oz.soup4 Posted August 17, 2020 Share Posted August 17, 2020 (edited) Hi there, Yes we are not rushing or anything. We're just worried about the preparation process for the fund transfer. Apparently we have to sell one of our assets soon to get ready for the request. But if it gets delayed, we will have more time sorting out the cash. About the travel restrictions, my daughter who lives in WA said the restrictions would not life up until November at least as they have not released a 4 stage-plan yet. So I'm guessing it will be worst for Victoria. and yes, we intend to invest in Melbourne or the surroundings depending on the cost expenses. How about you? We hope to keep in touch with you in the future (after the visa gets granted) Edited August 17, 2020 by oz.soup4 Quote Link to comment Share on other sites More sharing options...
Jay. Posted August 17, 2020 Share Posted August 17, 2020 I’m going to Sydney plus all my fund are ready , I sold my house before I applied and now I’m living in a granny flat with my three children, it’s so hard so I’m in a worse place and want things to progress quicker. Quote Link to comment Share on other sites More sharing options...
Marisawright Posted August 17, 2020 Share Posted August 17, 2020 18 minutes ago, Jay. said: I’m going to Sydney plus all my fund are ready , I sold my house before I applied and now I’m living in a granny flat with my three children, it’s so hard so I’m in a worse place and want things to progress quicker. Perhaps that was not wise. Just because you apply and meet the criteria does not guarantee you will be accepted Quote Link to comment Share on other sites More sharing options...
Jay. Posted August 17, 2020 Share Posted August 17, 2020 Why ? Quote Link to comment Share on other sites More sharing options...
oz.soup4 Posted August 17, 2020 Share Posted August 17, 2020 @Marisawright you are right. They have to consider a lot of factors before granting the visa. But I believe your statement only applies for the skilled migration visas but not business visas tho. 85% of business visa applicants who have progressed to the medical/PPC stage will have their visa granted, unless your proof of investment fund sources are illegal. (You can check the invitation round cuts-off for 188 visas on the DOHA website for more details). @Jay wow that must be tough for you hey. I think patience is the key to this game lol Quote Link to comment Share on other sites More sharing options...
Marisawright Posted August 17, 2020 Share Posted August 17, 2020 32 minutes ago, oz.soup4 said: 85% of business visa applicants who have progressed to the medical/PPC stage will have their visa granted, unless your proof of investment fund sources are illegal. (You can check the invitation round cuts-off for 188 visas on the DOHA website for more details). That still leaves 15% who don't get it. And you are not taking into account that the government can (and does) change the rules quite frequently, and apply the changes retrospectively. I agree a business visa has a higher chance of success but it is still not guaranteed, and it's also a very long drawn-out process, so to sell up everything before you have even got to the medical/PPC stage seems a bit over-confident. Quote Link to comment Share on other sites More sharing options...
Jay. Posted August 17, 2020 Share Posted August 17, 2020 My medical is done in July and I have five property’s here in London so I have not sold everything. Quote Link to comment Share on other sites More sharing options...
3together Posted August 17, 2020 Share Posted August 17, 2020 13 hours ago, oz.soup4 said: Hi there, Yes we are not rushing or anything. We're just worried about the preparation process for the fund transfer. Apparently we have to sell one of our assets soon to get ready for the request. But if it gets delayed, we will have more time sorting out the cash. About the travel restrictions, my daughter who lives in WA said the restrictions would not life up until November at least as they have not released a 4 stage-plan yet. So I'm guessing it will be worst for Victoria. and yes, we intend to invest in Melbourne or the surroundings depending on the cost expenses. How about you? We hope to keep in touch with you in the future (after the visa gets granted) WA has some nice areas. I did like Perth quite much. Never went to Melbourne. Our plan is to move to Port Macquarie in NSW. Small town, nice landscape, good to raise kids. In the 3 step plan they actually have in step 3 the "discussion" to open flights for international students (big business) and long-term visa holders (maybe us). So it should not need a 4 step plan for us. Still, it seems that the application processing is delayed by several month. It might be good to sell assets in time, as long as they are on a good pricing level. We did the same and actually started selling assets a year ago. We transfered the money to Australia already. You can open up a Westpac bank account online. As soon as they tell you to invest, you have only 28 days to do so, unless you ask for more time. But sending the money before willl give you the security to choose the exchange rate when it is good, have the money outside the EUR (you never know ....) and you are ready for the investment. Quote Link to comment Share on other sites More sharing options...
3together Posted August 17, 2020 Share Posted August 17, 2020 11 hours ago, Marisawright said: That still leaves 15% who don't get it. And you are not taking into account that the government can (and does) change the rules quite frequently, and apply the changes retrospectively. I agree a business visa has a higher chance of success but it is still not guaranteed, and it's also a very long drawn-out process, so to sell up everything before you have even got to the medical/PPC stage seems a bit over-confident. If you check the application and approval numbers, you see this 15% of rejections. But if you check the numbers of China applicants and the European applicants, you will see that 95% of European applications are granted. So far higher chance, as we have all the needed documentations in Europe, compared to China. Anyway, there are less than 10% Europeans of all applications. I think Jay should be OK. Just a matter of time. Quote Link to comment Share on other sites More sharing options...
