Oz calling! Beaches, booming business, and good coffee – what’s not to love? No surprise everyone wants to settle down in Australia. So, if you’re a baller with a stacked investment portfolio, the Premium Investor Visa (PIV) might be your fast track to living there permanently. But what exactly is this visa, and is it really for you? This guide will break it down in a way that’s crystal clear.
How quickly can you become a permanent resident with a premium investor visa?
This visa lets you skip the line for permanent residency compared to other business visas. It’s like the express lane! Just keep your investment chillin’ for a year with the PIV, and then you can ditch the temporary status and become a true Aussie legend.
Who qualifies for a premium investor visa?
The PIV is for the big shots – investors with some serious coin. Here’s what you’ll need to tick off your list:
- A-okay from Austrade: To become a true Aussie economic hero, you gotta get a fist bump from Austrade. They gotta see you as the next big thing down under!
- Big investment, big rewards: You gotta commit to splashing at least AUD $15 million on approved investments.
- Business brains (bonus points): You don’t necessarily need to be a business whiz to apply, but some experience definitely wouldn’t hurt!
What types of investments qualify for a premium investor visa?
Investing is basically like picking adventures for your money. You gotta decide if you want a relaxing cruise or a rollercoaster ride. Think of it like picking your investment flavour:
- Stock market whizz: Want your money to potentially take off? Dive into the ASX and watch it fly (maybe).
- Safe and steady: More of a “slow and steady wins the race” type? Aussie government bonds are your chill zone.
- Corporate climb: Wanna be BFFs with big Aussie companies? Invest in their bonds and climb the corporate ladder (kind of).
- Business boss: Up for a challenge? Invest in established Australian businesses with high growth potential.
Can you conduct business activities while holding a premium investor visa?
Yep! Here are the business activities you can pursue with a premium investor visa (PIV) and the key things to keep in mind:
- Go getter on a new quest: The premium investor visa in Australia opens doors for you to become a full-fledged entrepreneur in Australia. You can fire up a brand new business idea you’ve been dying to try, or if you see a gap in the Aussie market, this is your chance to fill it and be the boss!
- Expand your horizons: Already have a thriving business overseas? The PIV lets you establish a branch of your existing company in Australia. This is a golden opportunity to tap into the booming Aussie economy and reach a whole new customer base.
- Become an investor extraordinaire: It doesn’t restrict you to just managing your own business. You can also throw some money into already successful Aussie companies. It’s a good way to spread your investment bets and maybe even cash in on Australia’s bright future!
Note: It’s important to remember that the PIV does come with some limitations regarding your level of business involvement. You won’t be able to be directly employed by a company you invest in through the PIV program. Just FYI, you might not be able to go all-in on this business full-time. Plus, to avoid any visa woes, it’s best to chat with an immigration lawyer. They can spill the tea on what kinda of business stuff is okay under this visa and how much you can actually be involved. This will help you navigate the legalities and ensure your visa journey runs smoothly.
How much time do you need to spend in Australia with this visa?
There’s no need to be glued to Aussie soil with the PIV. You can still apply for PR even if you haven’t spent a ton of time physically here. This makes the PIV ideal for busy international investors who can’t relocate right away.
Can your family apply for permanent residency too?
The PIV is a family affair! Unlike some other business visas, it allows you to extend permanent residency benefits to your closest companions. Here’s who can join you on your Aussie adventure:
- Your Spouse: Your rock, your partner-in-crime – your spouse can be included in your PIV application. This means they can enjoy the same permanent residency benefits as you, allowing them to live, work, and study freely in Australia, including the perk of travel freedom.
- Dependent Children: Building a future for your family is a top priority, and the PIV reflects that. You can totally include your dependents on your application. That means top-notch Aussie education, healthcare, and all the sweet stuff this country has to offer. They’ll be on the fast track to becoming citizens alongside you in no time.
- Eligible Relatives (Bonus!): The PIV goes beyond the immediate family. In some cases, you may even be able to sponsor certain eligible relatives for permanent residency. This could include dependent parents or even dependent siblings under certain circumstances. Consulting with a migration lawyer can help you understand the full picture of eligible relatives under the PIV program.
This PIV visa isn’t just about you – it’s a chance to bring your whole crew along for the ride! Picture this: you, the kids, and the whole fam down under, exploring the Great Barrier Reef together. Plus, having your parents nearby for all the ups and downs of starting fresh in Australia? Sounds pretty sweet, right?
Is a premium investor visa right for you?
The PIV packs a serious punch for high-net-worth individuals chasing permanent residency in Australia. With its flexible investment options, business freedom, and relaxed residency requirements, it caters to a wide range of investor profiles.
Bircan Migration can be your partner throughout the entire process, from checking your eligibility to crafting a rock-solid application. Our migration experts will make sure your journey to Aussie PR is smooth sailing. Don’t wait – talk to a Bircan Migration Consultant today!
