The $5m Visa (888); Australia as a holding company

Dear Clients and Contacts of Sheltons & Starting in Australia

There are two points concerning Australia that we wanted to draw to your attention.

  • Introduction of the Five Million Dollar Visa – the 888 Visa

Australia now has a so-called Migrant Investor visa, the 888 Visa. (Those of you who are familiar with China will understand what the primary target country is). It is available to all nationalities and, briefly stated, allows permanent residency if AUD 5,000,000 is invested in ‘complying investments’. AUD 5 m is approximately equal to USD 5m.

There are no conditions as to upper age or English language ability.

  • Australia as a holding company jurisdiction

Features: An extensive tax treaty network, a tax exemption on dividends received by the Australian holding company, a tax exemption on a gain on sale of foreign shares, no withholding tax on dividends paid to a foreign parent.

These features make Australia a competitive holding company jurisdiction. (The tax exemptions are of course subject to conditions).

Let us know if you would like to receive more information on either the 888 Visa or on Australia as a holding jurisdiction.

We at Starting in Australia are specialists in assisting foreign-owned businesses operating in Australia. We provide a wide range of accounting, legal and tax services, from initial tax advice and legal assistance to setting up companies and bank accounts, we attend to all accounting work, provide the obligatory local Australian resident director and public officer – and much more.

See www.StartingInAustralia.com.au

Starting in Australia is part of Sheltons Group, with offices in Australia, Denmark and Cyprus. Please also see www.SheltonsGroup.com

We warmly welcome your questions – feel free to contact us:Ned Shelton: N.Shelton@StartingInAustralia.com.auKind regardsNed SheltonFounder and Managing Director, Sheltons Group (Founded 1994)Founder and Managing Director, Starting in Australia Pty Ltdlogosmall

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