The doubt sucking value from investor visas

Visas designed to attract wealthy investors for economic benefit are falling short of their potential by sowing doubts in applicant's minds about the eligibility of assets beyond bonds.

In November last year, the Significant Investor Visa came in to operation. The purpose of this visa is to provide a boost for the Australian economy and to compete effectively for high net worth individuals seeking investment migration. Migrant investors are required to invest $5 million into complying investments for a minimum of four years before being eligible to apply for a permanent visa. Qualifying investments include:

– Commonwealth, state or territory government bonds.

– ASIC regulated funds with a mandate for investing in Australia.

– Direct investment into Australian proprietary companies carrying on an eligible “business”.

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