Australian government has set a new path named premium investor visa, a high-priced visa that paves way for permanent residency in the country. It is one of the best alternatives for individuals who would like to move to the country for permanent residency at a fast pace.
This new premium investor visa is about to launch in the month of June in the coming year to quicken the permanent residency of investors who are ready to invest about Dh48m or 15 million Australian dollars for the development of the country’s economy. As a result, depositor can easily apply for permanent residency status after the duration of 12 months, which is the best way for residency in the country.
Apparently, few of the sources revealed that the new premier visa program is good for applicants who wish to have a trip across the globe for start-ups and to keep their corporation enhancing, which in turn aids in the growth of country’s economy.
This new visa is accumulated with new major investor’s visa that would offer permanent residency for overseas nationals within four years duration next to a lowest amount investment of 5million Australian dollars.
With the launch of this new investor visa, the country is expecting ultra-rich to common investments in its industries that requires financial boost.
The key norms of premier visa program were not yet promulgated. However, the requirements are not predicted to be strict than the current investor visa norms, as they are not going to involve any of the language or age requirements.
A prior requisite of permanent residency is that the individuals are requested to reside in the country for upto 160 days during the four years of investment tenure and won’t be there for new scheme, one of the big lure for global investors.
Most likely, there are many reasons for businessmen to opt for Australia, such as viable interest rates, two decades of continuous economic growth, high business competitiveness ranking, lowest macro economic and political risk and many others.