Skip to content
GLOBAL CITIZENSHIP & RESIDENCY

Australia

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.
Investment program requirements

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:

The Business Innovation Stream

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.

The Investor Stream

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.

The Significant Investor Stream

Individuals must commit at least AUD 5 million into a complying Australian investment for at least four years.

The Entrepreneur Stream

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.
How can we assist?
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.
Frequently Asked Questions

The maximum duration of Tier 2 General visa is upto six years unless an exemption applies. Individuals may apply for Indefinite Leave to Remain after spending 5 years under this category, if they meet all other requirements.

Any individuals granted with Tier 2 general visa cannot have recourse to public funds and can only work for their sponsor in the job as described on the CoS. Voluntary and supplementary employment are permitted. Individuals with this leave can also study as long as it does not interfere with their main job. Individuals granted with a Tier 2 leave can undertake supplementary employment of no more than 20 hours per week in the same profession and level as their main job or on a profession under the shortage occupation list. This must be outside of their normal working hours.
Tier 2 Cooling off period refers to the 12 months period applicants have to wait before they can apply for a Tier 2 visa again to re-enter the UK. This triggers when an individual was previously sponsored under Tier 2 by any employer in the UK, and they have left the UK and their visa lapsed or expired. There is an automatic refusal failing to adhere to the cooling off period.
The minimum salary requirement is set out by the relevant SOC codes. The common SOC code used is 2444 Clergy and the minimum salary requirements or this SOC code is of national minimum wage requirements.
The new PBS skilled worker visa will not apply to any EU nationals living in the UK by 31 December 2020. EU nationals and their families are eligible to apply under EUSS scheme up until 30 June 2021 and employers may continue to accept Passports and National ID cards as evidence of right to work up until 30 June 2021. All EU nationals who enter the UK to work from January 2021 will need to apply for permission in advance.