General World News

Australia Sees Rush of Hong Kong Millionaires

Australia is seeing an increase in interest in its millionaires-only visa program from wealthy Hong Kong residents who are eyeing a safety net amid political turmoil in the Chinese-ruled territory, migration lawyers told Reuters.

The New South Wales state migration department “has noticed a significant increase in applications” from Hong Kong in recent months, it said in a letter to agents this week, and seen by Reuters.

The interest has coincided with the “beginning of the current unrest in Hong Kong,” the department said, referring to a A$5 million ($3.4 million) Significant Investor Visa (SIV) program that provides direct residency to applicants.

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Source:: VOANews.Com