ARTICLE · 12 DECEMBER 2012

Focus: Significant Investor visa launched

McCullough Robertson

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Australian companies and fund managers can market products to high net worth individuals seeking investment immigration.

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The new Significant Investor Visa was launched on 24 November 2012. The new visa program provides Australian companies and fund managers with an opportunity to market products to high net worth individuals seeking investment immigration, particularly from China.

This new visa requires applicants to invest at least A$5 million in Government bonds, managed funds or private Australian companies, and to be nominated by a State or Territory Government.

Visa applicants must:

submit an expression of interest in SkillSelect
be nominated by a State or Territory government, and
make investments of at least A$5 million into complying investments.

Applicants will be granted a number of concessions which include:

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