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28th July 2017
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Significant investors to gain Australian residency quickly

Expanding the Significant Investor Visa (SIV) program

03.11.2014

The government announced that it will create a new Premium Investor Visa (PIV) category. This will speed up the application process for people who invest at least $15 million in Australia for at least four years. It is also streamlining the existing Significant Investor Visa (SIV) process.


New category: Premium Investor Visa

The SIV was set up by the former Labor government in an effort to encourage foreign investment in Australia.

The current scheme allows people who invest at least $5 million in Australia for at least four years to apply for permanent residency.

The new PIV will apply to people investing three times this amount – at least $15 million – for at least four years. It will offer a faster (12-month) pathway to permanent residency.  

Only Austrade can nominate applicants for the new PIV.

The PIV will be introduced from 1 July 2015.

Changes to existing category: Significant Investor Visa

The government is also making changes to the existing SIV:

  • streamlining and speeding up visa processing
  • promoting the program more widely overseas
  • strengthening integrity protections
  • changing eligibility criteria for investments so that they align with the government’s national investment priorities – these criteria will be determined by Austrade in consultation with economic and industry portfolios
  • allowing Austrade (in addition to the state and territory governments) to nominate applicants for the SIV.

These changes will happen during 2014–15.

For more information

If you are considering investing in Australia, contact Haag Walker Lawyers for advice on the best way to proceed.

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