Residential property investment: fact sheet for foreign owners – Chinese – traditional (繁体中文) and Chinese – simplified (簡體中文).Foreign investment in Australia: what you need to know – Chinese – traditional (繁体中文) and Chinese – simplified (簡體中文).Vacancy fee form and payment instructions – provides assistance on how to complete your application and make a payment.Land and water registration instructions – provides instructions on how to complete your application.
Apply for residential real estate approval. Foreign investment terms and definitions. This depends on a range of factors such as your visa status, where you live and investment ownership.įoreign Investment Review Board Guidance Note 2: Key Concepts External Link - select either the Word or PDF download to see the definition of 'foreign person'. If you're a foreign person who is planning to invest in Australian residential real estate, agricultural land, or water entitlements, you may need to apply to the Foreign Investment Review Board (FIRB) and register your investment with us.īefore you start, you need to check if you're considered a 'foreign person'. It has helped build Australia’s economy and will continue to enhance the wellbeing of Australians by supporting financial growth. These could include investing in electric vehicles, trucks and busses with Swedish and German companies and investing in renewable energy projects with French firms.Foreign investment is essential to Australia’s prosperity. The strategy is expected to focus on getting more out of the developed Asian markets of Japan, South Korea and Singapore, and double down on European countries including Germany, Spain and France. The government also wants to shore up critical supply chains that have been exposed by the COVID-19 pandemic.Īustralia is already playing catch-up with other countries coming out of the pandemic as it has been unable to welcome investors to complete due diligence, negotiate local approvals and recruit staff because of travel restrictions. 
There is growing concern within the federal government that it will fail to secure investment in emerging industries such as hydrogen and space unless it finds new sources of FDI. “And that’s something I’m very conscious of following the impact on foreign direct investment from the pandemic, and it’s something I’ll have more to say on over the coming months,” he said.
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