Steve Elliott Posted August 20, 2020 Share Posted August 20, 2020 RFI's generally have 28 days to respond Sometimes a decision can be forthcoming very soon after the requested is submitted. I have one client who had an RFI back in March and has heard nothing since. Quote Link to comment Share on other sites More sharing options...
3together Posted August 20, 2020 Share Posted August 20, 2020 5 hours ago, Steve Elliott said: I have one client who had an RFI back in March and has heard nothing since Hi Steve, do you know why he has heard nothing? Do they communicate this to you as an agent? This is like 5 mounth additional waiting time. 1 Quote Link to comment Share on other sites More sharing options...
oz.soup4 Posted August 21, 2020 Share Posted August 21, 2020 On 18/08/2020 at 02:27, 3together said: WA has some nice areas. I did like Perth quite much. Never went to Melbourne. Our plan is to move to Port Macquarie in NSW. Small town, nice landscape, good to raise kids. In the 3 step plan they actually have in step 3 the "discussion" to open flights for international students (big business) and long-term visa holders (maybe us). So it should not need a 4 step plan for us. Still, it seems that the application processing is delayed by several month. It might be good to sell assets in time, as long as they are on a good pricing level. We did the same and actually started selling assets a year ago. We transfered the money to Australia already. You can open up a Westpac bank account online. As soon as they tell you to invest, you have only 28 days to do so, unless you ask for more time. But sending the money before willl give you the security to choose the exchange rate when it is good, have the money outside the EUR (you never know ....) and you are ready for the investment. Yeh Perth is the best with beautiful beaches, and it definitely is our final destination to retire and grow old there. Melbourne is more like a metropolis city for business and investment that's why, and so does NSW. About the step plan, I hope so too. The processing time will be faster without the step 4 plan, but we'll never know. Even Perth right now has not allowed international students and temporary visa holders to come back, I doubt that Melbourne will do that in anytime sooner. We are planning to sell one of our assets to sort out the fund asap to avoid any troubles in the future, but the market is not looking good right now. That's why we kinda hesitate. About Westpac bank, can you open the account in your local area and transfer to Aus straight away? As far as I know, most banks do not allow you to transfer >$1M outside Spain. Please help!!! On 18/08/2020 at 03:39, 3together said: If you check the application and approval numbers, you see this 15% of rejections. But if you check the numbers of China applicants and the European applicants, you will see that 95% of European applications are granted. So far higher chance, as we have all the needed documentations in Europe, compared to China. Anyway, there are less than 10% Europeans of all applications. I think Jay should be OK. Just a matter of time. Not too sure if it's correct. I think most of the Chinese (or Asian) applicants cannot prove the legal fund sources when making the transfer to the Aus Gov, that's why they got rejected. Otherwise, I believe everyone, including applicants from Africa and America (both North and South), has an equal chance to get your visa granted as long as you meet the Gov's requirements. Quote Link to comment Share on other sites More sharing options...
3together Posted August 21, 2020 Share Posted August 21, 2020 2 hours ago, oz.soup4 said: Not too sure if it's correct. I think most of the Chinese (or Asian) applicants cannot prove the legal fund sources when making the transfer to the Aus Gov, that's why they got rejected. Yes. Same I heared. But, based on this, as Jay will have good paperwork from UK, she should be able to prove the legal funds. So she should be fine. Quote Link to comment Share on other sites More sharing options...
3together Posted August 21, 2020 Share Posted August 21, 2020 2 hours ago, oz.soup4 said: About Westpac bank, can you open the account in your local area and transfer to Aus straight away? As far as I know, most banks do not allow you to transfer >$1M outside Spain. Please help!!! You can open online a Westpac account as a potential migrant. I had to have my German bank to confirm my identity to the Westpac branch in London = https://www.westpac.com.au/personal-banking/bank-accounts/transaction/choice/migrants/ I did not have any problems transfering the money. Actually, I did not tansfer the money directly to Australia, but to a German/Beglium account of https://transferwise.com/. This international money transfer service is far cheaper as the local banks. Best exchange rate and fees. So you send the money to them, they send it to your Westpac account. I did the transfer in several steps, so not all at once. Quote Link to comment Share on other sites More sharing options...
Steve Elliott Posted August 26, 2020 Share Posted August 26, 2020 Just a quick note re my personal observations re a few comments above. Generally you will be given 28 days to make a complying investment and submit the appropriate supporting documentation. If you can't make that deadline it is generally possible to obtain an extension given a valid reason such as the liquidation of an asset and receipt of funds is taking longer than the time period allows. It is also critical the funds used for the investment are from assets you nominated in the SALP which you submitted with your application. With regards to being informed as to he progress of the application, the Department does not provide the agent with updates other than RFI's etc, so we just have to wait patiently like our clients. One thing I urge all applicants to do is to seek appropriate tax advice when migrating to Australia. It's important that you obtain international tax advice from someone who is well versed in international tax re Australia and also your current country of tax residence. This is particularly important when you own significant assets beyond what is required for your investment. Good luck everybody. I hope you receive some positive news shortly. Quote Link to comment Share on other sites More sharing options...
