Moelis Australia is one of Australia’s largest Significant Investor Visa (SIV) fund managers and has been a pioneer in this program working closely with Australian federal and state governments. Forming part of our Asset Management division, our specialist SIV team spans Sydney, Melbourne and Shanghai, offering a range of solutions to high net worth investors.
About the SIV program
The Significant Investor Visa (SIV) is a Federal Government initiative designed to attract high net worth individuals from other countries who wish to seek permanent residency in Australia. SIV is a stream within the Australian Government's Business Innovation and Investment (Provisional) (Subclass 188) visa and the Business Innovation and Investment (Permanent) (Subclass 888) visa.
The Australian Government introduced the SIV in 2012 as a way to provide a boost the economy and drive innovation through competing effectively for high net worth individuals seeking investment migration.
SIV holders are required to invest at least $5 million into complying investments for a minimum of four years before being eligible to apply for a permanent visa.
The SIV complying investment rules were changed in 2015 by the Australian Government and from 1 July 2015, SIV applicants are required to invest at least $5 million in complying investments, which must include:
- At least A$500,000 in eligible Australian venture capital or growth private equity (VCPE) fund(s) investing in start-up and small private companies;
- At least A$1,500,000 in an eligible managed fund that invests in emerging companies; and
- A 'balancing investment' of up to A$3,000,000 in managed funds that invest in a combination of eligible assets that include Australian listed securities, eligible corporate bonds or notes, annuities and real property (subject to the 10% limit on residential real estate).
A summary of the complying investment framework is available on the Austrade website
Moelis Australia offers funds that comply with the SIV complying investment rules both before and after 1 July 2015.