Preferential Visa treatment if you’ve five million Australian dollars to spare

If you’ve FIVE MILLION Australian dollars going spare, then you could be in line for preferential visa treatment under new rules set to be introduced by the Federal Government in the next couple of months.

Those who are able to invest that sum, will be eligible under the plan will receive concessional treatment when applying for permanent residency.

Immigration Minister Chris Bowen says there are already some special arrangements in place, but he thinks it can be done better.

“We want to attract people who want to invest in Australia,” he said.

“I think we can do it better, I think we can attract people, particularly people who want to innovate, who want to take risks, who want to invest in areas which might have trouble attracting capital in Australia.”

Mr Bowen said the Government would also make changes to the broader business visa program.

“We want them to make a commitment to Australia financially, we also want them to make some commitment to Australia emotionally, and we’ll have a range of measures in place which I’ll be announcing later today to do that.

Category: Australian Visas
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