7 Reasons Why get an Australian Business Investment and Innovation Visa

Now that the economy is starting to rebound, Australia still remains one of the top choices for foreign investors. In fact, according to the Department of Home Affairs Visa statistics, as of 30 June last year, the Significant Investor Visa (SIV) program alone has granted a total of 2349 applications since its commencement in November 2012. Turning those digits to money, a total of AUD 11.745 billion has been invested in Complying Investments.

Migrating to a new country is a huge step—exciting yet terrifying at the same time. Now, what makes the 2349 investors choose to invest their future in Australia?

7 Main Reasons Why People Invest in Australian Business Visa

Economic Stability

Economic stability is not just a deciding factor for most, but the growth rate we see now is also highly attractive. According to the International Monetary Fund (IMF), Australia’s growth rate thrives stronger at 4.2% in 2022.

Even when the global pandemic occurs, Australia’s economy managed to pull through. The international trade sector remains strong. International arrivals slowly resumes in November 2021 and fully reopened last February. By the end of 2022, Australian GDP is projected to grow 6.7% higher compared to the 2019 pre-pandemic result.

Safety/Security

Australia is not only an incredibly safe country but also has a  stable political system. According to Macrotrends statistics, Australia has a 2.21% crime rate in 1990 and that kept going down to 0.87% in 2020. That’s a huge difference compared to other countries such as the United States with 6.52% or Canada with 1.97%.

Health Care

Lining up against other top countries such as Japan, UK and USA, Australia’s Medicare is among the best health care systems in the world. The country has an extensive and excellent health service infrastructure. The government prioritises the health of its residents, covering all their medical expenses.

Australia’s Medicare implements free medical care within public hospitals to support patients with medical treatments including the cost of some medicine through their Pharmaceutical Benefits Scheme.

Education

The above image proves that the Australian education system has produced great minds. The country is proud of the people who have studied and worked there and achieved great things.

For more than 20 years, Australia implements systems and processes that provide quality education even for foreign students. One of which is the law on Educational Services for Foreign Students (ESOS) which focuses on the registration process from the educational institutions and covers all obligations with the student during their application.

Weather

Australia is a huge country and has many climatic conditions. You can enjoy the 4 seasons. Experience the heat of the desert or the low snowy temperatures of the mountains; abundant rains or a total absence of rainfall. In some other areas, there are up to six weather stations identified.

Culture & Lifestyle

Based on the report released by the U.S. News & World Report, Australia still ranks within the top ten countries when it comes to Quality of Life. Holding the 6th spot, below are the factors that brought Australia to the top:

U.S. News & World Report L.P.

Australia’s way of life is more eased compared to other countries. You can enjoy various bonding activities with friends and families such as hiking, camping, surfing and deep diving.

Work-life Balance

Australia has wonderful weather and various overlooking sandy braces nearby the major cities. After a long work week, you can fire up a weekend with your families and friends; chill, bond and have fun.

With all the above factors, you will notice why people invest their future in Australia. Apart from the proven strength of the country’s economy, it also offers a great future for your loved ones. Most of us would agree, that investing in a better future for them comes first and that fuels up your motivation to succeed in your business.

One step forward…

Not sure where to start? Our doors are always open to help you. Start with our free phone assessment with us. Claim yours now!