The Significant Investor Visa programThe Australian Government’s Significant Investor Visa (‘SIV’) program offers an exciting concessional opportunity for high net worth (‘HNW’) investors looking to migrate to Australia.
What are complying investments for the SIV?From 1 July 2015, complying investments for applicants for a Significant Investor visa includes:
- At least A$500,000 in eligible Australian venture capital or growth private equity fund(s) investing in start-up and small private companies. Note the Government expects to increase this to $1million for new applications within two years as the market responds;
- At least A$1.5 million in an eligible managed fund(s) or Listed Investment Companies (LICs) that invest in emerging companies listed on the Australian Securities Exchange (ASX); and
- A ‘balancing investment’ of up to A$3 million in fund(s) or LICs that invest in a combination of eligible assets that include other ASX listed companies, eligible Australian corporate bonds or notes, annuities and real property in Australia (subject to the 10% limit on residential real estate).
- Australian Government Departments of Immigration and Border Protection website. http://www.immi.gov.au/faqs/Pages/What-are-complying-investments.aspx