How can high-net-worth migrants help Australia’s economy?

September 22, 2020 1 min read

How can high-net-worth migrants help Australia’s economy?

The recommencement of Australia’s business innovation and investment visa program will “have a tremendous impact” on the economy’s ability to recover, according to a wealth management company.

 

How can high-net-worth migrants help Australia’s economy

Atlas Advisors Australia has commended the Australian government for its reopening of applications for the 188C business innovation and investment visa and the allocation of interim places prior to the hotly anticipated federal budget.

 

Executive chairman of Atlas Advisors, Guy Hedley, said the states and territories “had taken the important step of opening their doors to applicants”.

 

“We commend the Australian government and the states and territories for recognising the important role business migration plays in driving our economy,” he stated.  

 

According to the chairman, the move “will have a tremendous impact on the post-pandemic recovery of business”.

 

“It will assist Australian businesses and entrepreneurs to counter the lack of availability of domestic capital investment,” he explained.

 

Investors from locations such as Hong Kong have already driven a “dramatic increase” in interest for such visas, according to Mr Hedley.

 

“Hong Kong is a vibrant business destination with many rich and highly experienced entrepreneurs and businesspeople,” he considered.

 

“These migrant investors are keen to help stimulate business and employment through ventures in their new homeland.”

 

https://www.nestegg.com.au/invest-money/economy/how-can-high-net-worth-migrants-help-australia-s-economy



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