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Australia Significant Visa Program

Australia Significant Visa Program

A scheme was put in place in November 2012 called the significant investor visa program, the aim of the program is that it will entice budding migrants who have a prominent amount of past experience and prosperity in investment and in business. Migrants who meet the criteria can help to enhance the economy in Australia. In order to have an application accepted the on the significant investor visa program, the applicant must be able to access $5 million AUD and be willing to invest it into the economy of Australia via the business innovation and investment visa category.

The government of Australia is devising way which they can place prioritise on the significant investor visa program in order for it to become a prompter service for applicants, allowing suitable investors to migrate more efficiently at a quicker pace into the country. At present there are around 400 prosperous investors willing to make investments through the program, but it is feared that with the prolonged processing time for visa applications promising investors might decided not to commit. Loosing a promising investor could pose repercussions on the Australian economy. The government of Australia aims to make the requirements for residency for secondary applicants and also members of the initial applicant a main focal point, in addition to this, the Australian government plans to work alongside the migration agencies, the Australian community and work with the multicultural population to find and pinpoint acceptable applicants who are eligible to be accepted through the significant investor visa program. 

An open message will be issued to all migrants looking for an exciting investment opportunity that the significant investor visa program is a brilliant option. The rejuvenated program hopes to be more accessible to investors and hopefully attract a greater deal of attention from the investors, which will contribute to a greater amount of investment funds being distributed amongst smaller businesses and entrepreneurs who are in the first stages. A change of credentials which the applicant must adhere to will guarantee that the processing procedure is accurate and that the requirements of the applicant are sufficient for the application. Satisfactory investors for the significant investor visa program are not obligated to have a good understanding of English or be in a certain age band, as there are no limitations on the applicants age. The usual points test from the department of immigration and citizenship is also not a requirement of the program.

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