In a development that is portrayed as a huge boost for Australia’s economy 500th Significant Investor Visa (SIV) has been reportedly provided. As per the current Assistant Minister for the Department of Immigration and Border Protection (DIBP), the visa was offered to a Chinese investor who had nomination from the Victorian Administration.
The minister depicted the same as an historic milestone for the scheme, which she asserted is presently realizing its possibilities even as concerned authorities opine that it will develop even more.She also divulged that a visa beneficiary has to invest$2.36 billion into the national economy of Oz.
The permit was brought-in to improve the nation’s economy, and to compete efficiently for high net worth people, interested in investment migration. It is mandatory that a migrant investor makes an investment of AU$5 million into complying investments, for not less than 4 years,prior to being entitled to submit an application for a permanent permit.
Allegedly, on the basis of the SIV success, Canberra lately made public the creation of the new Premium Investor Visa. The administration paid attention to response from firms and the financial services business which was keen to augment investment in the national economy & generate a more appealing migration corridor for probable aliens.An investment of AUD15 million into complying investments is required from the Premium Investor Visa aspirants even as the permit offers a chance for Permanent Residence (PR) post 12 months or 1 year.
Meanwhile, the receiver of the 500th SIV has stated that he is looking ahead to having closer links with Down Under.
Source: http://www.abhinav.com/news/australia-gives-500-significant-investor-permit.aspx
The minister depicted the same as an historic milestone for the scheme, which she asserted is presently realizing its possibilities even as concerned authorities opine that it will develop even more.She also divulged that a visa beneficiary has to invest$2.36 billion into the national economy of Oz.
The permit was brought-in to improve the nation’s economy, and to compete efficiently for high net worth people, interested in investment migration. It is mandatory that a migrant investor makes an investment of AU$5 million into complying investments, for not less than 4 years,prior to being entitled to submit an application for a permanent permit.
Allegedly, on the basis of the SIV success, Canberra lately made public the creation of the new Premium Investor Visa. The administration paid attention to response from firms and the financial services business which was keen to augment investment in the national economy & generate a more appealing migration corridor for probable aliens.An investment of AUD15 million into complying investments is required from the Premium Investor Visa aspirants even as the permit offers a chance for Permanent Residence (PR) post 12 months or 1 year.
Meanwhile, the receiver of the 500th SIV has stated that he is looking ahead to having closer links with Down Under.
Source: http://www.abhinav.com/news/australia-gives-500-significant-investor-permit.aspx
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