Following Australia's Victoria and South Australia, Western Australia has recently officially announced the latest policy for business investment immigration for the 2021-2022 fiscal year. The details are as follows:
【188 Business Innovation Category】
Suitable for small and medium-sized entrepreneurs
Application conditions:
1. In 2 out of the last 4 years, the main applicant and spouse hold at least 30% of the company's shares;
2. In the corresponding 2 years, the company's annual turnover reached $750,000 Australian (originally $500,000 );
3. The family's total assets are over$1.25 million ($originally 800,000 );
4. The main applicant is under 55 years old and can bring unmarried children under 23 years old in school;
5. The EOI score reaches 65 points.
Requirements for transfer to permanent residence:
1. Before applying for permanent residence, you must have been operating a business in Australia for 2 years, and the turnover of the business must be at least $300,000 in the 1 year prior to the application;
2. In the 2 years before applying for permanent residence, have lived in Australia for a total of 1 year and purchased a house in Western Australia;
3. The business in the year before the application meets 2 of the following 3 points:
(1) Hire 2 full-time employees;
(2) Regenerate an asset to reach $200,000 ;
(3) Total assets in Australia reach $600,000 .
【188 Investment Category】
Suitable investors with certain investment experience and assets such as real estate and stock trading.
Application conditions:
1. Have at least 3 years of investment management or business experience, and directly participate in a $1.5 millionin at least 1 of the last 5 years; or hold more than 10% of the company's shares in at least 1 of the last 5 years;
2. In the past 2 years, the family's total assets reached $2.5 million (formerly $2.25 );
3. The main applicant is under 55 years old and can bring unmarried children under 23 years old in school;
4. Invest $2.5 million into a compliance fund recognized by the government:
·At least 20% ($500,000) is used for risky growth investment;
·At least 30% ($750,000) for investment in emerging companies;
·Up to 50% ($1.25 million) is used for balanced investment;
6. The EOI score reaches 65 points.
Requirements for transfer to permanent residence:
1. Investing in compliance funds for 3 years and above;
2. In the 3 years before applying for permanent residence, have lived in Western Australia for 2 years and purchased a house in Western Australia;
3. After the compliant investment expires, keep the investment money in any type of investment in Western Australia.
【188C Major Investor Type】
Suitable for high-net-worth individuals
Application conditions:
1. No academic qualifications, no English requirements, no age restrictions, with investable assets above $5 million;
2. Invest $5 million in compliance investment products in Australia, including:
·At least 20% ($1 million) is used for risky growth investment;
·At least 30% ($1.5 million) for investment in emerging companies;
·Up to 50% ($2.5 million) is used for balanced investments.
Requirements for transfer to permanent residence:
1. In the 3 years before the application for permanent residence, the main applicant has lived in Western Australia for 120 days, or the spouse has lived in Western Australia for 540 days, and has purchased a house in Western Australia;
2. After the compliant investment expires, keep the investment money in any type of investment in Western Australia.
In the latest ranking of the world's most liveable cities in 2021, Perth, the capital city of Western Australia, ranks 6th. Perth has a pleasant environment. A swan river divides Perth into two parts. At the same time, Perth has a strong economic foundation, a competitive market, and rich tourism resources. It is Australia's number one best destination for business, investment and tourism.
