Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands.
Australia is the lowest, flattest, and oldest continental landmass on Earth and it has had a relatively stable geological history. Geological forces such as tectonic uplift of mountain ranges and clashes between tectonic plates occurred mainly in Australia’s early prehistory, when it was still a part of Gondwana. Its highest peak is Mount Kosciuszko at 2,228 metres (7,310 ft), which is relatively low in comparison to the highest mountains on other continents.
- The climate of Australia is significantly influenced by ocean currents, including the Indian Ocean Dipole and the El Niño–Southern Oscillation, which is correlated with periodic drought, and the seasonal tropical low-pressure system that produces cyclones in northern Australia.
- Much of the northern part of the country has a tropical, predominantly summer-rainfall.
- The south-west corner of the country has a Mediterranean climate.
- The south-east ranges from oceanic (Tasmania and coastal Victoria) to humid subtropical (upper half of New South Wales), with the highlands featuring alpine and subpolar oceanic climates. The interior is arid to semi-arid.
- A wealthy country, Australia has a market economy, a high GDP per capita, and a relatively low rate of poverty. In terms of average wealth, Australia ranked second in the world after Switzerland from 2013 until 2018. In 2018, Australia overtook Switzerland and became the country with the highest average wealth.
- The country was ranked third in the United Nations 2017 Human Development Index. Melbourne reached top spot for the fourth year in a row on The Economist’s 2014 list of the world’s most liveable cities, followed by Adelaide, Sydney, and Perth in the fifth, seventh, and ninth places respectively.
- School attendance, or registration for home schooling, is compulsory throughout Australia. Education is the responsibility of the individual states and territories so the rules vary between states, but in general children are required to attend school from the age of about 5 until about 16.
- Australia has 37 government-funded universities and three private universities, as well as a number of other specialist institutions that provide approved courses at the higher education level. The OECD places Australia among the most expensive nations to attend university.
- Healthcare in Australia has a highly developed structure, though because of the nations’ vast size, services are not evenly distributed geographically.
- Health care is delivered in Australia by both government and private companies which are often covered by Medicare. Health care in Australia is largely funded by the government at national, state and local governmental levels, as well as by private health insurance; but the cost of healthcare is also borne by not-for-profit organisations, with a significant cost being borne by individual patients or by charity.
- Some services are provided by volunteers, especially remote and mental health services.
AUSTRALIA'S INVESTMENT PROGRAM - VISA 188/888
The Business Innovation and Investment (Provisional) visa (subclass 188) is part of the Business Innovation and Investment Programme, allowing investors to own & manage a business in Australia in a variety of forms.
Investor and dependent members including spouse and unmarried children under 23 years old will be granted a Temporary Resident Visa (Visa 188 – Provisional Visa) within 04 years and 3 months, renewable for 2 years. After that, investor can continue to apply for Permanent Residence (Visa 888 – Permanent Residence).
The strengths of the program are quick processing time, simple documents and easy financial proof. Through a reasonable investment, investors and family members will have the opportunity to settle in Australia and enjoy Australian education, health, as well as social security benefits.
188C SIGNIFICANT INVESTOR VISA
- To be granted this visa, investor must make (on or after the time of application for this visa), a complying significant investment of at least AUD5 million when Australian Department of Home Affairs invites investor to, and have a genuine intention to hold that investment for at least 4 years. It must be invested in the following proportions:
✔️at least AUD500,000 in venture capital and growth private equity funds which invest in start-ups and small private companies
✔️at least AUD1.5 million in approved managed funds. The managed funds must invest in emerging companies listed on the Australian Stock Exchange
✔️a ‘balancing investment’ of at least AUD3 million in managed funds
- The managed funds can invest in a range of assets, including companies listed on the Australian stock exchange, Australian corporate bonds or notes, annuities and commercial real estate.
SUBCLASS 888 ELIGIBILITY
- Investor must have been in Australia for at least the number of days worked out by adding the results of paragraphs (a) and (b):
(a) 40 multiplied by the number of complete years in the period in which investor held a subclass 188 visa in the Significant Investor stream, and
(b) 40 multiplied by the number of years (if any) (treating a part of a year as one year) in the period in which investor held a subclass 188 visa in the Significant Investor Extension stream
- Investor’s spouse or de facto partner must have been in Australia on a subclass 188 visa, granted on the basis that investor held a subclass 188 visa in the Significant Investor stream or the Significant Investor Extension stream, for at least the number of days worked out by adding the results of paragraphs (a) and (b):
(a) 180 multiplied by the number of complete years in the period in which investor held a subclass 188 visa in the Significant Investor stream, and
(b)180 multiplied by the number of years (if any) (treating a part of a year as one year) in which investor held a subclass 188 visa in the Significant Investor Extension stream.
Maintain the investment for the 4-year term of the 188C visa.
Why choose JA & Partners ?
JA & Partners was founded by a more-than-10-year-experience team in immigration industry. We have experienced handling difficult applications especially documents requiring financial proofing, such as the US, Australia, Canada, Europe, the Caribbean program . Our partners are global leading law firms with 100% approval, as well as 40-year-experience reputable real estate investment corporations.
Our professional and dedicated relationship management team will ensure all your requirements, support, and follow up during the application process and even when investors migrate to countries.
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