Australia plans to roll out red carpet for wealthy businessmen

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http://www.straitstimes.com/BreakingNews/World/Story/STIStory_803058.html

Australia plans to roll out the red carpet for wealthy businessmen by establishing a visa category offering a pathway to residency if they invest at least A$5 million (S$6.3 million).

Immigration Minister Chris Bowen said it was important to attract people prepared to make a significant investment in creating jobs and economic growth, and he expected keen interest from booming China.

'Australia is well placed to attract investors who are looking for the financial security offered by a stable government and economy,' he said.

'Of course this new permanent visa will be available to people from other countries on a non-discriminatory basis, but I expect considerable interest from across Asia, and China in particular.'