Visa 132 is the first choice for Australian investment immigrants?

On March 1 day, 2003, the Australian federal government rewrote the business skilled migration (commonly known as investment migration) law. This regulation, which has been implemented for two years, sets six of the seven visas for commercial skilled immigrants as temporary residence visas. Applicants must set up or participate in business activities in Australia for two years, usually four years, after obtaining these visas, and can only apply for permanent resident visas after meeting certain conditions. There is only one kind of visa, namely visa 132, which is a real permanent resident visa. Once obtained, the applicant and his family children can immediately enjoy all the rights that new permanent residents can enjoy. In view of the fact that most of China's applications for commercial skilled immigrants seek immigration in one step, and many applicants cannot leave China for a long time to develop or invest in their existing businesses for commercial reasons, 132 visa naturally becomes the first choice for commercial skilled immigrants.

Another reason why the 132 visa has become the first choice for business skilled immigrants of China citizens is the conditions for setting the 132 visa. Although not everyone who wants to invest in Australia and emigrate can achieve it in modern China, it is not out of reach for business leaders of this era. Legally, 132 visa application needs to meet three main requirements:

1. The net assets of the applicant or the applicant and his/her spouse in the business used for immigration in the past four years are not less than 400,000 Australian dollars.

Second, in the past four years, the annual turnover of this business (which can be two) is not less than 3 million Australian dollars every year.

Third, the sum of the business net assets and personal net assets of the applicant or the applicant and his spouse has reached1500,000 Australian dollars every year in the past four years.

132 visa applicants must obtain a guarantee from the Australian or territorial government. Generally under the age of 55, there is no English requirement, and the family can apply together.