Lei88.
I wish you luck, but there are qualifications around this new visa, and I'm not sure investing $5m in LYC would qualify as it does not supply good and or services to the public. It also has to met the qualification of not being a speculative situation.
Source - http://www.immi.gov.au/skilled/business/_pdf/significant-investor.pdf
Direct investment into Australian proprietary companies
For a direct investment into an Australian proprietary company to qualify as a ‘complying investment’, the following criteria must be met:
• the company must genuinely operate a qualifying business in Australia
• the applicant must obtain an ownership interest in the company
• the company must be registered with ASIC and the business must have an Australian Business Number.
Qualifying business
The Migration Regulations 1994 define a qualifying
business as an enterprise that:
(a) is operated for the purpose of making profit through the provision of goods, services or goods and services (other than the provision of rental property) to the public; and
(b)is not operated primarily or substantially for the purpose of speculative or passive investment.
please explain, page-11
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.76 |
Change
0.060(0.78%) |
Mkt cap ! $7.253B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.90 | $7.70 | $22.34M | 2.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4481 | $7.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.78 | 14225 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |