Hong Kong protests pushing HNWIs towards Australian investor visas

Pedro Gonçalves
clock • 1 min read

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...

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