Hot Topics

More changes likely to Significant Investor Visa Program

The Hon Alex Hawke, assistant minister for immigration addressing the BasisPoint conference.
At the recent BasisPoint Significant Investor Visa (SIV) conference, following the keynote address by the assistant immigration minister The Hon Alex Hawke MP, there were lots of questions from the more than 200 industry participants in attendance.

SIV is one of the streams within the Business and Innovation program and more than 1,700 visas have been granted since commencement in 2012 generating $8.7B in complying investments, with 88.4% of applicants from China. In July 2015 there was a change to the complying investments framework to more active assets to contribute to Australia’s economic growth. Continue reading More changes likely to Significant Investor Visa Program

Economic briefings on India: Wednesday 24th May

Birla Sun Life Asset Management is the fourth largest Asset Manager in India with more than US$ 16.67bn AUM and is one of the managers in the Jaipur India Fund.

Mr A Balasubramanian, CEO of Birla Sun Life AMC will be in Sydney and be speaking to those interested in investing and doing business in India. Given the key role India is taking as part of the Asian century, the session will provide insights into the current risks and opportunities as well as broader macroeconomic themes across the region.

Date:                 Wednesday 24th May 2017

Two sessions:  

7.15 am – light breakfast will be served

4.15 pm – followed by networking drinks

Venue:               Dexus Place, Level 5, 1 Margaret St, Sydney

RSVP:                katrina@jaipurfunds.com.au  indicating the breakfast or afternoon session. Also let Katrina know you have been invited by Expat Advisors Community.

Stacey Martin has an extensive career in financial services and private wealth management and founded the Expat Advisors Community network for professionals with internationally connected clients. As a trusted authority on the Significant Investor Visa (SIV) program, Stacey provides relationship management services for applicants to Australia and New Zealand,  predominantly from China, Vietnam and India. She is the author of “Smooth Road to Travel – China to Australia” which can be downloaded here. 

 

155 SIV2’s granted with 150 awaiting approval

 With so much going on in the world, lifestyle destinations such as Australia and New Zealand are benefiting from investor migration. Whilst in both countries the majority have been from China, enquiries are increasing from other Asians countries as well as UK, US and South Africa.

The number of Significant Investor Visa (SIV) applications approved under the new investment regime to 31st March 2017, which includes $500,000 of the $5M into venture capital and the balance in Australian managed funds, has increased by 19 in last month to a total of 155, with a further 150 applications lodged and awaiting approval.

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 now sitting at 1,788, with 1,623 under SIV1 and 155 under SIV2.

The top five source countries of investor migrants to Australia is:

  • China – 88%
  • Hong Kong – 2.9%
  • Malaysia – 1.3%
  • South Africa – 1.2%
  • Vietnam – 1%

The NSW government has recently held roadshows in China and Malaysia and in June will present on the business, investment and lifestyle opportunities in Vietnam and Hong Kong.

Stacey Martin has an extensive career in financial services and private wealth management and founded the Expat Advisors Community network for professionals with internationally connected clients. As a trusted authority on the Significant Investor Visa (SIV) program, Stacey provides relationship management services for applicants to Australia and New Zealand,  predominantly from China, Vietnam and India. She is the author of “Smooth Road to Travel – China to Australia” which can be downloaded here. 

Will the changes to the 457 Visa stream impact on SIV?

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?

What is China’s One Belt One Road initiative and why is it important for Australia?

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?