Investors thinking of starting or expanding their business overseas can explore the opportunities associated with an Investor Visa in Australia. How so? Let’s find out. 

Overview of the Australian Economy: Why You Should be Investing Here?

Over the last 3 decades, the Australian economy has undergone tremendous and steady economic growth, making it one of the top destinations for investors. Economic stability and resilience have been a 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 a world-class healthcare system has further boosted the productivity of the workforce. 

Therefore, making investments in Australia is a very profitable venture for investors. You will be thrilled to know that with a majority of the Australian population living in 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. However, Australia has fared far well in terms of handling the risks of the virus compared to other countries. The relentless and rigorous actions taken by all levels of the government in containing the virus have been a true mark of the dedication of the Australian government and other stakeholders, ensuring to bring sustainable stability in 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 ease and vaccines get rolled out, we are seeing higher growth and it is projected that whenever borders are reopened Australia will undoubtedly be a 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?

Different kinds of investment visa stream requirements allow you to set up your business in Australia. If you would like to come to Australia for a short period to investigate your opportunities as an investor and develop a network supporting your business, you can opt for an Electronic Travel Authority Visa (Subclass 601), which allows you unlimited visits to Australia for 12 months, and each visit can be for a maximum of 3 months. If you already have business skills and are certain about setting 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 Business Innovation and Investment (Permanent) Visa (Subclass 888).

Disclaimer: Kindly note that the information provided here does not constitute legal advice. This must solely be regarded as content that provides general immigration information and is not a substitute for professional legal advice that occurs between an immigration lawyer and a client. 

Path Migration strongly recommends readers to contact certified immigration lawyers for a holistic overview of the Australia immigration system and a detailed analysis of each case. 

‍