Australia, also known as the Commonwealth of Australia, is the largest country in Oceania and the sixth-largest country worldwide by total area. The Commonwealth of Australia is not just a name but a country blessed with wealth. It’s a well-developed country with fewer populations globally, so gaining citizenship in Australia is a roadmap to tapping into its wealth.
I’ve encountered many investors looking for a country to get citizenship from through investment. Depending on the kind of investment they want to make, I drive to get Australian citizenship through investment.
Australia’s Top Resource for Investors
Australia has a variety of good resources an immigrant can invest in, and one of the major investment portfolios in Australia is cash investment. Everyone knows that cash investment is one of the low-return investment resources, but in Australia, fixed deposits through banks offer slightly higher returns compared to other countries, and it’s, of course, a low-risk investment option.
Many other investment options in Australia include shares (we have Australia looking for shareholders; most of these companies make huge profits, which results in great returns on investment for their shareholders), fixed interest or income investments, managed funds, exchange-traded funds, investment bonds, listed investment companies, real estate investment, Gold, Annuities, and lot big companies is more.
Benefits of Australian Citizenship
There are a lot of benefits to becoming a citizen of Australia. However, every benefit that a normal citizen of Australia by birth benefits you benefit also. These benefits include;
- Voting: every citizen of Australia above 18 is entitled to vote for their leader.
- You can run for an election as a citizen of Australia
- You can also get preference for jobs in the Federal government
- You can apply for an Australian passport
- You can receive help from an Australian official while overseas
- If you’re a born child overseas, you can receive them as an Australian citizen by descent
- As a citizen, you’re eligible for deferral university cost
- You can always represent Australia in another country as a citizen, in any event.
- You gain simplified residency rights, visas, and lots more
Apply for Australian Citizenship by Investment
There are different streams to gain Australian citizenship by investment. However, just because the gate is open to acquiring citizenship by investment doesn’t mean you spend a significant amount of money in their economy and gain citizenship. At least, you’re expected to have lived in Australia for about 2 to 5 years.
There are three streams through which an individual can gain Australian citizenship by investment this includes;
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Investor visa
If you’re an investor looking for permanent residency in Australia, I advise you to apply for an investor visa. However, to obtain this visa, you must be willing to invest at least $1.5 million in Australia, and you’re expected to have held the business skill provisional visa for at least two years out of four years of stay in Australia.
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State/Territory Sponsored Investor visa
This is another visa type in Australia and a smooth pathway to gaining citizenship in Australia. However, to obtain sponsorship from the state or territory, you or your partner must have made an investment of $750,000 in Australia then you can apply.
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Business Innovation and Investment Visa
This is another type of Australian investor visa for top-class individuals without provisional business visas. However, this doesn’t grant you citizenship, but you can reside temporarily for four years and three months. So, you should get an investment provisional visa along with it and gain permanent residency in Australia.
We also have the premium investor stream, which ensures an individual invests a minimum of $15 million in premium Australian investments. Austrade then nominates these high-value individuals on behalf of the government. This is a clear path to gaining Australian citizenship by investment.
Generally, gaining citizenship in Australia isn’t an instant application. You must’ve resided or gained permanent residency through any of the above visa processes and reside for about four years before you can then apply to become an Australian citizen.
If you’ve any questions about gaining Australian citizenship by investment, please let me know via the comment section. Also, suppose you’re a newcomer, and you don’t meet the requirements on how to become an Australian citizen by investment. In that case, you can read through our previous article on how to get permanent residency in Australia.