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Money Moves: Top three emigration destinations for wealthy South Africans
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3 Key Emigration Destinations For South Africans
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Coalition green-lights money laundering visas
at 11:00 am on December 18, 2020 | 24 comments
The Morrison Government has tightened some business and investment visas, but curiously left the ‘golden ticket’ Significant Investor Visa (SIV) commonly used for money laundering untouched:
Business migrants will face tougher requirements under changes to investment visas that have so far drawn in at least $12 billion from mostly Chinese nationals.
The existing nine different business and investment visas will be cut back to four with various thresholds of required investment adjusted…
The Business Innovation visa, which allows migrants to operate a new or existing business in Australia, will remain but applicants will now be required to hold business assets of $1.25 million, up from $800,000.