Immigration Lawyers and Migration Agents

Your Australian Visa Our Focus

Investor visas are one of the best ways to get permanent residency in Australia. If you want to move to Australia and you have the means to invest five million Australian dollars, the 188 Significant Investor visa might be ideal for you.

The Business Innovation and Investor 188 visa is the visa for experienced business people or high net-worth individuals. There are four streams of the 188 visa, depending on how much you are able to invest, but the Significant Investor visa is the stream with the most benefits. Here are 10 reasons we think you’ll love the Significant Investor visa.

Business visa options are popular among overseas business owners seeking to obtain an Australian visa for their family to settle down and enjoy a better quality of life in Australia. There are a few different options and each has its unique criteria and obligations to fulfil. The six visa options available on 1 July 2015 are:

• 188A Business Innovation
• 188B Investor
• 188C Significant Investor Visa
• 132A Significant Business History
• 132B Venture Capital Entrepreneur
• Premium Investor Visa

Work Visa Lawyers has created a summary that provides an overview of the options. The summary includes new complying investment requirements for the 188C Significant Investor Visa (SIV) and the new Premium Investor Visa (PIV). Click on the images to load the table in a larger format.

Do take note that the summary is an overview of the business and investment visa options available and your personal circumstances will need to be assessed to determine your eligibility for the visas available. Contact Work Visa Lawyers if you need our Registered Migration Agents to assess your eligibility for the visas above.

What are complying investments?

Complying investments are investment products designated by the Australian Government for the investment purposes of the 188C SIV and the new PIV.

Complying investments for a Significant Investor visa include:

• 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;
• 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,
• 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).

For a total investment of at least AUD 5 million.

Eligible investments for the Premium Investor visa will be investments in:

• An Australian managed fund
• Australian securities exchange listed assets
• Australian government or semi-government bonds or notes
• Corporate bonds or notes issued by an Australian exchanged listed entity (or wholly owned subsidiary of the Australian listed entity) or investment grade rated Australian corporate bonds or notes rated by an Australian Financial Services licenced debt rating agency
• Australian proprietary limited companies
• Real property in Australia (subject to the exclusion of direct investment in residential property and limit of 10% indirect investment in residential real estate as part of a fund’s net assets)
• Annuities issued by Australian registered life companies that do not repay capital during the qualifying period
• State and territory government endorsed philanthropic donations.

For a total investment of at least AUD 15 million.

Comments by Chris Johnston – Principal Lawyer and Registered Migration Agent at Work Visa Lawyers

The biggest change that will come into effect on 1 July 2015 is that investors on the 188C SIV will be unable to invest all their designated AUD 5 million into one passive investment product such as government bonds or real estate funds. With AUD 500,000 minimum required to be invested in venture capital or growth private equity funds, you may be better off considering the 132B where you are required to obtain AUD 1 million from a venture capital firm but obtain permanent residency from day 1. This is compared to having to wait 4 years under the 188C before being able to apply for a permanent resident visa. The 132 visas might be more attractive to business and investment migrants starting 1 July 2015.

Work Visa Lawyers is already working with relevant financial institutes which are lining up financial products that fulfil the requirements as a complying investment.

Source:

1. https://www.immi.gov.au/faqs/Pages/What-is-the-significant-investor-visa.aspx
2. https://www.austrade.gov.au/invest/significant-investor-visa-and-premium-investor-visa-programmes
3. http://trademinister.gov.au/releases/Pages/2015/ar_mr_150515.aspx

This information is accurate on 25 June 2015

Do you need help with an Australian visa application?

At Work Visa Lawyers we are experienced in assisting applicants in all matters relating to Australian visa applications. Our areas of expertise include Skilled Migration visas, Business Skills Migration visas – 188, 132 and 888, Employer Sponsored Work Visas, Partner and other Family Migration visas as well as Migration Review Tribunal, Judicial Review and Ministerial Intervention.

If you require further information regarding your Australia visa options you can contact us through:

(08) 7225 5091 or +61 8 7225 5091

or   This email address is being protected from spambots. You need JavaScript enabled to view it.

The new financial year for Australia is coming and here are some migration related news you need to know.

• Visa Application Fees (VAC) are increasing on 1 July 2015
• Immigration South Australia (SA) will start collecting fees on 10 June 2015
• Changes to the Significant Investor Visa (SIV) and introduction of the Premium Investor Visa (PIV)

Visa Application Charges for 1 July 2015

If you missed our earlier news entry on the VAC increments, click here to find out more. The new fees apply if you submit a visa application on 1 July 2015 or after, so you can still submit an application now to avoid the fee increase. The increase ranges from 2.3% to 50%.

