Latest news from the Honorable Brendan O’Connor MP, Minister for Immigration and Citizenship:
Friday, 03 May 2013
Australia’s first significant investor visa has been granted to a successful Chinese toy manufacturer and his young family, Minister for Immigration and Citizenship Brendan O’Connor announced today.
The significant investor visa was introduced in November 2012 to attract potential migrants with a demonstrated history of success in business and investment.
Under the scheme, significant investors must invest at least $5 million in the Australian economy under the business innovation and investment program. They become eligible for a permanent visa after holding a provisional visa and maintaining the $5 million investment in Australia for four years. (more…)