Prime Value Asset Management has secured the Significant Investor Visa (SIV) program approval in Australia.
The company’s Prime Value Growth Fund has been qualified as a complying SIV investment.
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Introduced in November 2012, the SIV intends to attract foreign investment for permanent residency in Australia.
The SIV approval will be given for the global high net worth investors who spend about $5m with qualifying products.
Prime Value director and company founder Yak Yong Quek was quoted by Financial Standard as saying that he believed investors looking to take advantage of the SIV would be attracted to the company’s origins as a family office and its experience in dealing with ultra-high net worth investors.
"Many international investors, particularly in Asia, favour the boutique model because it allows for more personal service, alignment of interest and the opportunity of a long-term investing partnership," Quek said.
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By GlobalDataQuek added that his investment team could collectively speak 10 languages, a draw for any overseas investor looking to understand the investment landscape.
"We think our strong cultural connections with Asia give us an advantage in the SIV investor market," Quek said.
