By: Ben Halder
The jury may be out permanently on the old question of if money can buy happiness, but that
hasn’t stopped wealthy Chinese families from trying. There is a growing trend among China’s richest to use their wealth to move themselves and their families abroad. This is done primarily in the form of investment visas.
On the flip side, a number of countries are opening the doors to the estimated 1 million Chinese millionaires … provided they bring their money with them. It’s something of a bidding war in reverse, for which Australia wins the prize:
All it takes is
AU$5 million (US$3.7 million)
of investment to apply for permanent residency.
Other countries are not nearly so greedy, although the different terms on offer make the price of a visa difficult to compare. [FULL STORY]