There are numerous opportunities that can be pursued by the Australian sector in a global market:
A Strong international reputation for quality; Diverse culture, social-economic stability and unique safe location; An equitable healthcare system; A strong research community; Highly skilled and educated workforce; Quality clinical trials; Reputable national regulatory authority; Strong IP protection; Quality infrastructure and business environment; Special immigration / Visa considerations for investors; access to Research and Development Tax Incentives for eligible R&D activities conducted in Australia.
The Research and development (R&D) tax incentive provides targeted R&D tax offsets designed to encourage more companies to engage in R&D. The incentive has two core components. The R&D tax incentive aims to boost competitiveness and improve productivity across the Australian economy by encouraging industry to conduct R&D that may not otherwise have been conducted – improving the incentive for smaller firms to undertake R&D and providing business with more predictable, less complex support.
Australian Government policy offers a suite of initiatives which aim to promote investment, innovation and commercialisation of Australian ideas, research and development which are critical to Australia’s economic future.
Two of these initiatives are the Significant Investor visa (SIV) and Premium Investor visa (PIV). The purpose of the SIV is to provide a boost to the Australian economy and to compete effectively for high net worth individuals seeking investment migration.
Significant Investor Visa (SIV) holders are required to invest AUD5million into complying significant investments for a minimum of four years before being eligible to apply for a permanent visa. The purpose of the Premium Investor visa is to attract a small number of high net worth individuals to contribute their entrepreneurial skill or talent to Australia.
The Premium Investor visa will require applicants to invest AUD15million into complying investments for a minimum of twelve months before being eligible to apply for a permanent visa.