How the 188 visa makes the booming Australian economy ideal suit for investment

Posted July 18, 2014 by SaraBro

The desire to invest in better prospects is taking investors to several places in the world. Investors always seek our places where investments are adequately rewarded.
The desire to invest in better prospects is taking investors to several places in the world. Investors always seek our places where investments are adequately rewarded. In some countries, the laws favour investment and in some others they do not. Australia is certainly one among the select few countries where the laws greatly favour foreign investment. The applications of the 188 visa that allows foreign investors to invest in Australia reflect the same. In the recent past, there have also been several special investors in Australia. This is one of the major reasons for the country granting SIV (Significant Investor Visa) to visitors who are willing to invest more than AUD 5 million in the lucky country.
In the past few years, more and more people have been moving in to Australia, especially to the western half of the country to find better investment schemes. The West Australian economy has seen a boom in the last few years. The Significant Investor Visa sees to it that not only nationals, but also foreign investors have a chance to invest.
The number of people migrating to Australia has swelled up considerably. This is largely due to the investment opportunity which 188 visa presents before the investors. The 188 is a section under the Significant Investor Visa that opens up new vistas of opportunities for foreign investors looking to try a hand in the Australian soil. If not anything else, the provision sees to it that there are no strict laws that deter foreign nationals from investing in the land.
Under the provisions in the visa, there is no barrier to the age of the investor. This means that people of all ages can now invest in Australia. Upon that, the government has also not adhered to any language barrier in granting the visa. The translation would be that there are no rigid rules that demand the investor to be well versed in English to be able to make enormous investments. There are also no strict rules on the education of the investors. It is possible for people with any little education to obtain an SIV under the Australian government. Besides, there are also no extra requirements in skills.
There is only a minimum capital limit that the investors are to fulfil. If they have an investment capital in excess of $5 million, they are eligible to get branded as significant investors and receive the benefits that come with the same. This also allows the investor to stay for a period of four years in Australia. At the same time, there also lie chances of being granted permanent residency. The visa gives the investors two options in staying. They can either treat the country their home for the next four years or they can spend on an average a period of forty days in a year in the country.
Though the Immigration and Citizenship Department has seen investors refrained from real estate investment, there is room for the188 visa holder to invest in property as well. The investor can do that through a fund regulated by ASIC.
Need assistance in 188 Visa ? Find us to your aid in SIV assistance. For further information, visit our website.
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Categories Business
Tags 188 visa , siv
Last Updated July 18, 2014