Australian Immigration Daily News

Business Innovation visa applicants make a huge commitment on two fronts.

Not only are they looking at settling in a new country, but they will be also investing substantial amounts of monies in a new business/investment environment. 

Investments have to be made in SIV complying investments as defined by the Department of Home Affairs, Australia.

Investments have to be made for a minimum stipulated period of time, and a minimum amount (in AUD).

Hence, it is rather critical that the applicant chooses the Fund Manager/Service Provider appropriately. It is very challenging to change a Fund Manager midstream given the strict requirements for the grant of visas. 

Choosing a Fund Manager is not as straightforward as one may think. Proper due diligence needs to be conducted before committing to investments.

Questions to be addressed before Assigning a Fund Manager

• Is the Fund Manager independent or biased, directly or indirectly, to funds managed by themselves or parent Fund Manager?
• Would all the complying investments be held under one umbrella?
• Will the funds be managed based on the client profile or in Standardised Funds?
• Would the Fund manager be able to assist beyond investments in SIV complying funds?
• What are the fees charged on the investments?
• What is the return expectation on the investments?
• What happens after the stipulated compliant investment period?
• Is the Fund manager a Global Fund manager even though only investing in Australia for SIV complying investments?
• Would the Fund manager be able to provide end of year accounting reports for all the investments?
• Are they able to provide further investment opportunities for the client? 

If you would like to know more about how BW Capital can assist in managing SIV complying investments, kindly contact Sophia D’penha : + 61 (0) 405 225536