Investors thinking of starting or expanding their business overseas can explore the opportunities associated with investor visa Australia. If you are an investor in doubt about your investment location, please continue reading this article as we are going to be explaining why you should be investing in Australia.
Overview of Australian Economy: why you should be investing here?
Over the last three decades, the Australian economy has undergone tremendous and steady economic growth, making it one of the top destinations for investors looking for investment visa overseas. Economic stability and resilience have been few of the leading factors fostering this remarkable growth, explaining partially why Australia’s average economic growth has comparatively been way above other advanced countries. In addition to that, Australia has a very skilled workforce, due to strong participation in some form of tertiary education and/or vocational training. Complementing the labour industry, the use of advanced technology and one of the world-class healthcare systems has further boosted the productivity of the workforce. Therefore, making investments in Australia a very profitable venture for investors. If that is not a sufficient indication of how efficiently your business will be running in Australia, you will be thrilled to know that with majority of the Australian population living in the urban areas, you will have access to all the amenities of the ever-envied urban life, including, access to top-notch infrastructure stretching throughout the country.
Looming clouds of COVID-19 and finding the silver lining.
The global pandemic has undoubtedly slowed down the growth of the Australian economy, but the pandemic has also not been partial to the growth of the rest of the world either. In fact, Australia has fared far well in terms of handling the risks of the spread of the virus compared to other countries. The relentless and the rigorous actions taken by all levels of the government in containing the virus has been a true mark of dedication of the Australian government and other stakeholders, in ensuring to bring sustainable stability at the fastest feasible way. Furthermore, a variety of stimulus packages have been periodically introduced to support businesses and households during this difficult time, generating economic activities. Due to the coalesced efforts of the Australian Government and the RBA, the economy is already on its way to recovery and the results will be more evident in the coming months. As the COVID-19 restrictions are easing, and with roll-out of COVID-19 vaccines, we are seeing higher growth and it is projected that whenever borders are reopened Australia with undoubtedly be the prominent destination for investors worldwide. Therefore, right now is the best time to explore your opportunities as an investor and make your mark in the field.
How to enter the Land of Opportunities?
There are different kinds of investment visa streams requirements that allow you to set up your business in Australia. If you would like to come to Australia for a short period of time in order to investigate your opportunities as an investor and develop network supporting your business, you can opt for Electronic Travel Authority visa (Subclass 601), which allows you unlimited visits to Australia for a 12-month period, and each visit can be for a maximum of 3 months. If you already have the business skills and you are certain that you are going to set up a new or an existing business in Australia, you can opt for Business Innovation and Investment (Provisional) visa (subclass 188). This visa allows you to stay for up to 4 years and 3 months, and you also have the scope to apply for a permanent Business Innovation and Investment (Permanent) visa (subclass 888) Business Innovation stream.
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