Pub­li­ca­tions

Aus­tralian Gov­ern­ment incen­tivis­es for­eign invest­ment in Australia


Late last year the Gov­ern­ment intro­duced two new class­es of visa designed to incen­tivise for­eign invest­ment in Aus­tralia. High net worth indi­vid­u­als who intend to invest, or have invest­ed, at least A$5 mil­lion in cer­tain class­es of assets can now apply for pro­vi­sion­al and per­ma­nent visas in Aus­tralia. There are no Eng­lish lan­guage or max­i­mum age restric­tions, although there are cer­tain restric­tions on the type of invest­ment which can be made.

For for­eign investors this cre­ates a good oppor­tu­ni­ty to invest in a safe mar­ket which has been insu­lat­ed from many of the effects of the glob­al finan­cial cri­sis, and to obtain a right to live and work in Australia.

For­eign investors should also check before mak­ing an invest­ment in Aus­tralia whether approval for the invest­ment is required from the For­eign Invest­ment Review Board, and whether any stamp or mort­gage duty is payable if the invest­ment involves property.

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This article is not legal advice and the views and comments are of a general nature only. This article is not to be relied upon in substitution for detailed legal advice.