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Flush with the success of a millionaire visa program to attract wealthy Chinese, Australia is now promising1 citizenship2 to rich Americans who are willing to bring their cash and entrepreneurial talent Down Under.
澳大利亚的百万富翁签证项目成功吸引了大批中国富豪,现在澳政府又向那些愿意将钞票和创业人才带到澳州来的美国富豪伸出了入籍的橄榄枝。
But there's a rather large catch: participants in the invitation-only Premium3 Investment Visa scheme will need to invest A$15 million ($11.57 million) for the privilege of becoming an Aussie.
Launched earlier this month but not widely publicized, the scheme's investment requirements easily top the existing two-year-old Significant Investor4 Visa (SIV) program, which asks for a A$5 million commitment and has been especially popular with Chinese migrants.
Investment advisors5 who have been briefed on the plan by government officials expressed doubts about the wisdom of targeting Americans, with several telling Reuters the more obvious place to start was Australia's Asian neighbors.
After all, why would a successful U.S. entrepreneur want to invest a large chunk6 of cash in Australia - a country very similar to the United States, just further away from everything - in exchange for a passport that carries few additional benefits to their own?
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investment
Australia
visa
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