The Department of Immigration and Border Protection today granted an additional significant investor visa, just in time for Christmas. The recipient, Santa Claus, has committed to investing in local toy manufacturers as an alternative to his elves in the North Pole, ensuring all children in Australia receive their toys on time and helping to bolster the industry. A departmental spokesman pointed out that in previous years, Santa entered Australia on business short stay visas, but this year his desire to make a significant investment in toy manufacturing in the country led him to subclass 188 significant investor visa.
“The purpose of the significant investor visa is to boost the local economy and compete for investment migration on an international scale,” The spokesman commented.
The Spokesman explained that after satisfying all requirements for the 188 visa and making his $5 million complying investment by investing in toy factory Festive Toys Inc., Santa secured the employment of hundreds of local and interstate elves – an opportunity they wouldn’t otherwise have been granted.
“The grant of this latest significant investor visa to Santa Claus caps off a fantastic year for the programme, with more then $325 million in complying investments from applications since the programme began on 24 November 2012, and I have no doubt that Santa’s addition to this list will add to the strength of toy manufacturing in Australia,” the spokesman said.