Australia is strategically positioned as a trade and investment base for international companies doing business with Asia and has enjoyed strong economic growth over the last 25 years. The citizenship can be obtained by achieving Permanent Residency status on specific visa classes by investment and has recently seen a huge influx of wealthy investors applying for migration.
Australia’s Business Innovation and Investment program has four streams, each with different requirements; Business Innovation, Investor, Significant Investor and Premium Investor streams. Applicants must fulfill requirements for health, character and public interest.
The Business Innovation and Investment Program includes the following:
Individuals must pass a points test, have a successful business career with a business turnover of at least AUD 500,000, and net assets of AUD 800,000. They must also obtain and maintain substantial ownership and management of an Australian business.
Individuals must pass a points test, have three years’ investment experience, commit AUD 1.5 million into an Australian state or territory bond for four years, and have net assets of AUD 2.25 million.
Individuals must commit at least AUD 5 million into a complying Australian investment for at least four years.
Individuals must have signed a formal agreement to receive AUD 200,000 in venture capital funding from an Australian company for the commercialization and/or development of a high-value business idea or product.
Investors can obtain citizenship after 4 years, which gets visa-free travel to more than 170 countries. The economy is the world’s 13th largest and Australia has a business-friendly regulatory environment and a sophisticated financial services sector which makes the migration more attractive.
Our global citizenship lawyers at City Legal have immense experience in assisting investors in obtaining second citizenship & permanent residency in Australia. Our migration agents and immigration lawyers work closely with the applicants from beginning to end, and can advise on the appropriate documentation, paperwork and approach needed for the successful process. We are a multi award winning law firm and pride ourselves in being approachable, innovative and always going that extra mile to make sure our clients receive the individual attention they deserve. Our Immigration team maintains a high reputation and is committed to provide clear, transparent and reliable advice to our clients.