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ARTICLE · 13 SEPTEMBER 2013

Client Update: Expanded investment criteria for Significant Investment Visas

Holding Redlich
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These expanded investment visas create additional opportunities for foreign investors seeking residency in Australia.

AustraliaImmigration
Katherine-Anne Waldron
Katherine-Anne Waldron
Jeremy Loeliger
Jeremy Loeliger
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Effective from 23 November 2013, the categories of managed funds, regulated by the Australian Securities and Investments Commission (ASIC) which qualify as a 'complying investment' for the purposes of the Business Innovation and Investment (Provisional) (subclass 188) visa and the Business Innovation and Investment (Permanent) (subclass 888) visa (Significant Investor Visa or SIV), will be significantly expanded.

Significant Investment Visas

In order to qualify for a SIV, individuals must:

  • submit an application and be nominated by a State or Territory government;
  • make an investment of at least five million Australian dollars into complying investments; and
  • if granted a provisional visa (subclass 188), the individual must reside in Australia for a period of 160 days over four years in order to qualify for a permanent visa (subclass 888).

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