Australia introduced 5 million investment immigrants.

Requirements for the applicant's conditions

1. No age limit, no English requirements, no need to score;

2. The proof of the source of funds is loose, and the remittance requirements are loose;

3. Invest 5 million Australian dollars in designated investment products;

4. During this four-year period, the total number of days the main applicant lived in Australia was 160 days;

5. It must be guaranteed by the state government and invited by EOI;

The 5 million 188 visa is valid for four years and must meet the residence requirements of 160 days. There are two options for permanent residence after four years:

1. You can apply for 888 green card. However, after getting the 888 green card, you must meet the general green card residence requirements, such as living in Australia for two years in five years and continuing the five-year green card, or living in Australia for three years in four years and getting an Australian passport.

2. It can be renewed twice, each time for 2 years. Every extension of 2 years requires an extra 80 days. After 6 or 8 years, if you meet the residence conditions, you can transfer to the 888 green card at any time.

Compared with the traditional investment immigration program in Australia, the recently launched 5 million immigration program is suitable for high-net-worth people of all ages above 18. There are no requirements for the applicant's age, background, language and education. And you don't need to pass the scoring system of commercial innovation immigration, and you basically don't need to pass the interview of Australian Immigration Bureau.

The residence requirements of the plan for investors are also quite relaxed. In four years, you only need to live 160 days to obtain permanent residency, which is significantly shorter than the two-year residence time required by other projects.

For the trial of such applications, the Australian Immigration Bureau will also handle them quickly. In the initial trial stage of the new policy, the approval was fast, and it was approved in three months at the earliest. At present, the application for approval of other investment immigrants in Australia is about 15 months.

The investment of 5 million Australian dollars can be government bonds, funds under Australian supervision, and non-listed Australian private enterprises, with relatively small risk coefficient and stable annual return on investment.

The introduction of this project has given many investors who have the strength and financial resources but are bound by other conditions the opportunity to invest in Australia.

Senior consultant of China Service Center for Friendship and Cooperation with Foreign Countries said that the Australian government threw out this olive branch to inject vitality into its economy. Because Australia's financial, mining, manufacturing and other major economic industries are very dependent on the health of the capital market, investing 5 million national debt has solved the problem of government financing; Investing in the fund will solve the problems of rising fund financing costs and poor liquidity in the capital market; Investing in private enterprises is expected to provide government tax revenue and create more employment opportunities.

"The investment of 5 million Australian dollars (about 32 million RMB) is more than enough for Australia's economic contribution", which is a convenient channel for high-asset people who are interested in investing and immigrating to Australia, and both sides are mutually beneficial.