China accounted for 90% of all high-net worth investors coming to Australia in 2016-17
The number of millionaires streaming into Australia has surged to 7260 in the past year…
Visa applications in the Business Innovation and Investment Programme, which includes investors with more than $1 million in business assets, jumped by 74% in 2016-17 up from 5781 to 9051, according to macrobusiness.com.au
Of those 7260 were approved, compared to 6484 in 2014-15…
The “significant investor stream” asks investors to stump up $5 million for Australian bonds, shares and venture capital projects. By March 2018 up to 2000 had been approved…
Australia had a net-inflow of 10,000 millionaires in 2017… “That is the highest net migration of millionaires to any country last year in absolute terms, let alone correcting for population,” said Grattan Institute chief executive John Daley…
There are no English-language requirements for the Significant Investor Visa and Premium Investor Visa, and no upper age limits.
