Wealthy residents of Hong Kong looking to escape the political turmoil in the territory are eyeing Australia's Significant Investor Visa (SIV) programme as a safety net, Reuters has reported. The SIV programme offers full residency to foreign investors who put at least A$5m ($3.4m) into Australian start-up businesses. The treasury department of one Australian state, New South Wales, this week circulated a letter to migration agents noting a "significant increase in applications" from Hong Kong, although the actual numbers remain modest. Bill Fuggle, Sydney-based partner at law firm Ba...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes