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Overseas Investors and Entrepreneurs are high in Demand in Australia

April 2016, 02
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As part of innovation package from the Australian Government, it has declared changes to its Significant Investment Visa, introduction of latest Entrepreneur Visa and future incentives for investors in startup firms.

The announcement that has been made by the Australian Government is part of the innovation initiatives that would help the overseas investors to invest in the technology sector of Australia and also facilitating the business and skilled immigration for supporting the emerging markets in the country.

Modifications to Significant Investor Visa 

Modifications to the Significant Investor Visa (SIV), that came into force last year July month, has focused the overseas investment on emerging enterprises, business enterprise capital and development private equity funds for investing in the startup firms and small firms.

This SIV is a interim visa that offers a route to Australian PR for its holders who meet such requirements that includes job and residency requirements and entitled investment.

The SIV applicants need to invest around five million Australian dollars in complying key investments for the period of four years.

Additional tax incentives for investments in startups of Australia

The government has also plans to implement additional tax incentives for the investors who invest in complying startup firms. This step is intended to apply to the shares which would be issued from this year’s July month.

Latest Entrepreneur Visa

The latest Entrepreneur Visa is planned to be introduced as a latest temporary visa from November this year. It would provide a latest route towards Australian PR and it also establishes a latest stream within the existing program for investment and business innovation.

Ideal individuals for this visa would be entrepreneurs with elevated development potential ideas competent of being implemented in Australia and who had acquired investment backing from the third party.

With this latest visa, the Australian government is hopeful for boosting the economic development and employment, mainly in the communications and information technology, science, engineering, mathematics and technology (STEM) fields .

The reforms to SIV, the planned tax incentives and the latest Entrepreneur visa offer latest prospects for international investors and businesspersons for participating in and helping the emerging markets of Australia.

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