Austrade: Significant and Premium Investor Visa Programmes Investor Visa Unit Investment Division September 2015
Why have an investor visa programme? • Attract entrepreneurial investors with business skills and capital to invest into innovative Australian businesses • Promote investment, innovation and commercialisation of Australian ideas, research and development • Provide pathway to Australian permanent residency, balancing investment migration and benefit to our economy The Government aims to “help ensure Australia’s best and brightest find funds at home to build the next great start-up”. (The Australian, 27/10/14) Trade Minister Andrew Robb Australia Unlimited 2
Key points – Significant Investor Visa (SIV) • Since 1 July 2015, new SIV applicants must invest at least $5 million in complying investments, including: – At least $500,000 in eligible Australian venture capital or growth private equity (VCPE) fund(s) investing in start-up and small private companies; – At least $1.5 million in eligible managed fund(s) or Listed Investment Companies (LICs) investing in Emerging Companies; and, – A ‘balancing investment of up to $3 million in managed fund(s) or LICs that invest in a combination of eligible assets. Australia Unlimited 3
Key points – Premium Investor Visa (PIV) • The PIV is a new visa stream to attract a very small number of highly talented innovators, who must have: - proven entrepreneurial skills; and, - the ability to pass on these skills to emerging Australian entrepreneurs. • The focus of the PIV is not on an individual’s ‘wealth accumulation’ so much as their proven talents and the long- term economic benefit they can deliver to Australia. - Available by invitation of the Australian Government only - Will be rolled out over the coming year Australia Unlimited 4
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