Kronenburg Estates S.L.

Immigration

Australia is an extremely popular destination for skilled professionals and tradespeople wishing to start a new life in another country. Australia's economy has remained strong throughout recent years, leading to a high demand for skilled migrants.

Skilled migrants wishing to work in Australia on a permanent basis are assessed on a points based system; with points awarded for work experience, qualifications and language proficiency. Other ways of obtaining immigration visas to Australia include the Australian Family Migration, and Humanitarian Programs.
Australia's Migration Program for 2015-2016 provides for up to 190,000 places, with 128,550 of those under skilled migration - such as the Australian Skilled Independent visa.

Different options

The Australian immigration system has opportunities for people with a variety of backgrounds, ages, qualifications and needs. Whether you wish to visit, work, study, or invest, our visa guides will provide all the information you need to get started.

Australia Business and investment visas

The Business Innovation and Investment (Provisional) visa (subclass 188) replaced most other Australian business and investment visas in 2012. This visa is split into 4 streams, each catering to a different category of businessperson or investor, each of which can lead to legal permanent residence in Australia under the Business Innovation and Investment (Permanent) visa (subclass 888). Applicants can normally apply for legal permanent residence after 12 months in Australia. Applicants for this visa must submit an Expression of Interest though the Skillselect system before being invited to apply.
All applicants must have never been involved in unacceptable or illegal business or investment activities.

Points

Apllicants for the Subclass 188 Visa must score at least 65 points on the points test to be eligible. For full information on the points requirements for this visa pleas see our Business Innovation and Investment (Provisional) visa (subclass 188) points system page.

Streams

There are 4 streams for the Business Innovation and Investment (Provisional) visa (subclass 188), each with its own eligibility conditions. Please see the pages below for more details on these visa streams:

• Business Innovation stream: for successful businesspeople who want to establish or a develop a business in Australia
• Investor stream: for investors who want to invest at least AUD$1.5 million in Australia and continue business and/or investment activity in Australia for at least 2 years
• Significant Investor stream: for investors who want to invest at least AUD$5 million in Australia and continue business and/or investment activity in Australia after the period of their provisional visa
• Premium Investor stream: for investors who want to invest at least AUD$15 million into an Australian 'complying premium institution' and continue business and/or investment activity in Australia after the period of their provisional visa

Australia Designated Investment for the Investor categories

What is a Designated Investment?

These investments offered by Australia State/Territory Treasury Corporations are:

• Primary-issue government securities with a maturity of no less than 4 years from the date of purchase.
• Limited to investments of:
  • A$750,000 if you are applying under the State/Territory Sponsored Investor category or;
  • A$1,500,000 if you are applying under the Investor category with interest paid every 6 months
• non-transferable and non-redeemable (that is, the security cannot be sold to another investor or sold back to the issuing authority before maturity).

Repayment of principal on maturity is guaranteed by the State/Territory government.

What obligations do I have concerning tax?

The Australian Taxation Office (ATO) has deemed that income you earn from your investment in Australia is taxable under Australian taxation law. Income earned in Australia by non-residents is subject to 10% withholding tax which will be automatically deducted from the interest earned on your Designated Investment until you provide an Australian tax file number and evidence of your status to the agency in which you have made your investment.
The ATO strongly advises people arriving in Australia for the first time as business entrants to contact the ATO and apply for a tax file number.

How and when to make a Designated Investment?

To make a Designated Investment you should first contact at least one of the State/Territory Treasury Corporations. They will be able to provide you with current information on the terms and conditions of the investment, as well as ssend you an investment application form and specific instructions on how to lodge a Designated investment in their State/Territory.
At the initial enquiry stage, the Treasury Corporation can only indicate the likely rate of return on a proposed investment. The actual rate of return on your investment will be set when you deposit your funds in the Designated Investment. Obviously, interest rates can change frequently and may differ among State/Territory Treasury Corporations.
Do not make the Designated Investment until the DIMIA officer processing your case informs you in writing to go ahead. You should also ensure that the funds you used to make the Designated Investment are personally owned and have been legally acquired as a result of your business and/or investment activities. The funds transferred must be in Australian dollars.
The Designated Investment must be made in time for you to enter Australia before your health and character checks expire. Once you have made the investment, the stock issuing authority will send you a letter or certificate to acknowledge receipt. A receipt will also be sent to your case officer, whereafter a decision can be made on your application.

Australia Senior Executive (provisional) Subclass 161

To be eligible to apply for a Senior Executive (Provisional, temporary, not sponsored) visa for Australia, you must meet the following requirements:

• You must show that you have an overall successful business career;
• For at least two of the four immediately preceding the application, you must have occupied a position in the three highest levels of the management structure of a major business in which you were responsible for strategic policy development affecting a major component or a wide range of operations of that major business;
• Your (or you and your spouse's combined) business and personal assets must have a net value of at least AUD $500,000, which are lawfully acquired and available to transfer to Australia within two years after the grant of this visa;
• You (or you and your spouse together) must show that you have business and personal assets, in addition to the assets above, that are of a sufficient net value to settle in Australia;
• You must be under the age of 45 at the time of application
• You must have at least a vocational level of English
• Neither you or your spouse should have a history of involvement in business or investment activities that are not generally acceptable in Australia;
• You must have notified the appropriate regional authority of a state or territory of your business history and intentions to develop a business in that state or territory;
• You must have a realistic commitment to establish or participate in a qualifying business in Australia and maintain a substantial ownership and direct and continuous involvement in the management of that business;
• You must have demonstrated that there is a need to be temporarily in Australia to conduct or establish the proposed business activity; and
• You must have signed a declaration that you understand your obligations as the holder of this type of visa.
  If you are able to obtain sponsorship from an appropriate regional authority of a State/Territory government, then your application would fall under the State/Territory Sponsored Senior Executive (Provisional) category, and in addition to the above, you would have to meet the following requirements:
  • You would have to show that you have been sponsored by an appropriate regional authority of a State or Territory government;
  • In reference to point 3 above, your business and personal assets would have to have a net value of at least AUD $250,000 and are available for transfer to Australia within two years after visa grant;
  • In reference to point 5 above, you must be aged less than 55 years at the time you apply or you are proposing to establish or participate in a business that your sponsoring State or Territory has determined is of exceptional economic benefit to that State or Territory

Australia Skilled immigration

Australia is an incredibly popular destination for skilled migrants, with over 128,500 places available in 2015-2016 under the country's General Skilled Migration (Skillselect) program. Under the Skillselect program skilled worker applicants can gain a permanent Australia visa; using their qualifications, work experience and language ability to meet the Australian immigration requirements.
The General Skilled Migration (Skillselect) program replaced all other Australian skilled worker visas in 2012-2013. The system has 5 visa subclasses, and is points based; applicants must meet at least 60 points from the General Skilled Migration (Skillselect) points tables to be considered.