Business migrants will face tougher requirements under changes to investment visas that have so far drawn in at least $12 billion from mostly Chinese nationals.

Business migrants will face tougher requirements under changes to investment visas that have so far drawn in at least $12 billion from mostly Chinese nationals.

The existing nine different business and investment visas will be cut back to four with various thresholds of required investment adjusted.

Acting Immigration Minister Alan Tudge said the changes would protect Australia’s interests.

“These changes will maximise the economic contribution of these high value investors to get the best possible outcome for Australians,” Mr Tudge said in a statement to The Australian Financial Review.

https://www.qicg.com.au/post/business-migrants-face-tougher-investment-visa-rules

Author: johnsonhung

Born overseas from Taiwan, Johnson speaks fluent Mandarin and English, He work as an Property & Investment Funds consultant at his current firm and has been an Investment Funds & Property consultant for over 4 years, Property sales for over 5 years, and Hospitality for 7 years. Johnson and the Firm QICG have invest and purchase properties across various sectors, some are in healthcare, education, childcare, property development etc. Queensland Investment Consulting Group (QICG) - qicg.com.au - provides our client a range of investment projects options here in Queensland, Australia across different industrial sectors, such as medical, childcare, education, and real-estate developments.

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