Economic Residency in Australia (also known as Business Innovation and Investment Program or Residency by Investment) offers pathways to permanent residency for qualified investors and entrepreneurs who make substantial economic contributions to Australia through business ventures or investments.
MOBILITY ASSSET SNAPSHOT
Economic residency in Australia provides multiple streams for business owners, investors, and entrepreneurs to obtain temporary residency with a pathway to permanent residency. This program is designed to attract foreign direct investment, foster innovation, and stimulate economic growth in Australia.
Overview
A multi-stream pathway to permanent residency for qualified investors and entrepreneurs in Australia
Eligibility Requirements
Invest in complying investments or establish/develop a business
Anchor Ancestor restrictions
Months to citizenship
Length of Visa
4-year provisional visa, leading to permanent residency
Months to Visa
9-12 months
Physical Presence Requirement
40 days per year (or 180 days for spouse)
Availability
Moderate
Family Allowance
Spouse and children
Overview
Submit an Expression of Interest through SkillSelect, obtain state nomination, and apply for the visa
Overview
Our experienced team will guide you through each stage of the application process, offering personalized assistance tailored to your needs.
We'll help you gather and organize the documents you need for applying.
Once your documents are ready, we'll let you know where and how to submit your application to the relevant authorities.
Questions?
Find answers to common questions about GlobalPassport™ and our services.
How long does it take to process an Economic Residency application?
The processing time is typically 9-12 months, depending on the chosen stream and individual circumstances.
Can I include my family members in my Economic Residency application?
Yes, your spouse and dependent children can be included in your visa application.
What are the investment options under the Economic Residency Program?
Options include investing in complying investments, establishing or developing a business, or making designated investments in Australian state or territory bonds.
Do I need to live in Australia full-time to maintain my Economic Residency?
No, but you must reside in Australia for a minimum of 40 days per year (or your spouse for 180 days) to maintain your residency status.
Can Economic Residents apply for Australian citizenship?
Yes, Economic Residents can apply for Australian citizenship after meeting the general residency requirements, typically after living in Australia for four years as a permanent resident.
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IMMIGRATION PROGRAMS
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