What are the reinvestment requirements if I want to change between complying investments?

As the holder of a Significant Investor visa (SIV) or Premium Investor visa (PIV), you may switch between complying investments as long as the sum withdrawn corresponds with the sum reinvested. Visa holders have a maximum period of 30 calendar days from the date the funds are withdrawn to reinvest in other complying investments. Funds reinvested into a complying investment within 30 calendar days are taken to have been held continuously from the original investment date.

If you applied for your SIV after 1 July 2015 it is a requirement that any switched complying investments still meet the required proportions. Proceeds from the realisation of investments in eligible venture capital growth private equity funds before the end of the provisional visa qualifying period are to be reinvested in complying funds (that is, any of the eligible elements, including VCPE, funds in emerging companies and funds in the balancing item).

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