ARTICLE · 29 OCTOBER 2014

Investor visa changes provide fastrack to residency for premium investors

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To encourage foreign investment, the Government recently announced a broadening of the foreign investor visa programme.

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Winnie Lai Hadad

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In a move to encourage foreign investment in Australia, the Federal Government has recently announced a broadening of the foreign investor visa programme.

In this Alert, Senior Associate Ryan White and Law Graduate Andrew Clements discuss the proposed changes.

Background

The Significant Investor visa (SIV) was introduced on 24 November 2012 with the aim of encouraging foreign investment in Australia. It is targeted at people wanting to maintain business and investment activity in Australia after their original investment in Australia has matured and offers a pathway to permanent residency for individuals who have an investment of at least $5 million in Australia for at least four years.

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