After a huge year in 2016, where foreign investment inflows to Australia more than doubled, 2017 remained impressive at $46 billion. According to a report published by the United Nations, Australia is still in the top ten global destinations for FDI; moving up from the ninth to eighth position.
Australia is attractive for foreign investment for a number of reasons, including its safe, low-risk business environment. The country is in its 26th year of consecutive annual economic growth, and is underpinned by a labour force that is both skilled and diverse, thanks to its excellent education system and attraction of high-performing local and overseas workers. Australia is successful in key industries such as resources & energy, agribusiness, financial services, education and tourism. With strong ties to the fast-growing Asia-Pacific region, it is no surprise that foreigners continue to show strong interest in investing down under.
If you are excited about business potential in Australia, the Business Innovation and Investment visa (subclass 188) may be the right path for you. It gives businesspeople, investors and entrepreneurs the opportunity to stay in Australia for four years, with the potential to move to permanent residency when that is done. If you believe there is a business opportunity for you in Australia, and you want to know more about how to capitalise, do not hesitate to reach out to our team of knowledgeable migration agents, whose background in law can prove especially useful in this oft-complex stream of entry to Australia.