The Australian government has released a draft investment framework for an enhanced Significant Investor Visa Scheme (SIV) and design options for a new Premium Investor Visa (PIV).As part of a broader competitiveness agenda, the reforms are aimed at better directing investment through the visa schemes into more dynamic areas of the economy, including venture capital…
Over the next few weeks, you will see and hear many media reports on the upcoming proposed legislation which may affect the EB-5 (immigration through investment) program. It is important to put this and any other EB-5 topic in context.While the EB-5 “Pilot Program” is scheduled to sunset on September 30, 2015, the statute related to…
The Productivity Commission’s suggestion of selling Australian visas which some estimate will be in the order of $50,000 per visa rubs against the Australian ethos of a fair-go. Australia already has the SIV which is a pathway for the wealthy. Perhaps that scheme needs to investigated and improved. Instead what we have are proposed changes…
Today the Government announced the new complying investment framework for the Significant Investor Visa (SIV) and Premium Investor Visa (PIV) programme (media release). The Government intends that the new framework will be implemented from 1 July 2015 and will encourage investment into innovative Australian ideas and emerging companies. From 1 July 2015, Austrade will also…
USA – EB5 Program Regulations are in process to change the EB-5 program on Sept. 30, 2016. After that time, the following changes are expected to occur: (1) Investment levels are expected to change from $500,000 to $800,000 in Targeted Employment Areas (TEAs), and from $1M to $1.2M in non-TEAs.(2) The definition of TEAs may…
