News

Push for Significant Investor Visa (sc 188) Expansion

An article published in the InvestorDaily on April 15, states the Australian Private Equity and Venture Capital Association (AVCAL) is lobbying for an increase in the Significant Investor Visa (SIV) program. The program is expected to contribute to economic growth in Australia and boost venture capital funding for businesses.

According to AVCAL chief executive Yasser El-Ansary, the SIV plan will be a large part of Australia’s line of attack when competing for global capital from offshore investors. One of the major shortcomings of the program identified by AVCAL is the narrow band of eligible asset classes under the visa regime.

“There is an intense global race for capital from investors who are looking for markets that offer sustainable growth potential into the future, and that’s where Australia has an opportunity to seek out new investment into venture capital and private equity, which will be critical to Australia’s future economic prosperity,” Mr El-Ansary said.

If you would like more information about the Significant Investor Visa, see our blog post here.

For more information about the significant investor visa and your eligibility, please contact a member of our migration team.

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