Over the past 25 years, we have fielded a number of questions. Many are unique to the client and their personal circumstance. However, there are questions we hear regularly and that appear under Google’s people often ask section.
As some of the answers shown on Google are out of date, let’s answer those questions here with the correct, up to date answers. We shall add new questions and answers as they arise.
Investor visas require at least A$1.5m while investing for retirement requires A$5m, parents need over A$100,000 each. Skilled migrants should bring at least A$40,000.
Australia wants to see that all migrants have enough funds to support themselves and their families without requiring support from the public purse.
Australia wants to see that each migrant will be conducive to the public good and will not be a burden to the public purse. You will also need to demonstrate you will be a benefit to the economy unless you have an Australian family.
Some visa streams set a points test. However, this is not the case for High Net-worth investors or family members.
For Investors of A$5m, there is NO upper age limit. However, for skilled migrants, the maximum age is 45 years. The Australian Tax Office wants to benefit economically from every new arrival.
You may move to Australia without a job if you are an investor, entrepreneur, skilled worker or family member. In fact, to avoid online scams, it is advised NOT to accept a job until you have arrived.
Your options are limited to being a family member, investor or person with significant global talent. Australia calculated that older migrants are at a greater risk of becoming a burden on the public purse, with limited tax contributions.
Boasting one of the world’s highest standards of living, a booming economy, a safe environment and an excellent educational system. Australia is the preferred choice for those lucky enough to be eligible to emigrate there.
Each July Australia sets migrant quotas they will accept during the following fiscal year. The quota is divided between skilled workers, investors and family members. Post-COVID Australia wants Investors and Skilled Workers.
In recent years the only way to retire in Australia is by investing $5m for 4-years in a compliant investment framework. Alternatively, you will need to have children living in Australia who can sponsor you. Australia prefers migrants who will pay taxes for years to come.
Medicare requires a person to be a permanent resident or a UK Citizen before they can access free health care. The reciprocal agreement with the UK means the NHS will cover a British person’s medical bills until they emigrate permanently.
The Australia and UK Trade Agreement signed in 2022 made it easier for young British workers to emigrate. Australia hopes to benefit from British skilled workers under 35 years old. With a higher standard of living than the UK. Australia is expecting a large number of Brits to arrive.
Opportunities to emigrate are limited after 45 years. Some highly skilled workers may qualify. However, the most popular choice is as an investor. Alternately, members of Australian families may also be eligible.
Each year, the Australian federal and state governments review the 188 visa programme to ensure it delivers the best possible outcomes for Australia. Where deemed necessary changes are introduced without advanced notice. State governments open and close the investor visa stream within their respective jurisdictions as deem necessary to meet the local economic objectives.
That said, once an investor secures an invitation to emigrate (State Nomination), any future changes to the emigration policy will not affect their case.