3together Posted August 27, 2020 Share Posted August 27, 2020 On 26/08/2020 at 06:35, Steve Elliott said: One thing I urge all applicants to do is to seek appropriate tax advice when migrating to Australia. It's important that you obtain international tax advice from someone who is well versed in international tax re Australia and also your current country of tax residence. This is particularly important when you own significant assets beyond what is required for your investment. Do you have special recomondations, based on countries of origin? Most applicants will have a tax agent in their home country, but most will be looking for a skilled tax agent in Australia. Quote Link to comment Share on other sites More sharing options...
Steve Elliott Posted August 28, 2020 Share Posted August 28, 2020 Yes I do, but I only refer when I know the client well, so I can determine who the best person is to refer to. So it boils down to having expertise in both jurisdictions which is usually not a problem as typically the type of firm I refer to also have representation in the country of origin. Where I see many making mistakes is going to a vanilla tax agent (after the event) and also that agent not having the required expertise. I urge clients to seek this advice prior to their move. It's a bit like migration agents. There are registered 7,000 migration agents in Australia who at face value are permitted to assist with all visa types as long as they are competent re that visa. However, what you find is that while many are generalists, there are agents who specialise in certain visa classes or dealing with certain nationalities. Personally, I specialise in just business and investment visas, and other specific subclasses such as Global Talent and parent visas with applicants from certain countries. I notice 3together you are German. I have a colleague for example who specifically caters for the German market especially with Citizenship matters as I believe the requirements of the German Government make the process quite tricky. I have another colleague who is the go to person re Global Talent visas and another fellow who specialises in visa matters for persons with character (criminal) issues. Quote Link to comment Share on other sites More sharing options...
Lok Posted August 31, 2020 Share Posted August 31, 2020 Dear All, I am a new comer from Hong Kong and would like to say "Hi" to all of you in this forum group. Wish all of us (of course including me :-)) luck and able to get our Visa soon. From what the groupmates said on above, it seems I still have a long long way to go as I just received WA State nomination last Friday …. Good luck to all of you … Lok 1 Quote Link to comment Share on other sites More sharing options...
Steve Elliott Posted September 1, 2020 Share Posted September 1, 2020 15 hours ago, Lok said: Dear All, I am a new comer from Hong Kong and would like to say "Hi" to all of you in this forum group. Wish all of us (of course including me :-)) luck and able to get our Visa soon. From what the groupmates said on above, it seems I still have a long long way to go as I just received WA State nomination last Friday …. Good luck to all of you … Lok Good luck with your application. Quote Link to comment Share on other sites More sharing options...
Alan Collett Posted September 1, 2020 Share Posted September 1, 2020 On 27/08/2020 at 22:46, 3together said: Do you have special recomondations, based on countries of origin? Most applicants will have a tax agent in their home country, but most will be looking for a skilled tax agent in Australia. https://www.ato.gov.au/Individuals/Income-and-deductions/In-detail/Income/Foreign-income-exemption-for-temporary-residents---introduction/ Remember also that a subclass 188 visa is a temporary residency visa - so once resident in Australia you should be able to rely on the temporary tax resident exemptions such that foreign income and capital gains are not taxable in Australia. Such amounts are though disclosable on your annual Australian tax return once you are a resident of Australia, as target foreign income. Best regards. Quote Link to comment Share on other sites More sharing options...
Lok Posted September 1, 2020 Share Posted September 1, 2020 1 hour ago, Steve Elliott said: Good luck with your application. Thanks Steve Quote Link to comment Share on other sites More sharing options...
Jay. Posted September 8, 2020 Share Posted September 8, 2020 Hi guys some new I as response to fill form for the investment for the bond , after that the visa will be granted so few months to go nearly there. 1 Quote Link to comment Share on other sites More sharing options...
Lok Posted September 9, 2020 Share Posted September 9, 2020 4 hours ago, Jay. said: Hi guys some new I as response to fill form for the investment for the bond , after that the visa will be granted so few months to go nearly there. Congratulations Jay. I think just weeks to go after you filled the form. You can book your ticket to Sydney now Quote Link to comment Share on other sites More sharing options...
Asif Shaikh Posted September 9, 2020 Share Posted September 9, 2020 Congratulations Jay Quote Link to comment Share on other sites More sharing options...
Jay. Posted September 9, 2020 Share Posted September 9, 2020 Thanks still have few months for visa to come and there are few former what I have to send and then there going to say to do the investments. Plus wait for borders to open. Quote Link to comment Share on other sites More sharing options...
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