The new Premium Investor Visa (PIV) will require an investment of $15 million, nomination by Austrade and has no residency requirements. PIV holders will be eligible for permanent residency after holding the complying investment for 12 months.
Other changes which will apply to the $5 million SIV:
The involvement of Austrade in the nomination of applicants on behalf of the Australian Government and in determining complying investment policy
Allowing ‘role swapping’ between primary and secondary applicants during the provisional visa stage
introduction of 180 day residency requirements for secondary visa holders
changes to improve visa processing times
These changes will not apply to current SIV holders or current applications.
Source: DIBP
Understanding Labour Market Testing (LMT) for the Subclass 482 Skills in Demand Visa Labour Market Testing (LMT) is a key requirement for businesses applying for the Subclass 482 Skills in …
Continue reading “Labour Market Testing Made Simple: A Guide for 482 Visa Employers”
Read MoreFrom 1 July, the skilled visa income threshold will increase, benefiting future nominated applicants. Before you learn more about the increase and how it will impact different visa streams, you …
Continue reading “Guide To Annual Indexation of Skilled Visa Income Thresholds”
Read MoreThe 407 training visa is a top choice for many professionals who want to advance their skills and careers. It offers valuable training and career development in various industries, such …
Continue reading “Who Can Sponsor a 407 Visa?”
Read MoreThe National Innovation Visa Program, or the subclass 858 visa, is designed to attract the best and brightest to contribute to Australia’s innovation and international competitiveness. If you’re considering this …
Continue reading “Guide To Applying for an 858 Visa”
Read More
AustraliaMigrate Suite 601,
10 Help Street, Chatswood
NSW 2067 Australia
