No upper age limit;
No innovation points test;
No English language requirement; and
Reduced residency requirement.
Be nominated by a State or Territory government or Austrade;
Have continuously held complying investments for the life of the provisional visa; and
Must have resided in Australia for at least 160 days over the 4 year provisional visa period.
SUMO SIV is a specialist SIV fund manager providing unique and custom-made SIV investment solutions to SIV investors.
Our SIV investment solutions are provided through two Managed Funds that we operate in Australia.
We currently manage many millions of investment moneys for a significant number of SIV investors. These SIV investors are high and ultra-high net worth individuals and families from China and the USA.
Some of the reasons why our SIV clients chose us over many of the other Funds:
The SUMO SIV Managed Fund is an Australian Securities and Investments Commission (ASIC) regulated managed fund. It was registered as a managed investment scheme by ASIC on 23 July 2013. The Fund’s registration number is ARSN 164 733 260.
The SUMO SIV Managed Fund is a complying investment under the pre-1 July 2015 Significant Investor Visa (subclass 188/888 visa) (“SIV”) complying investment framework.
For more details on the SUMO SIV Managed Fund and pre-1 July 2015 SIV applicants’ complying investments click here.
Our second managed fund is “SUMO SIV Managed Fund No. 2”. It will be a complying investment fund under the new post 1 July 2015 SIV investment rules.
For more details on our new Fund and the new SIV complying investments, click here.
The investment manager of the SUMO SIV Funds is SUMO SIV Pty Ltd which is part of the SUMO Group of Companies.
The SUMO Group has for many years carried on business in the areas of wealth management, self-managed super fund services, financial planning and accounting, law, and real estate development and sales in Australia.
In November 2012, the Australian Government introduced a new visa stream within the Business Innovation and Investment (Provisional) visa (subclass 188) and the Business Innovation and Investment (Permanent) visa (subclass 888) known as the “Significant Investor Visa” or “SIV”.
The SIV program offers applicants greater flexibility than previous visas in terms of investment structures and eligibility requirements including the following: