The Federal government investor visa scheme is thriving with $2.36 billion that has been put into the country’s economy from the day the union has joined into the government.
Assistant Minister for Immigration and Border Protection and the ministry assisting the Prime Minister for Women in the Abbott Government, Michaela Cash said that, it has seen its 500th candidate successfully in its newest count of the scheme.
The assistant ministry for immigration further revealed that, the visa allocation was a significant breakthrough that would give considerable advancement to the country’s economy.
During the labour government ruling, that is before the federal election, the strategy has encountered with only 15 approvals.
Significant investment visa programme is now gaining its actual growth under the Coalition government and expects to enhance more in future, said Michaela Cash.
The 500th visa was approved to a China investor who was put forward by the Victorian government.
All the investments for the programme range from territory bonds to directed funds and straightforward investments into the country’s companies.
The new count of the scheme follows the statement of the Australian government that the new investor visa will offer permanent residency for individuals who invest $15 in to the country.