Although Australia and New Zealand are two independent countries, they maintain a very close relationship. After immigrating to Australia and obtaining permanent residency, holding an Australian green card allows one to enjoy the same treatment as a New Zealand citizen; this is one of the reasons why so many people want to immigrate to Australia. July 2017 marks the beginning of Australia's new fiscal year; have there been any new changes to Australian immigration requirements?
I. Application Requirements for the Australian 188A Business Innovation Visa:
1. The primary applicant must be under 55 years of age; accompanying children must be under 21 years of age, unmarried, and enrolled in full-time education;
2. The couple's personal and family net assets must be no less than 800,000 AUD;
3. In two of the past four fiscal years, the company's annual turnover must be no less than 500,000 AUD;
4. In two of the past four fiscal years, the couple's shareholding in the company must be no less than 30%; if it is a listed company, no less than 10%;
5. The score in the SkillSelect (EOI) system must be no less than 65 points.
II. Application Requirements for the Australian 188B Investor Visa:
1. The primary applicant must be under 55 years of age; accompanying children must be under 21 years of age, unmarried, and enrolled in full-time education. In the past two fiscal years, the couple's personal and family net assets must be no less than 2.25 million AUD. In three of the past five fiscal years, the applicant must have had good direct investment and management experience. In one of the three declared investment management fiscal years, the applicant must have met the 1.5 million AUD investment requirement.
2. Legally earned 1.5 million AUD, SkillSelect (EOI) score no less than 65 points,
Invest 1.5 million AUD in Australian government-designated bonds; this 1.5 million AUD must be derived from the declared family net assets.
Contract Standards:
①. 3 or more non-self-occupied properties + stocks (preferred)/funds/wealth management products that have been invested for over 1 year and are overall profitable
②. Pure stocks (stock profits have already reached 1.5 million AUD)
③. Stock profits account for half or more + other investment products can be combined at will (investment products include real estate, funds, wealth management, paper gold and silver! Note: futures and trusts are not considered investment products) (Choose one of the three methods)
III. Application Requirements for the Australian 188C Significant Investor Visa:
1. The couple's personal and family assets must be no less than 5 million AUD;
2. Invest 5 million AUD in Australian designated investment products (private equity funds/stock funds/other corporate debt funds); this 5 million AUD must be derived from the declared family net assets.
Requirements for Transition to Permanent Residency:
①. During the applicant's 4-year residency period, they must continuously invest 5 million AUD in qualified Australian investment products for 4 full years;
②. During the 4-year residency period, the primary applicant must have resided in Australia for a cumulative total of 160 days, or the spouse must have resided for a cumulative total of 720 days.