I am a Vietnamese businessman who has done well in recent years. I am interested in participating in the SIV program and have the 5 million Australian dollars. However, I was wondering if I could invest AU$2.5 million now and the rest a year later. How can I make installments for my investment? And when it comes to investment requirements, what should I do with my application to best increase my chances to be approved for this program?
Answers
According to the legislation for the SIV visa, the complying investment of AUD 5 million must be made when requested by the Department of Immigration prior to visa grant. It cannot be made in installments, but is made in relation to different investments. It must include AUD 500,000 into venture capital funds, at least AUD 1.5 million invested into emerging companies, and the remaining AUD 3 million into balancing investments.
Yes, you may invest in installments, but you only become eligible after you invest $5m in eligible complying investments. (in SIV stream only). Careful examination of the funds is your responsibility. Of course, you may hire & appoint fund managers or other persons to advise whether your funds are complying investments at all times of your investments. To secure best chances, work closely with your lawyer or agent. Make sure they are registered to do migration work. You may even ask for your lawyer or agent to be dispatched to your country to assist with all documents and circumstances so that strong submissions can be made on your behalf when it is required.
Sorry this is not possible, you need to invest the entire amount.
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