FDI stands for Foreign Direct Investment and is one of the most important aspects in Australia’s economy. The Australian government invests a lot in FDI across many fields such as:
Information portals: The government has created many resources targeted towards foreign investors such as the government funded website explaining the different industries
International relations: the Australian government actively sets up many iniatives overseas to introduce Australia as a country of opportunity and investment such as the annual ‘G’day USA’ showcase held in the United States of America and the recent showcase in Shanghai focusing on Australian property. Austrade (the Australian Trade Commission) services the promotion and facilitation of attracting foreign investors whom will directly benefit the Australian economy.
Investor Visas to Australia: The Department of Immigration and Border Protection has several Visa options available for foreign investors wanting to live, work and ultimately invest in Australia. Depending on the type of Visa will depend on the application process and it is advised to use a registered migration agent to assist with the application to ensure the correct procedure is followed. There are several visas available including the Investor Stream SC188 (B), Significant Investor Visa SC188 (C) and the Premium Investor Visa (PIV) SC188 (D).
Foreign Direct Investment offers benefits to both Australia and the foreign business/investor. The main advantage for Australia in attracting foreign investment is the strength and integrity it adds to the Australian economy through employment, development and infrastructure. It is also beneficial in strengthening the relationships between countries. The benefits to the investor include tapping into a strong workforce, geographical location (close to Asia), modern infrastructure and world-class training facilities (Universities, etc).