Vietnamese, Iranian, South African, Indian, and British applicants all saw approvals far above historical norms, even adjusting for the higher quota.
The total investment amount for the Investor Visa will rise from AUD 1.5 to AUD 2.5 million on July 1st.
Australia has made it a criminal offense for its citizens to return if they’ve recently been in India. Michael Krakat questions the legality of this move.
Australia expects the majority of approved BIIP applications this year will come from the 24,000-strong backlog of cases.
Processing capacity has tumbled since the onset of the pandemic, but Australia has plans to make up for lost investment this year.
Australia is bringing wide-ranging changes to its extremely popular BIIP, cutting five categories and raising capital requirements.
While the program is as popular as ever, Australia has struggled to process applications during the pandemic.
In 2013, Nobel Laureate Gary Becker suggested the best way for a country to attract skilled immigrants was to sell citizenship at auction.
The Ministry is targeting “those who are going to grow Australian businesses, create Australian jobs and supercharge our economic recovery.”
The Universal Declaration on Human Rights states that “Everyone has the right to leave any country, including his own, and to return to his country.”
Capped at 6,862 applications a year, Australia’s BIIP is invariably oversubscribed. This, says the government, leaves room for significant price increases.
The program’s largest fund manager says that, thanks to non-SIV follow-up investments, total FDI arising from the program may be close to A$50 billion.
Close to 80,000 investor migrants and dependents have obtained Australian visas under the BIIP, but 18,682 applicants are “in the pipeline”.
We’ve put together an overview of the world’s most popular residence by investment programs, backed by official statistics. A note on the
Applications to Australia’s Significant Investor Visa (SIV) program has fallen from an average of 46 a month during the 2015/2016 fiscal year
Fresh figures from Australia’s Department of Immigration and Border Protection show that since its beginning less than four and a
