Significant Investor stream requirements
Significant Investor Visa (SIV)
The significant investor (sub class 188) visa is a provisional visa, valid for four years that has a pathway to permanent residency.
Applicants must be nominated by a state or territory government or nomination form Austrade before being invited to apply for this visa.
Applicants must make a ‘complying investment’ of at least A$5 millionin Australia.
A ‘complying investment’ generally includes one or more of the following:
i. At least AUD500,000 in eligible Australian venture capital or growth private equity fund(s) investing in start-up and small private companies. Note the Government expects to increase this to $1million for new applications within two years as the market responds;
ii. At least AUD1.5 million in an eligible managed fund(s) or Listed Investment Companies (LICs) that invest in emerging companies listed on the Australian Securities Exchange (ASX); and,
iii. A ‘balancing investment’ of up to AUD3 million in fund(s) or LICs that invest in a combination of eligible assets that include other ASX listed companies, eligible Australian corporate bonds or notes, annuities and real property in Australia (subject to the 10% limit on residential real estate).
iv. Direct investments in residential real estate, will not be considered a complying investment for a Significant Investor visa or a Premium Investor visa.
For applicants who apply from 1 July 2015, indirect investment in residential real estate will be limited to less than 10% of a vehicle’s net assets. The Government will continue to focus on areas which meet with its publically stated objectives for the Significant Investor visa and Premium Investor Visa.
You need to be able to prove that the assets or funds you use for your complying investment are unencumbered and lawfully acquired.
When you apply for this visa you will need to provide a statement that identifies your ownership as well as the value of assets that you want to use to fund your complying investments. The value of these assets must be at a minimum of AUD5 million for the Significant Investor visa, and AUD15 million for the Premium Investor visa.
Each Australian state has their own requirements as to how the A$5 million must be apportioned among complying investments.