Australia Immigration Policy
According to Australia immigration policy, there are 3 common ways of immigrating besides the Family Reunification Visa.
- Business Innovation and Investment (188A)
- Significant Investor (188C)
- Skilled Workers
Business Innovation and Investment (188A)
To apply for the 188A visa, the applicant:
- Must be under the age of 55
- Have at least 2 years of work experience at managerial level
- The company that the applicant chooses to invest in must have a turnover of at least AUD $500,000 for 2 of the 4 fiscal years
- Net business and personal assets of at least $800,000, of which $200,000 must be used for investment.
The 188A visa is only available to applicants who are nominated by an Australian State or Territory Government.
Significant Investor (188C)
To apply for the 188C visa, the applicant must:
- Make an investment of at least $5 million into designated government bonds, funds, or private companies, of which a certain percentage must be venture capital investments.
- The investment must be over a period of 4 consecutive years. Within these 4 years, the applicant must have lived in Australia for 160 days to qualify for permanent residency.
Australia skilled migration operates on a points-tested stream. The most common ones are:
- Skilled Independent Visa (189): points are calculated based on work, level of education, and age. The applicant must submit an Expression of Interest (EOI) to the Department of Home Affairs and wait for an invitation before applying for the visa.
- Skilled Nominated Visa (190): the requirements are the same as (189), except it requires nomination from an Australian state or territory government.
- Skilled Work Regional Visa (491): the requirements are the same as (189), although an extra 15 points will be added for working in a designated regional area. After acquiring (491) for 3 years, the applicant can apply for citizenship in Australia.
Living in Australia
Australia has always been regarded as an immigrants’ paradise for its high quality of life and multiculturalism. Sydney is perfect for those who seek a bustling city life, and Perth is ideal for those seeking a more tranquil lifestyle. One can always find a suitable city or town to build a home. The large numbers of Chinese immigrants have built their own communities, so new immigrants will have no problem finding new acquaintances who speak the same language. In recent years, the number of Asian immigrants has been on the rise.
The cost of living is not low in Australia, but the cost for food and daily necessities is quite reasonable. Compared to Hong Kong’s “an inch of gold for a foot of land”, property prices are still very affordable. The average price for an apartment in 8 major cities is AUD $570,000 and in Sydney, the average price is AUD $740,000. With such price, one can only get a nano-sized flat in Hong Kong.