In welcome news for the Australian economy, the Assistant Minister for Immigration and Border Protection, Senator Michaelia Cash has announced the grant of Australia's 500th Significant Investor Visa (SIV).
The visa, which requires State/Territory nomination and an investment of AU$5 million into complying investments was introduced to provide a boost for the Australian economy and encourage high net worth individuals to migrate to Australia. Since it was introduced, the SIV programme has seen $2.5 billion invested into the Australian economy, with the majority of SIV holders being from China.
Minister Cash explained that based on the success of the SIV, the Government recently announced that it was introducing the new Premium Investor Visa.
"The Premium Investor Visa will require investment of AU$15 million into complying investments and provides an opportunity for permanent residence after 12 months," Minister Cash said.
To learn more about Australia's Significant Investor Visa, click here or contact one of the friendly and professional Registered Migration Agents at AMVL Migrations. Our team specialise in all Australia visa categories and are standing by to assist.