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
The 2023–24 Permanent Migration Program has allocated 30,375 places for Skilled Independent visas. This is comparable to the 2022–23 program allocation of 32,100 places. The smaller planning level for this …
Continue reading “Skilled and Other Program Planning Levels from July 2023 to June 2024”
Read MoreThe Department of Home Affairs has recently made some positive changes for visa holders on 482 visas wishing to apply for PR under 186. The new regulations now allow: Anyone …
Continue reading “New Opportunities to Apply for PR Under Employer Nominated Sponsorship.”
Read MoreAustralia is renowned for being a land of opportunity, with a high quality of life and beautiful landscapes to explore. With net migration around 235,000 people, it is clear that …
Continue reading “8 Reasons Why You Should Migrate to Australia”
Read MoreInternational students who graduate from Australian universities have the opportunity to continue gaining work experience in the country. The Australian Graduate Visa provides a bridge between academic achievement and professional …
Continue reading “Understanding the Australian Graduate Visa”
Read More
AustraliaMigrate Suite 601,
10 Help Street, Chatswood
NSW 2067 Australia
