Prominent Perth business identity John Garland has officially launched a new investment fund aimed at international entrepreneurs and business people keen to move to Australia.
The fund offers a tailored investment product for WA migrants through the federal government’s Significant Investor Visa Program, under which high-net worth individuals can obtain residency by investing $5 million or more in complying funds over a minimum of four years.
“This is a massive opportunity for WA,” Mr Garland said. “Other states have been aggressively chasing SIV applicants, however I believe Western Australia’s more pragmatic approach will now pay dividends as we have been able to gain a better understanding of what these investors are seeking.
“As a consequence, we have been able to structure an investment product that suits their needs.”
Mr Garland said he expected the fund to attract around 70 applicants over the next 12 months .
“While it seems like a small number of people, the potential to make a very significant contribution to our state cannot be underestimated,” he said.