Australia Stops “Golden” Investor Visa

On January 22, 2024, Australia’s Minister for Home Affairs announced the end of the “golden visa” which was intended to attract foreign businesses and wealthy foreign nationals.

The Significant Investor Visa (SIV) will be replaced with more skilled worker visas.

SIV applicants had to invest more than A$5m (£2.6m;$3.3m) in Australia to be eligible. However, the program has received criticism for missing its goals and overall mis-use.

Erickson Insights

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