Significant Investor Visa and Premium Investor...

Significant Investor Visa and

Premium Investor Visa

28 August 2015

With You Today

SIMON HAAG

Solicitor and Barrister

Advisory & Compliance

Fragomen Worldwide

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These materials are intended for training purposes only, whilst all efforts are made to ensure they are accurate it is not

promised or guaranteed, that they are complete, accurate, and up-to-date. Theses training materials are not intended to

provide legal advice and therefore cannot be used for the purpose of making decisions about visas or visa holders.

Participants should not act, or refrain from acting, based upon any information in these training materials, and should

always seek the advice of a migration agent or migration lawyer in the relevant jurisdiction. Fragomen, CENTIEM and

Workforce Migration Training expressly disclaim any and all liability with regard to actions taken or not taken based

upon the content of these training materials.

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Teamwork

Tax implications ?

Exit strategy?

Compliance?

Long term plans? FIRB approval?

Risk appetite?

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Are SIV/ PIV the right pathway?

INVEST RESIDE/

INVEST

ENGLISH SKILLS POINTS

TEST

Business Innovation

188/888

$800K 1Y/2Y

Investor

188/888

$1.5M 2Y/4Y

Significant Investor

188/888

$5M 160d/4Y - - -

Premium Investor

188/888

$15M -/1Y - - -

Venture Capital

132

$1M - - -

Significant Business

History 132

$1.5M - - -

ENS Direct Entry - -

-

Key Comparisons

• Main criteria is the complying

investment.

• Investments in a small,

prescribed pool of funds.

• Not for establishing own

business.

• No points test, English

language requirement, upper

age limit.

• Points Test :

• English language

• Qualifications

• Business/ investment

experience

• Age

• Upper age limit of 55 unless

exceptional.

• Must have held assets for

some years

• Investment can be in own

business.

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SIV Other BIIP Streams

Significant Investor Visa

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SIV Process

60 days 70 days

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Documentation

元

$ • Lawfully acquired

• Paper trail

• Unencumbered

• Details of the fund

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Documentation

Identity

Family relationship

Character Checks

Health checks

Certification & Deed of Release

Premium Investor Visa

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PIV Process

60 days 70 days

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Foreign Investment Review Board

• Portfolio investments are exempt

• Direct investments may require approval

• Limits likely to increase to $1.094 billion after ChAFTA

Shares in a business

$252m $252m

Farmland

*from 1 Dec 2015: $55m in Agribusiness

Control of a business

Commercial property

Transition to Permanent Residency

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Investment and Residency

PR

SIV

PIV

Investment 4Y

160 days over 4 years

Investment 1Y

No residency requirements

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Alternative 1: Spouse

SIV

PR Investment

Spouse: over 4 years 720 days

SIV

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Alternative 2: SIV Extension

• Must have maintained complying investment

• First extension: 6 years

• Second extension: 8 years

Investment 4Y

less than 160 days

SIV

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Thank You

Simon Haag Solicitor and Barrister

Advisory and Compliance Services

P: 02 8224 8561

E: shaag@fragomen.com