Significant Investor Visa

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

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. 

Vietnam business, investment & migration expo: 9 – 12 June

The NSW Department of Industry earlier this year held the second roadshow to in China and Malaysia promoting the business, investment and lifestyle benefits offered by NSW. The next leg is to Vietnam in June, before completing the roadshow in Hong Kong.

The objective is to increase awareness of the state’s welcoming business environment to Asian key migration industry stakeholders and business, entrepreneur and investor migrants, and present on the NSW business and investor migration program including the Significant Investor Visa (SIV).

The NSW Australia Vietnam Business Council (AVBC) and Vietnam Sydney Business Association (VSBA) are running a conference and trade expo focused on business matching, bilateral trade and investment opportunities and will include a presentation by the NSW government.

Conference on Australia-Vietnam Investment & Trade Expo

The conference, expo and a range of private events will be held from Friday evening in Ho Chi Minh until Monday in Hanoi. There are currently around 30 Australian businesses exhibiting including migration, financial services, real estate, education, agriculture and other products and services.

There are still expo booths available. and information on the sponsorship packages can be downloaded at: AVBC Roadshow.

Media Partner is AV Media providing promotion ahead of and throughout the event.

Ho Chi Minh City

Accommodation: Liberty Central City Point, 59 Pasteur, Ben Nghe Ward, District 1 Ho Chi Minh Vietnam 

Friday 9th June

  • 7.00 pm: Welcome Dinner at Ly Club Saigon for AVBC delegates (excludes drinks)

Saturday 10th June

7.00 am – check-out and transfer to Conference at Rex Hotel, Nguyen Hue St, Ben Nghe, I District, Ho Chi Minh

  • 8.00 am to 10.00 am: AVBC Program – product and services displays and short presentations by AVBC and sponsors
  • 10.00 am to  12.00 pm: NSW Government Program – seminar with NSW Trade, Apex Migration, Fund Managers and Education
  • 12.30 pm: Lunch for delegation at local restaurant

1.30 pm: transfer to Saigon (HCM) airport for flight to Hanoi for 3.30 pm flight to Hanoi arriving 5.40 pm

Hanoi

Accommodation: Pan Pacific Hotel, 1 Thanh Nien Road Ba Dinh District 10000 Hanoi

  • 7.30 pm: Dinner at Pan Pacific Hotel, Hanoi

Sunday 11th June

9 am: transfer from Pan Pacific Hotel to Prime Ministers Office

  • 10.00 am to 11.00 am: visit Vietnam’s Prime Minister Office with Australia Ambassador (VIP delegation package)

11 am: transfer to National Convention Centre

  • 2.00 pm to 5.00 pm: AVBC Show Australia Vietnam Investment and Trade Expo

Companies of various industries from fields of investment, real estate, education, farming, technology, etc., coming from Australia and Vietnam, will have stands, to show their products/services (marketing materials, business cards available to exchange) 

Vietnam: Projects calling for foreign investment from both cities HoChiMinh and Hanoi are presented on stands.

Australia: Investment opportunities in NSW are available – products, technology, know-how and service are shown to the visitors.

  • 2.30 pm to 3.00 pm: Meeting Mr Hung – Vietnamese Olympic Rowing team travelling to Australia in Sept 2017
  • 5.00 pm to 7.00 pm: NSW  Government Program – Seminar with NSW  Trade, Apex Migration, Fund Managers and Education
  • 7.00 pm to 8.30 pm: Dinner with Prime Minister of Vietnam (VIP Delegates – includes speeches from Diamond, Platinum, Gold and Silver sponsors)

8.45 pm: Transfer from Convention back to Pan Pacific Hotel

Monday 12th June

9.30 am – depart for morning meetings

  • 10.00 am to 11.00 am: Meeting Minister for Science & Technology
  • 11.30 am: Lunch at local restaurant
  • Handicraft Village Association and Vietnam Industrial Park

1.50 pm:  transfer to airport for those delegates departing

  • 5.00 pm to 7.00 pm: Networking Event hosted by VSBA at Villa Convention Centre

Costs for AVBC’s Mission

Delegate and Sponsor packages for the mission are summarised as follows:

  • Australian delegate – including flights ex-Sydney and accommodation 1 night in HCM & 2 nights Hanoi  – $3,000
  • Local delegate (excludes flights and accommodation) – $1,000

Accommodation in Ho Chi Minh is $160 pn and Hanoi $120 pn

Sponsorship Packages
  • Silver to Diamond range from $18,000 to $40,000 depending on size & location of prominent expo booth, including speaking spot at VIP dinner, translator, marketing and media and AVBC membership
  • Standard and premium are $3,000 and $8,500 for expo stand and some marketing and media. Both packages include accommodation.

For more information about the Vietnam trade delegation and expo and participation as a Delegate or Sponsor contact us here.

Stacey Martin is the founder of Expat Advisors Community, a network for professionals with internationally connected clients. With a background in financial services, today Stacey consults in investor migration managing relationships between Asia, in particular, China, Vietnam and India and Australia and New Zealand. For more information contact Stacey 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?

1,746 SIV Applications granted, including 136 under SIV2

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.