A major overhaul of the Employer Sponsored visa known as the 457 was announced by the Australia’s Prime Minister Malcolm Turnbull on Tuesday afternoon on Facebook.
What is the 457 program and what changes have been announced?
The 457 Visa pathway is designed to attract foreign workers to Australia to fill local skills shortages. The four-year Employer Sponsored visa also enables workers to apply for permanent residency in Australia. Continue reading Will the changes to the 457 Visa stream impact on SIV?
At the end of 2013 Chinese President Xi Jinping announced one of China’s most ambitious foreign policy and economic initiatives, the Silk Road Economic Belt and the 21st-century Maritime Silk Road. It consists of:
- The land-based “Belt” – the historic overland Silk Road trading routes that connected China, via Central Asia, to Europe and the Middle East
- The oceangoing “Road” – the maritime equivalents to the south, linking China, Southeast Asia, India, Africa and potentially Australia after Chinese President Xi Jinping called in April last year for the alignment of One Belt, One Road with Australia’s northern development plan.
Continue reading What is China’s One Belt One Road initiative and why is it important for Australia?
In this television interview, David Chin of market intelligence firm BasisPoint shares his insights on the impact of recent clampdown on Chinese capital controls on the Australian property market.
Continue reading Chinese investment in Australia – David Chin from BasisPoint talks to ABC’s The Business
Whilst there was concern that the rate of applications was slowing down with the changes in the complying investment regime from 1 July 2015, there is still strong interest in Australia’s Significant Investor Visa (SIV) Business and Innovation Visa program.
In the first year, as migration agents and potential applicants got used to the new investment regime, there were only 24 visas granted. However in the eight months to 28 February 2017 there have been a further 112 visas approved taking the total number of SIV2’s to 136.
This means there will be $68M invested during the 12 months following into venture capital and growth private equity in Australia, plus $204M into Australian small company shares and $408M in managed funds investing in corporate bonds, commercial property and shares.
According to the Department of Immigration and Border Protection, the total number of SIV’s granted since the commencement of the program on 24 November 2012 is currently 1,746. Two-thirds of the SIV2 applicants have accepted nominations to live in Victoria, a few to WA and the rest to NSW.
We are now starting to see those early applicants hit the 4-year minimum term and converting their temporary visa to permanent residency. Applicants will start to move themselves and their families to Australia and be looking out for additional investment opportunities in businesses, agriculture, education and other services to leverage their networks in China.
For Australian advisory and services professionals with cross-jurisdictional expertise, there will be ongoing opportunities to serve these wealthy migrants.
Those interested in working with HNW Chinese and their families can’t afford to miss the upcoming BasisPoint event on SIV – Chinese investment and integration in Sydney on Wednesday 3rd May – details here.
Stacey Martin is an SIV Consultant and Founder of the Expat Advisors Community professional network. With an extensive career in financial services and private wealth management, Stacey assists SIV applicants to navigate the process with the right service from the right professional at the right time. She is the author of “Smooth Road to Travel – China to Australia” which can be downloaded here.
Interview with John Grealy, Sales Manager Doltone House
This iconic conference and meeting venue on the waterfront at Pyrmont and in the Sydney CBD has been extending their offering to the Chinese business incentive market.
In this 20 minute podcast, find out why Aus-China organisations such as BasisPoint, Australia China Business Council, AccessCN and our own Melbourne Cup event are taking advantage of their tailored proposition to the Chinese market.
A veteran in sales, John also shares his tips on using social media and conversation triggers for building a successful business.
To listen to the interview with John on the SME Radio website here>> or download on ITunes: SME Radio ACBC
You can also download the Doltone House brochure in Chinese here.