Elements that apply to all investments for SIV & PIV
- SIV and PIV will be distinct visa products with the Complying Investment Framework (CIF) articulated separately.
- Existing requirements for who may make the investment will remain the same as will the requirement that funds be unencumbered and lawfully acquired.
- Investors will also still be required to reinvest funds within 30 days of withdrawing them from a complying investment or cancelling the investment in order for the investment to continue to be complying.
- Direct investment into residential real estate is excluded and indirect exposure through investment vehivles is to be restricted to less than 10% of a vehicle's net assets.
- Exclude 'loan back' arrangement where the investment is used as collateral by applicants.
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