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06:15 PM
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Want to move to Australia? Got five million dollars to spend? You're in!!!
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 28325927:MV8yMDYwNTE2XzM0NjY4NDgzXzIxQkRFNDEy] [quote:Anonymous Coward 28296798:MV8yMDYwNTE2XzM0NjY4MDAwXzc3NjQ5NzdD] Remember you don't have to pay the government 5 million dollars, you just have to "invest" it in Australia. Who knows what invest means, it could be anything. [/quote] I think it would be more complicated than that, as there are plenty of people with that sort of cash tied up in AUD or Aussie equities, and if that was the only requisite, they could divest it elsewhere or overseas after a few years upon confirmation of their visa. [/quote]
Original Message
WEALTHY Asian business people are lining up for the federal government's new ''golden ticket'' visa, which waives the usual criteria for skilled migrants - such as an ability to speak English - in exchange for a $5 million investment in Australia.
As Australia's refugee debate rages on, the federal government is rolling out the welcome mat for a select class of migrant and it expects 700 new wealthy residents annually under its Significant Investor Visa program, which opens for expressions of interest on Saturday.
For permanent residency, migrants must have $5 million and live in Australia 40 days a year for four years.
[
link to www.smh.com.au
]
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