After four years, the candidate and family can move from Temporary Residence (TR Subclass 188) to Permanent Residence (PR) (PR Subclass 888).
Despite its size, investment is limited and regulated. Residency is limited to direct family members. There are presently no national quotas in place, and no investment is required until pre-approval is obtained.
Australia is a popular choice for HNWIs looking for residence through investment. Australia attracted 10,000 HNWIs through investment in 2017, the most of any country globally, ahead of the United States, which came in second with 9000.
Australia has a high level of life that is frequently ranked at or near the top in the world. It gets good scores for women’s and children’s safety. Australia is a great location to conduct business in Southeast Asia, and the economy has fared admirably, with 27 years of uninterrupted expansion without a recession.
Regulations are governing how the A$5 million can be invested in Australia in terms of investment immigration.
- In non-residential real estate, corporate bonds, and shares, the maximum is 60%.
- On Venture Capital at a Minimum of 10%