On 24th November 2012, the Government launched a new investment pathway, the Significant Investor Visa, in order to attract high net worth individuals and investors to Australia.
Applicants can apply for the visa if they are willing to invest at least AUD5 million in approved areas of investment over a period of four years, such as state or territory government bonds, Australian Securities and Investment Commission (ASIC) regulated managed funds and privately-owned Australian companies.
The new investment pathway will open up doors for overseas investors seeking to immigrate to Australia, and is seen as a strong initiative to inject capital into the Australian economy.
The visa also provides opportunities for fund managers to promote their investment products to visa applicants and holders, under the condition that the fund is compliant with the investment criteria, and has been certified for the purpose of the visa.
How Moore Stephens can assist
Are you a fund manager with domestic investments?
We can assist in the establishment of new investment vehicles, as well as provide tax advice on investments by new migrant investors in your existing funds, so that you increase your funds under management.
Are you a foreign investor seeking to take advantage of this visa?
We can identify potential investments for you, conduct due diligence and valuations, as well as provide tax advice on your investments, to make sure you are structured properly and according to your specific circumstances.
Click here to download our Significant Investor Visa flyer.
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