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”.