A word of caution: try not to leave your application until the last day (30 June 2015) for submission. The online system may be flooded and users can experience system outages. A scheduled outage has been announced for Midnight Tuesday 30 June to 7am Wednesday 1 July 2015. ​

Immigration SA now charges fees for state sponsorship effective 10 June 2015

Immigration SA announced earlier that they will start collecting fees for state sponsorship application, following what other states and territories have been doing for a while now. Here is the breakdown of the charges:

Note: A credit card and processing surcharge of 3.2% is charged in addition to the fees listed.

Changes to the Significant Investor Visa (SIV) and announcing the Premium Investor Visa (PIV)

The SIV has been suspended since 24 April 2015, and will resume on 1 July 2015. While the investment amount of A$ 5 million has not changed, the structure of the complying investments has been modified to ensure allocation of investment funds to start-ups, instead of mainly government bonds. Here is the breakdown:

• At least A$ 500,000 in eligible Australian venture capital or growth private equity fund(s) investing in start-up and small private companies (“VCPE”). The Government expects to increase this to A$ 1 million for new applications within two years as the market responds; 

•  At least A$ 1.5 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 

• A ‘balancing investment’ of up to A$ 3 million in managed fund(s) or LICs that invest in a combination of eligible assets that include other ASX listed companies, eligible corporate bonds or notes, annuities and real property (subject to the 10 per cent limit on residential real estate). 

For the new PIV, a minimum investment of A$ 15 million will be required. It will be available at the invitation of the Australian Government only, with potential applicants to be nominated by Austrade. The investor will be able to apply for permanent residence in 12 months’ time, compared to 4 years for the SIV.

Comments by Chris Johnston – Principal Lawyer and Registered Migration Agent at Work Visa Lawyers

The new financial year usually brings Visa Application Charge (VAC) increases and changes to the visa programme. The best mentality for Australian visa applications is to submit an application when you are eligible as soon as possible. Do not put yourself and your family at risk of fee increases (which may be significant if you are from overseas) and migration legislation changes. Act now and lodge your application as soon as possible.

Source:

1. http://www.immi.gov.au/pub-res/Documents/budget/VAC-increases-fact-sheet.pdf
2. http://migration.sa.gov.au/resources/faq/application-fees
3. http://www.minister.immi.gov.au/michaeliacash/2015/Pages/significant-and-premium-investor-visas.aspx

This information is accurate on 9 June 2015

Do you need help with an Australian visa application?

At Work Visa Lawyers we are experienced in assisting applicants in all matters relating to Australian visa applications. Our areas of expertise include Skilled Migration visas, Business Skills Migration visas, Employer Sponsored Work Visas, Partner and other Family Migration visas as well as Migration Review Tribunal, Judicial Review and Ministerial Intervention.

If you require further information regarding your Australia visa options you can contact us through:

(08) 7225 5091 or +61 8 7225 5091

or   This email address is being protected from spambots. You need JavaScript enabled to view it.

The Department of Immigration and Border Protection (DIBP) has announced that new Significant Visa (SIV) applications will be suspended from 24 April 2015 to 30 June 2015. The suspension of new applications is to facilitate changes to the complying investment framework.

What Does This Mean?

Current SIV applicants who have received an Invitation to Apply (ITA) and lodged their visa applications will not be affected by the suspension and any new rules introduced after or during the suspension. With changes upcoming it is best to lodge your SIV application as soon as possible if you have received an ITA.

While you can still submit an Expression of Interest (EOI) for the SIV uptill 23 April 2015, no further ITAs will be issued until after 1 July 2015.

More updates to follow...

This information is accurate on the 7 April 2015

Do you need help with an Australian visa application?

At Work Visa Lawyers we are experienced in assisting applicants in various Australian visa applications including General Skilled, Employer Sponsored, Business Skills, Family, and Migration Review Tribunal applications. Our vast experience allows us to understand that each business setup and investment portfolio is different and thus applicants can meet visa application requirements in different ways.

If you require further information regarding your Australia visa options you can contact us through:

(08) 7225 5091 or +61 8 7225 5091

or   This email address is being protected from spambots. You need JavaScript enabled to view it.