The Significant Investor Visa program saw a rush of applications last year prior to the change in complying investment requirements which came into effect on 1 July 2015.
Figures recently released to 31 January 2016 show 340 SIV1 visas have been granted from the backlog, and 6 under the new SIV2 rules.
At last weeks Migration Conference, Suzanne Gillham from NSW Trade said take-up was expected to be slower with the introduction of the new rules, but were pleased with the progress and the 40 NSW invitations issued so far.
The table below summarises the total application rate for SIV 2, with more up to date figures on the Department of Immigration website here.
SIV 2 from 1 July 2015 |
Total |
| Expressions of Interest | 149 |
| Invitations to apply from state government nomination | 112 |
| Primary applications lodged | 89 |
| Primary visas granted | 6 |
If you would like to know more about SIV program you can contact Migration Alliance here or email Expat Advisors Community here.