With a clear intention of luring overseas immigrant investors, Department of Immigration and Citizenship Australia (DIAC) announced a new scheme earlier this year. The new scheme is aimed to allow overseas investors by letting them obtain visa quickly and thus permanent residency. The investors however need to meet the investment criteria and must be able to invest at least AU $5 million in Australia economy.

The new measure will serve its main purpose of tantalizing the sense of fresh and young investors, who are interested in Australia immigration and keen to stay in the country. To be eligible for the scheme, one must be capable of satisfying minimum investment criteria of $5 million in those of the approved projects.

The investors have to invest mainly in infrastructure, real estate projects, private companies and other such projects.

While talking about the new measure, the Australian immigration minister, Chris Bowen said that the new category is the most significant plan of attracting passive investors who must be capable of contributing to the economyas well as generating more employment opportunities for Australians.

“We are keen to attract potential investors from across the world with good proprietorship skills and business track record. They must be able to make commitment of required investment and boost economic growth. The investors must be able to create employment opportunities for local people.”

Queensland, an Australian province, seems to be a top choice for the aspirants under the new scheme. The province also showed its clear intention of offering relaxation in onerous visa requirements and claimed 14 per cent of total immigration intake in 2011.