Investor Visa Australia (Subclass 891)
Australia attracts the ambitious global investors. For such people the government of the country offers the Investor Visa Australia (Subclass 891).
The nation has one of the most robust economies in the world. Due to its gravitation towards Foreign Direct Investment (FDI) the result has been higher Gross Domestic Product (GDP) growth rates that has averaged 3.6% over compared to the OEDC average of just 2.5%, between 1992 and 2007. Therefore, Oz attracts a lot of investors who wish to take advantage of its solid and competitive business and investment environment.
The hotspot offers several Permanent Residence Visa Programmes depending upon the requirements and eligibility of the applicants (For both economic and non economic classes).
Coming back to the Investor Visa Australia (Subclass 891), it is basically a permanent visa for the individuals who themselves or along with their partner have held a designated investment in the nation for a period of four years.
Benefits of Investor Visa
- This visa lets you and your spouse or de facto partner to stay in the nation for 4 years. Members of your family unit can also submit an application for this visa if you have already been granted it.
- It lets you work and study in the country.
- It lets you enroll in Medicare, the nation’s scheme for health-related care and expenses.
- It lets you apply for the prized citizenship if you are eligible.
- It lets you travel to and from the nation for five years from the date the visa is granted.
- Before applying, it is essential that you notify the business development agency in the state or territory in which you, or a member of your family unit, intend to continue your investment activity.
- You must be the primary holder of an Investor (Provisional) (subclass 162) Visa.
- You are required to live in the country for a total of at least two years in the past of the four years immediately before you apply, while holding an Investor (Provisional) Visa (subclass 162).
- You and all your family members meet health and character requirements.
- You must meet the essential business requirements.
- You or you and your spouse or de facto partner together, have held continuously for at least 4 years, in your name or your partner’s name, your designated investment in Australia of 500 000 Australian Dollars (made for the purpose of being granted an Investor (Provisional) Visa (subclass 162).
- You or your partner has never been involved in unacceptable business or investment activities.
- You must have no outstanding debts to the Australian Government or have arranged to repay any outstanding debts to the Australian Government before this visa can be granted.
However, before submitting an application for any specific visa or immigration programme, always hire a skilled immigration consultant who can help you choose a programme that better fits your particular qualifications and experience, and can guarantee a complete and well presented application for you.