The New South Wales Government has been attracting overseas investment under the Significant Investor Visa (SIV). The government of NSW requires visa applicants to invest at least 30% of it in NSW Waratah Bonds. Which they can then use to support key infrastructure projects across the state.
The new visa requires investors to make complying investments of at least AU$ 5 million for a minimum of four years before they become eligible to apply for a permanent visa. The government of NSW requires visa applicants to invest at least 30% of it in NSW Waratah Bonds, which they can then use to support key infrastructure projects across the state.
NSW Deputy Premier and Minister for Trade & Investment, Andrew Stoner. Recently visited Japan and China to promote the benefits of investing in NSW. He confirmed that 15 successful NSW nominated investors have apparently each made at least AU$1.5 million investment in NSW Waratah Bonds, and a further 26 NSW nominations have preliminary approval to proceed to invest.
In total, said Mr Stoner, NSW has nominated 239 potential migrants for the Significant Investor Visa.
Many countries are keen to attract high net worth individuals, because of their potential spending and investment capabilities and the boost these can give to local economies. However, because of their vast wealth, the financial arrangements of these individuals can be very complex. It is important that they have up-to-date estate plans in place to protect their wealth and ensure. It is passed on to the next generation in the most tax-efficient way.
We specialise in property, commercial, and Wills & probate law in Sydney, Australia. If you are looking to purchase residential or commercial property, enter into a commercial lease. If have any other Australian legal queries, then contact Szabo & Associates Solicitors today. Call us on (02) 9281-5088 or fill in our online contact form.
