Australia has emerged as a prominent overseas destination for Indians for migration. Australia ranks high on the list of one of the wealthiest nations globally. It has remained a sought-after choice for Indian immigrants aspiring for permanent residency and citizenship. In the fiscal year 2022-23, a significant number of individuals, totalling 192,947 from diverse nationalities, acquired Australian citizenship. Notably, within the top 10 countries of nationality, 40,361 Indians successfully obtained Australian citizenship during the period spanning from July 2022 to June 2023.

Australia’s immigration framework operates on a merit-based system, offering pathways to permanent residency through either Citizenship by Investment or Residence by Investment schemes. Prospective visa applicants are required to fulfil specific criteria stipulated for the relevant visa subclass. They must either prove strong ties to Australia or live Down Under for at least 2-5 years. Rudraksh Immigration Group from Mohali elaborates the best route to attain Australian PR.

There are three broad categories using which one could get an Australian PR:

1. Investment Program
2. Work-Stream Visa
3. Skilled Independent Visa

Investment Program for Australia

As the name suggests, applicants looking to acquire Australian PR by making meaningful investments can take this route. This fastens the process of direct PR to three years if all criteria are met. There are 4 sub-categories under this program with varied features:

• The Business Innovation Stream – To qualify, individuals need to meet several criteria: they must successfully pass a points test, demonstrate a thriving business career with a business turnover of at least AUD 750,000, and possess net assets totalling AUD 1.25 million. Additionally, they must secure and sustain substantial ownership and management of an Australian business, along with residing in the country for a minimum of one year.
• The Investor Stream – To qualify, individuals are required to pass a points test, invest AUD 2.5 million in a complying Australian-managed investment fund for the entirety of the provisional visa’s validity period, and reside in the country for a minimum of two years.
• The Significant Investor Stream – To be eligible, individuals are obligated to invest a minimum of AUD 5 million in a complying Australian-managed investment fund throughout the validity period of the provisional visa and must reside in the country for an average of 40 days annually as the primary visa holder.
• The Entrepreneur Stream – Individuals are required to obtain endorsement from a state or territory government and live in the country for a minimum of two years.

Work-Stream Visa for Australia

These visas are for individuals sponsored by an Australian employer to work in the country or those possessing skills needed in Australia. Workers can independently apply for Work-stream permanent residence visas.

Skilled Independent Visa for Australia

This visa is designed for invited workers under the age of 45 with the necessary skills to permanently reside and work anywhere in Australia. A sponsor or nominator is not required for this visa. However, applicants must have an occupation listed on the relevant skilled occupation list to be eligible for this visa.

The need for a professional overseas migration consultancy can’t be stressed enough. They take the burden and unnecessary stress off your shoulders and let you focus on your preparation to travel abroad. Moreover, they also guide you regarding the documentation and visa interview process. If you wish to discuss your case with them, get in touch with the expert staff of Rudraksh Group today!