Monday, 21 September 2020 11:04

Migrant business, investment visas help to counter lack of domestic capital

Guy Hedley, Executive Chairman Atlas Advisors Guy Hedley, Executive Chairman Atlas Advisors

The Australian Government’s reissuing of 188C Business Innovation and Investment visas and allocation of interim places to high net worth migrants prior to the Budget will assist Australian businesses and entrepreneurs to counter the lack of availability of domestic capital investment, according to one advisory firm.

Wealth manager Atlas Advisors Australia has commended the Government and the states and territories - including the important business centres of NSW and Victoria - for taking the "important step" of opening their doors to applicants ahead of the Budget and says it has already seen a “dramatic increase in interest from high net worth migrant investors including from destinations such as Hong Kong”.

“We commend the Australian Government and the states and territories for recognising the important role business migration plays in driving our economy,” Executive Chairman of Atlas Advisors Australia, Guy Hedley said.

“This will have a tremendous impact on the post-pandemic recovery of business. It will assist Australian businesses and entrepreneurs to counter the lack of availability of domestic capital investment.

“We encourage the Australian Government to go further by prioritising its review of the BIIP to maximise the benefits to the economy in a post-pandemic era.

“Hong Kong is a vibrant business destination with many rich and highly experienced entrepreneurs and business people.

“These migrant investors are keen to help stimulate business and employment through ventures in their new homeland.”

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Peter Dinham

Peter Dinham - an iTWire treasure is a mentor and coach who volunteers also a writer and much valued founding partner of iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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