Thursday, March 28, 2024

Australia Visa for Business and Investment activity

Australia offers Business Innovation and Investment Programme includes the four following visa streams:

  • The Business Innovation stream, for people with business skills who want to establish, develop and manage a new or existing business in Australia. Applicants must be nominated by a state or territory government.
  • The Investor stream, for people who want to make a designated investment of at least AUD 1.5 million in an Australian state or territory and maintain business and investment activity in Australia. Applicants must be nominated by a state or territory government.
  • The Significant Investor stream, for people who are willing to invest at least AUD 5 million into complying significant investments in Australia and want to maintain business and investment activity in Australia. Applicants must be nominated by a state or territory government or Austrade on behalf of the Australian government.
  • The Premium Investor stream, for people who are willing to invest at least AUD 15 million into complying premium investments in Australia and want to maintain business and investment activity in Australia. Applicants must be nominated by Austrade on behalf of the Australian government. You must submit an Expression of Interest and be nominated by a state or territory government or Austrade on behalf of the Australian government before being invited to apply for this visa.

Permanent residents are required to spend at least two years in five in Australia, or demonstrate significant ties to Australia, in order to maintain their residence status.

After four years of lawful residence in Australia, with at least the past 12 months as an Australian permanent resident, it is possible to apply for Australian citizenship. There is a Citizenship Appointment and Test that must be attended and passed, as well as a Pledge that must be made, before Citizenship will be granted.

It is compulsory for adult Australian citizens to vote in Federal, State and Local Government elections, and failure to do so may result in financial penalties. It is also a requirement for Australian citizens to exit and enter Australia using their Australian passport.

Australia allows dual citizenship.

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment Journal. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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