Know More about Australia Business Investor Visa Program Requirements!

A large number of people from across the world love to fly to Australia in search of better jobs or lifestyle. Some people are interested in finding a new business venture Down Under. With the economic development of 3.4%, the Kangaroo Land is one of the best places to invest in. The country has shown good development across various sectors.

Those who are looking to make an investment in the country must know that an applicant must not be more than 45 years old. The investment should be for at least four years and he must have invested AUS$1,500,000 before his visa is granted.

The applicant must also have enough net assets to settle in the nation, with ease. With this, the net asset of the person applying for the visa must be minimum AUS$2,250,000 that can be easily transferred to the nation within the next two years. The person must notify the place wherein he is willing to invest at, in advance.

This visa allows the person to make a specific amount of investment in the nation’s economy. It also gives freedom to the person having the visa to travel in and out of the country for as long as his visa is valid.

Not only the person having visa can enter the country but his entire family can also do the same who are also allowed to study and work there. With all the above advantages offered by the Australia Business Investor Visa Program, it also helps the visa holder to establish a path for Permanent Residency (PR) in the country.

Before one thinks for applying under the said program he must cater to certain criteria. Besides the investment made, the applicant must also be well educated and must have taken the IELTS Test in which he must have a score of at least five out of nine in all the areas.

Also, the applicant must have been involved with the business of investment in the last five years wherein the ownership has been 51% which must have a turnover which is less than AUS$400,000. If the ownership in a business is 30%, the turnover must be more than or equal to AUS$400,000. If the ownership is 10%, it must be a publicly listed company.

Those who are applying for this visa must also fulfill the character and health requirements to get the visa. Canberra is very much concerned with the type of person entering its shores, and thus these requirements must also be fulfilled.

The applicant must also have good health and for this he must undergo a medical examination and a chest X-ray which must be taken by doctors selected by the Australian Government. The applicant must not have any kind of criminal record for the past 10 to 12 months.