Australia Sharply Reduces BIIP Visa Availability for 2023/24 Despite Record Backlog
“The future of the BIIP is uncertain,” writes James Hall, pointing to new planning levels that will exacerbate the already huge backlog.
Read more“The future of the BIIP is uncertain,” writes James Hall, pointing to new planning levels that will exacerbate the already huge backlog.
Read moreHoping to reduce 30-month processing times for business investor visas, Australia’s government is drastically restricting new applications.
Read moreVietnamese, Iranian, South African, Indian, and British applicants all saw approvals far above historical norms, even adjusting for the higher quota.
Read moreThe total investment amount for the Investor Visa will rise from AUD 1.5 to AUD 2.5 million on July 1st.
Read moreAustralia expects the majority of approved BIIP applications this year will come from the 24,000-strong backlog of cases.
Read moreProcessing capacity has tumbled since the onset of the pandemic, but Australia has plans to make up for lost investment this year.
Read moreAustralia is bringing wide-ranging changes to its extremely popular BIIP, cutting five categories and raising capital requirements.
Read moreThe Ministry is targeting “those who are going to grow Australian businesses, create Australian jobs and supercharge our economic recovery.”
Read moreCapped at 6,862 applications a year, Australia’s BIIP is invariably oversubscribed. This, says the government, leaves room for significant price increases.
Read moreThe 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.
Read moreClose to 80,000 investor migrants and dependents have obtained Australian visas under the BIIP, but 18,682 applicants are “in the pipeline”.
Read more