The Significant Investor Visa (SIV) is designed to attract overseas investment and provide a streamlined pathway to permanent residence in Australia for business people from around the world. The Australian Government has announced that it will introduce the Significant Investor Visa (SIV) effective from 24 November 2012.

A 4 year provisional subclass 188 visa can be issued to a foreigner who invests AUD$5 million into ‘approved’ investment funds (including ASIC approved funds, state government bonds and proprietary operating companies).