Australian Govt Made Announcement of Changes in Visa, for wealthy investors

May 21, 2015
For changes to visa investors will turn out in Australia

The Australian govt desires to make few changes to the significant investment visa as well as for premium investor visa over the next year.

The main point is to attract a small number of highly talented and entrepreneurial persons by Australia which would bring a long term economic benefit to the country.

Starting from 01 July 2015 a new Significant Investors Visa applicant will be required to invest minimum $5 million in complying savings, which must now include at least $500,000 in suitable Australian capital, small private firms, private fund investing in start-up and many additional funds. Within two years the Government expects to increase this to $1 million for new applications.

The assistant for Immigration and boundary safety has added that the SIV programme will provide a great pathway to the Australian permanent residence for international investors and investors with business skills, who will bring fundamental capital for improving Australian businesses and increase their national income.

Direct investment in residential real estate earlier was not allowed and even now there is no change in it.. Indirect investment in residential real estate through managed funds will be restricted. significantly, a SIV holder even then independently  can invest in residential real estate  as long as it within the foreign investment rules and regulations, but this wouldn’t count as a fulfilling investment to qualify for a visa.

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