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

NZ Investor Visa program to include residential real estate

In June 2016 Australia changed the investment migration program to include venture capital to direct funds into areas which needed access to capital. Our friends across the ditch are also looking to have investments directed into growth assets rather than government bonds with final changes to their investment migration program due to be announced on 22 May 2017.

Australia’s investor visas are set at AUD 5M for the Significant Investor Visa (SIV) and AUD 15M for the Premium Investor Visa (PIV). New Zealand has an NZD 10 M Investor Plus program and are set to double the NZD 1.5M Investor program, but will give a reduction to NZD 2.5M (AUD 2.2M) to those that elect to invest half in growth assets.

The Australia program is very prescriptive in the management of the underlying assets within tight constraints, while in New Zealand complying investments can be in NZ shares either held directly or via a managed fund as well as NZ debt securities, and venture capital.  In addition to commercial property, new residential real estate developments which meet the parameters of the NZ Immigration program can also be used as part of the growth asset component.

Bear in mind the Investor 2 visa, unlike Investor Plus does have an age limit of 65, English language requirement, and requires more days to be spent in New Zealand  but the granting of NZ citizenship has been reduced to just one year after the 4 years holding period to permanent residency (3 years for Investor Plus).

With strong economic growth, a safe environment and clean air and good education system, New Zealand is understandably popular with those seeking a relaxed lifestyle for their families.

For a summary of the current and proposed NZ Investor Visa rules check out the comparison document: Investor Factsheet interim for use prior to May 2017.

For more information on investment migration to Australia and New Zealand contact Stacey Martin, Founder of Expat Advisors Community 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?

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