500th Significant Investor Visa granted The Australian economy has received a massive boost from the Significant Investor Visa (SIV) programme, with the Assistant Minister for Immigration and Border Protection, Senator the Hon. Michaelia Cash announcing the grant of the 500th visa. “The SIV programme is now realising its potential since the Coalition won Government and we fully expect it to grow even further,” Minister Cash said. “Since the Coalition came into Government, $2.36 billion has been invested into the Australian economy by recipients of this visa with complying investments ranging from State or Territory Government bonds, managed funds or direct investment into Australian companies.” The SIV was introduced to provide a boost to the Australian economy and to compete effectively for high net worth individuals seeking investment migration. Migrant investors are required to invest AUD5 million into complying investments for a minimum of four years before being eligible to apply for a permanent visa.
Posted on: Thu, 27 Nov 2014 23:20:54 +0000
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