asylum

NEWS via CNN: Mainland Chinese line up for Australia’s ‘millionaire visa’

February 9, 2014 // 0 Comments

Mainland Chinese line up for Australia’s ‘Millionaire Visa’ By Peter Shadbolt, for CNN February 4, 2014 — Updated 1145 GMT (1945 HKT) Chinese immigration into Australia now represents the third largest group after migrants from the UK and New Zealand. STORY HIGHLIGHTS Chinese are the biggest group to apply for Australia’s ‘millionaire visa’ High wealth individuals must invest $A5 million in Australia to get a visa Those investing for more than four years are eligible for permanent residency Chinese are the third largest immigrant group in Australia after the UK and NZ Hong Kong (CNN) — There’s little doubt which country Australia is targeting under its immigration scheme for the super-wealthy; the investment visa is called sub-class 188 and its permanent visa is called sub-class 888. In China, the number eight is culturally associated with wealth, prosperity and good fortune and rich Chinese nationals have been queuing up for the [...]
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