Australia does not have a specific citizenship by investment program. Acquiring Australian citizenship is primarily based on meeting eligibility criteria related to residency, descent, or other particular circumstances, rather than through a direct investment pathway.
However, Australia does have a number of visa alternatives that permit investors and may result in permanent residency, which may ultimately result in Australian citizenship. These visa alternatives for investment include:
There are various streams available under this type of visa, including Business Innovation, Investor, and Significant Investor streams. These visas demand that applicants make a significant financial investment in an Australian company, make a specific investment, or take on entrepreneurial endeavors.
Applicants must commit a sizeable sum of money to compliant investments in Australia for this visa. It initially offers a route to permanent residency, and after completing the necessary length of stay, people may be qualified to apply for Australian citizenship.
Here is a general overview of the required documentation and the application procedure:
Australia allows dual citizenship, which means that you can become an Australian citizen without being required to renounce your existing citizenship(s) from other countries.
No, Australia does not have a direct pathway to citizenship based solely on investment. However, certain investment-based visa options can lead to permanent residency, which, in turn, can lead to eligibility for Australian citizenship.
Australia offers various investment-based visa options, such as the Business Innovation and Investment Visa and the Significant Investor Visa. These visas require individuals to meet specific investment and business criteria.
The Business Innovation and Investment Visa is divided into several streams, including the Business Innovation stream, Investor stream, and Significant Investor stream. Each stream has different investment and business requirements.
The Significant Investor Visa (SIV) is designed to attract high net worth individuals to make significant investments in Australia. Initially, it provides a pathway to permanent residency. After holding the SIV for a specific period and satisfying residency requirements, individuals may be eligible to apply for Australian citizenship.
The general requirements for Australian citizenship include meeting residency requirements, demonstrating good character, passing a citizenship test (if applicable), and satisfying English language proficiency (unless exempt).