Australia to Ease Immigration Rules for Chinese Millionaires

Australia has boosted its visa scheme aimed at attracting investment from the rich Chinese investors. Last week the government announced a series of changes to its existing Significant Investor Visa program – these included speeding up of the approval procedures and expanding investment avenues. Australia’s existing two-year old Significant Investor Visa program offers residency to…

Australia’s Significant Investor Visa Scheme—Limited Data on Ultimate Destination of the Funds

In a submission to a Parliamentary Committee, Australia’s Immigration Department provided details of the amount of funds received under the Significant Investor Visa Scheme. 90% of the investors under this Scheme are Chinese citizens and close to $150 million has been received through this route. Such investors, who are prohibited from investing directly in real…