable visa charge at the time of lodging visa application. This visa allows immigrant to work in the country. He/ She can travel in and out of the country as many times as he/ she wants until the visa expires. Applicant may pursue his/ her academic goals as it allows immigrants to study. Immigrants are allowed to bring their family along with them. The family members get the same benefits as the immigrant. They can study, work and live in Australia as per visa validity.
Family includes principal applicant’s partner and their dependent children along with other dependent relatives that live with the applicant. This visa has number of categories and if you get residence business visa approved then you get to stay permanently in Australia. You can travel in and out of the country for five years from the date of visa being granted. To continue your freedom for travelling in and out of Australia as a permanent resident after the initial visa has expired, you are suppose to acquire a Resident Return Visa (RRV). This visa provides you the access to social security payments in the country.
Help with medical expenses and hospital care facilities are provided by Australian Government through a scheme called Medicare. After gaining approval for permanent resident in Australia, immigrant may be entitled to enroll in Medicare. After 10 days of arrival, immigrant can go to a Medicare office with his/ her passport or travel documents to avail the facilities. Private Health Insurance is also available for applicants, but it is not an obligation for the approval of this visa.
Another benefit that can be availed by this visa includes Special Benefit program. This program is helpful when circumstances go beyond your control and you suffer losses. These losses does not include running out of money or loss at work.
For permanent business visa, you should have valid provisional business skills investor visa, which means you should fulfill all eligibility criteria of this visa program. Relevant state or territorial authority should sponsor you.
To be eligible for this visa you must have met the obligations of the Business Skills Investor (Provisional) (Subclass 165) visa, along with meeting the following requirements. You must provide evidence of each of the requirements with your application. Successful and clean business record is another must requirement for Australian immigration investment visa category. You should have genuine and realistic commitment to maintain an investment or business in Australia. It should have been four years of investment in the country at the time of lodging the application. You will have to go through a health checkup via doctors or medical practitioners appointed by Australian immigration department.
The rules and regulations for business and investment visa keeps on varying according to the economy and requirement of Australia. A good immigration consultant can help you through the process and make it simpler and quicker.
