Investors With Over A$15 Million Targeted in New Australian Visa
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Australia will offer a new visa to foreigners with more than A$15 million ($13 million) to invest and who want to make the country home.
Under the premium visa plan, people who invest in certain assets will gain permanent residency after 12 months, Prime Minister Tony Abbott and two of his ministers said today in a joint statement. Existing visas that require an investment of at least A$5 million allow holders to stay permanently after four years.