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
UPCOMING IMMIGRATION CHANGES IN 2021 2020 has been an extremely unique year for everyone across the globe due to the impact of Covid-19, including lockdowns, migration changes, travel bans and …
Continue reading “Outlook for Immigration in 2021”
Read MoreMany students from all over the world come to Australia on a student visa to start their first step towards the Australian dream. As a leading migration agent in Sydney, …
Continue reading “Students in Regional Australia Can Extend Their Post-Study Visas in 2021”
Read MoreMAJOR PARTNER VISA CHANGES; FAMILY, EMPLOYER & BUSINESS VISAS ARE BEING PRIORITISED Many people who are looking to migrate to Australia or lodge a visa application were very eager to …
Continue reading “Immigration Changes Announced in the Federal Budget”
Read MoreThe Department has announced on their COVID-19 mini website that they are trialling an Electronic Travel Authority (ETA) mobile app (AustralianETA) for some ETA-eligible passport holders while the travel restrictions are …
Continue reading “ETA Mobile APP”
Read More