There are various ways to obtain Australian citizenship as investors have the opportunity to invest a minimum amount of AUD 2.5 million to start a business in Australia. Moreover, those who hold an investor or business visa have the right to reside in Australia for 5 years and it includes the possibility of gaining Australia citizenship by investment in future.
How to get Australia Citizenship by Investment
In Australia the available routes for Citizenship by Investment programs include, Business Innovation stream, Investor stream, Significant Investor stream, Premium investor stream, and Entrepreneur stream.
In case, an investor stream visa is opted, the immigration document is necessary as a part of Australia citizenship by investment program.
- To start the process of Australia residency by Investment, It is necessary that the applicant pays an initial fees of AUD 2,450.
- The investor visa in Australia can be obtained under the prescription of Subclass 891, However, to obtain that, the investor must be a holder of Investor (Provisional) visa.
- It should be noted that as a part of Australia Citizenship by Investment Program, for Subclass 891 It is necessary that the applicant should be living in Australia for at least 2-4 years.
- It is necessary that the applicant proves that he/she has invested 1.5 million AUD in Australia during the time in which he lived in Australia.
However, the applicant needs to have a sponsorship from a state or territorial government agency of this nation in order to be eligible to apply for this visa program. Except for a select few company ventures like warehousing or property development, practically all business activities are eligible, hence eligibility is not restricted to any particular industry.
Australian Government’s Department of Home Affairs, you can study the requirements for eligibility for this kind of investor visa in Australia.
In 2024, applicants must pay a processing fee of AUD 2,810 and provide evidence that they have invested a minimum of AUD 1.5 million in the Australian economy during the previous four years.
Investor Stream Program
The duration of the Investor Stream Visa Program is three years. It makes it easier for foreign investors to live permanently in the nation. A minimum investment of AUD 2.5 million, a pledge to sustain the investment for a minimum of three years or until permanent residence is obtained, and a five-year resident permit are the prerequisites for the Investor Stream Visa Program.
How to get Residency in Australia?
An applicant must have been lawfully present in Australia for four years, including twelve months as a permanent resident, in order to be eligible for Australian citizenship. This residence criterion makes sure that candidates are genuinely committed to living in Australia and making a positive contribution. Therefore, it is possible to purchase real estate in Australia from outside, but keep in mind that you must first have resided there.
Applicants can move forward with acquiring permanent residency and, eventually, Australian citizenship once the investment visa and residency requirements have been satisfied. During that visa time, the applicant must meet the residence, investment, and capital turnover requirements for their subclass 188 visa in order to be granted permanent residency in Australia through investment.
Conclusion
In conclusion, acquiring Australian citizenship by investment has several advantages, such as the ability to travel without a visa, a tax system that is advantageous, a good level of life, and access to business opportunities.
For investors and their families, obtaining Australian citizenship through investing can lead to a multitude of options given the appropriate strategy and dedication.
