Whilst awareness of the SIV is spreading in key source countries, the majority of High Net Worth individuals are still unaware of the SIV and its benefits. 

Many HNW individuals assume that an investment visa requires them to reside full time with their family in Australia (turning their back on their business).  This of course is not the case!  This assumption leads these HNW families to never investigating or seeking any immigration advice.   Once HNW families are informed about the flexibility of being able to continue to run their business in their home country due to low residency requirements and the ability for their children to study in Australia at the same time, a shift in attitude generally occurs.

A quick reminder of the main features and benefits of the SIV are:

SIV Statistics

The table below shows statistics – 1 July 2017 – 28 February 2018.

Expressions of Interest (EOI) submitted through SkillSelect256
Invitations to apply for a SIV issued as a result of applicants being nominated by a state or territory government231
Primary applications lodged219
Primary visas granted (subject to regulations post 1 July 2015)104
Primary visas granted (subject to regulations prior to 1 July 2015)9

As of 28 February 2018:

AUD9.760 billion has been invested in Complying Investments

(Source: Ord Minnett)

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