Australia
Australia is regarded as one of the richest countries in the world because of its irrefutable reputation. Not only does it sit at the top of the list where Human Development Index ranking is involved but also known widely for the quality of life, economic and political environment, security and protection of civil liberties it offers to its citizens.
Acquisition of Australian Citizenship
When a child is born into an Australian family that resides in Australia, he is automatically permitted the citizenship of Australia. Similarly, if the child is born into an Australian family that resides in a country other than Australia, he is given the Australian citizenship automatically.
However, for an applicant struggling to get Australian citizenship, they must be a four-year lawful resident of Australia with last 12 months spent as a permanent Australian resident, to say the least. The individual’s situation is determined on the basis of tests that are compulsory for the client to attend and pass in order to make the pledge before getting Australian citizenship.
After becoming an Australian citizen, the adult must participate in local, federal and state government elections or else pay for financial penalties. Australian citizens are also legally bound to use Australian passport while flying in and out of Australia. It is possible to get dual citizenship in Australia.
Residence-by-Investment in Australia
In Australia, the visa subclass is prescribed a criterion that must be met by the visa applicants. It involves two main criteria namely, ‘at time of lodgment’ and ‘at time of decision’. The criteria can also include both criteria for certain applicants. The candidate must meet the criteria and submit application accordingly or else, it could be rejected by the state. For each visa subclass, the candidate must satisfy the requirement of character, public interest and health criteria correctly.
To sustain residency in Australia, the permanent Australian residents must showa proof claiming two to five years of residency in Australia or in other case prove their ties to Australia.
Australia follows strict measures to process visa applications under concrete policies, laws, legislative instruments, rules and regulations. The Australian Immigration Department processes visa applications based on priority. For instance, family visas (less benefit) are most likely to be processed last while skilled visas (greatest benefit) are most likely to be processed the earliest.
The Business Innovation and Investment Program
Business Innovation and Investment Program offers four unique visa streams.
The Business Innovation and Investment Program includes following streams:
The aforementioned visa streams will most likely get you a permanent Australian residence issued under the period of 3 years. The validity of the initial visa is five years. These pathways require investment as well as business turnover.
The Global Talent Independent Program
Another pathway to Permanent Australian residency is through the Global Talent Independent Program. It mainly targets business people, professionals, skilled executives and entrepreneurs.This program is put together to elevate the state’s economy by creating innovative opportunities for interested Australians through employment opportunities, transferring innovation and building skills. The following 10 sectors are currently the focal point of Australian government for seeking global talent.
Any individual applying for the Global Talent Independent visa must have an international recognition pertaining to his field. The individual must be able to prove his worth and career achievements using concrete evidence to convince the government of Australia that they could be an excellent addition to the country.For PhD and Masters student, the country reserves special places which they can claim to showcase their expertise before targeted sectors of the country and international recognition.
Australian residence-by-investment Key Benefits
Time frame of the Australia Business Innovation and Investment Program Procedures
Australia follows strict measures to process visa applications under concrete policies, laws, legislative instruments, rules and regulations. The Department of Home Affairs can legally terminate your visas and conduct monitoring exercises, cause the migration agent industry regulation and even permit the authorities to conduct a review of your visa application decisions.
Applicants residing in Australia can get their visa applications assessed at the Australian Immigration office while applicants residing outside of Australia can get their visa application assessed at Australian embassy by an immigration attaché. For permanent and temporary visa applications assessment, The Department of Home Affairs is introducing online lodgmentvia electronic.
Normally, Australian government processes a visa in 12 months but the duration can vary, given the nature of the submitted visa application.
The processing of visa applications is conducted on the basis of priority tier in The Department of Home Affairs. Meaning that visa applications with greatest economic benefit (eg, skilled visas) undergo assessment faster unlike visa applications with less economic benefit to the country (eg, family visas), that are assessed last. The time-frames of the visa applications are regulated constantly. The services offered by The Department of Home Affairs can be viewed online.
At the online portal, Australian employers can easily view the status of individuals who hold visa. Australia has adopted electronic processing of visa instead of physical processing which is why visa labels are not physically placed in the passport any more rather electronically attached to them.