Almost 700 visas have been granted since the Significant Investor Visa (SIV) program was established just over two years ago. Almost 90% of applicants are from mainland China. With no English language requirement, understanding Australia’s financial services landscape can be challenging.
The Austrade consultation paper on last years proposed changes to SIV the and the introduction of a Premium Investor Visa (PIV) category is due for release today, following feedback from the Financial Services Council and other industry participants.
Austrade suggests 20 per cent of an SIV investor’s $5m should be placed into early stage, growth capital investments through government-approved venture capital funds and 30 per cent must be invested in managed funds investing in ASX-listed emerging companies.
It has already been mooted that investing into government bonds does not necessarily add to the economic prosperity of Australia, and with concerns on rising property prices a ban on using SIV funds for property acquisition is not surprising.
However, requiring SIV Applicants to allocate a large proportion of their complying funds into higher risk investments that are likely to exceed the personal risk profiles of many individuals, means it will be essential that potential investment migrants get the appropriate information and advice about their options.
A guide to navigating the Australian financial services and migration landscape
This booklet compiled by Stacey Martin and members of Expat Advisors Community provides a comprehensive guide to assist Significant Investor Visa (SIV) applicants on their journey from applying for the visa, investing in Australia, and ultimately relocating to enjoy Australia’s enviable lifestyle.
It has recently been updated for the new Significant Investor Visa investment framework from 1 July, 2015 which includes mandated investment into venture capital and small companies in line with the Australian Governments innovation agenda.