Do you want to immigrate to Australia as an investor? The Significant Investor Visa is one of your best friends to achieve this. The visa was created by the Australian government not just to bolster the Australian economy but also to give investors an opportunity to become a part of the country. Besides, the ASIC regulated funds management give fund managers access to an innovative source of capital. The benefits of this visa are described as following.
The Significant Investor Visa is created to encourage business innovation to successfully drive businesses and the economy. High-net worth investors can use this visa to come to Australia and build new companies, offer new jobs, and fuel the economy. While this is beneficial to the country and its economy, you as an investor will be able to get access to more open markets and an economy that is already flourishing and one of the best in the world. There are many advantages on offer for an migrant investor in Australia than you could find almost anywhere else.
In the past, if you wanted to migrate to Australia as an investor, you would have to pass through tests and many other complicated processes. This involved passing the innovation points test, meet the English language requirements, and the upper age limit. However, when you want to take advantage of the ASIC regulated funds management, you can be eligible by becoming a passive investor. You will have to get the help of an experienced service provider who could help you with all the norms required for the visa.
There are some requirements to be fulfilled in order to apply for the Significant Investor Visa. First and foremost, you must have a clear intention to maintain the investment for minimum 4 years. You will be required to live in the State or Territory in Australia that will nominate you as an investor. There could be extra requirements based on where you are applying for residence. For example, some states will require that you invest a minimum percentage of the investment in their specific funds/bonds.
As a standard, the visa requires that you invest a minimum of AU$5 million in the Australia. The type of funds where you can invest in can be State, Commonwealth or Territory government bonds. Another area is an unlisted managed fund having a mandate for investment in Australia and handled by someone that has been licenced for ASIC regulated funds management. You can also make direct investments into proprietary businesses in the country.
When choosing the fund, make sure that it meets certain criteria. Most importantly, it must be open to everyone. Examples of ASIC regulated funds management include infrastructure projects, bonds issued by State/Commonwealth/Territory governments, cash held by depository institutions, or bonds/equities/hybrids or debts in Australian companies or listed trusts. Others forms of investments can be term deposits or bonds issued by recognized Australian financial bodies; Australian agribusinesses or in real estate in the country.