LOCATION: Located between Pacific and Indian Ocean.
LANGUAGE SPOKEN: English
CURRENCY: Australian Dollar
NEAREST AIRPORT: Melbourne, Sydney, Perth, Adelaide
MAJOR INDUSTRIES: Financial, Metal & Mining, Energy, Healthcare
Australia is an island continent and the world’s sixth largest country. It is a unique and diverse country in every way - in culture, population, climate, geography, and history. Australian culture is as broad and varied as the country’s landscape. Australia is multicultural and multiracial and this is reflected in the country’s food, lifestyle and cultural practices and experience.
AUSTRALIA RESIDENCY PROGRAMS
People can become a permanent resident of Australia in different ways. Three common ways of becoming a permanent resident are through:
Family-stream permanent visa
Work-stream permanent visa
Business or Investor-stream permanent visa
These are for:
Partners, children, parents or dependent relatives of an Australian citizen, permanent resident of Australia or eligible New Zealand citizen.
Children being adopted or in the process of being adopted outside of Australia.
Carers who need to move to Australia to provide long-term care for an approved relative.
FAMILY-STREAM PERMANENT RESIDENCE VISAS
WORK-STREAM PERMANENT RESIDENCE VISAS
These are for workers who have an Australian employer sponsoring them to work in Australia, or have skills that Australia values.
BUSINESS OR INVESTMENT- STREAM PERMANENT RESIDENCE VISAS
There are six main streams under this:
Business Innovation Stream — The business innovation stream visa requires the visa holder to have owned a business and are intending to establish or operate a business in Australia. Individuals must pass a points test and have a successful business career with a business turnover of at least AUD 500,000 and net assets of AUD 800,000.
Investor Stream — The Investor stream visa is for those individuals that have owned a business or managed investments. Individuals must pass a points test, have three years’ business or 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.
Significant Investor Stream — Individuals must commit at least AUD 5 million into a complying Australian investment for at least four years.
Entrepreneur Stream — Individuals must have signed a formal agreement to receive AUD 200,000 in venture capital funding from an Australian company.
The above temporary visas offer a direct pathway to permanent residence after four years.
The below two streams offer direct permanent residence:
Business Talent (Significant Business History Stream) — For successful businesspeople who own or part-own a business with a turnover of at least AUD 3 million per year. They must also make a substantial investment into a new or established business in Australia and take an active role in managing the business.
Business Talent (Venture Capital Entrepreneur Stream) — Individuals must have sourced AUD 1 million in venture capital funding to fund the start-up or product commercialization of a high value business idea payable by employers.
Processing Time: 9-12 months
Advantages of Permanent Resident Visa:
Allows the applicant of the visa to gain access to Australia’s health and education services.
Remain in Australia indefinitely.
Apply for Australian citizenship.
Any adult who became a permanent resident on or after 1 July 2007 must have been lawfully residing in Australia for four years immediately before applying for Australian citizenship. This includes:
12 months as a permanent resident
Absences from Australia of no more than 12 months
Absences from Australia of no more than three months in the 12 months before applying.
Eligibility Criteria for Citizenship:
Have passed a citizenship test (unless over the age of 60)
Be a permanent resident at the time of application, and also, at time of decision
Satisfy the residence requirement
Be likely to reside, or to continue to reside, in Australia or to maintain a close and continuing association with Australia
Be of good character.