To become eligible for the Australian Investor Visa, the prerequisites are that you must be at least 18 years old, you must be able to meet the financial requirements for the visa, you must meet the character and health checks expected from a visa candidate, you must have a good English language proficiency, and you must be able to provide objective evidence about the investments undertaken, or the Australian business ownership, within Australia.
How much investment is required to be made to obtain an Investor Visa?
The investment required to obtain an Investor Visa depends on the type of visa being applied for. The common requirements are:
- Australian Investor Stream Visa. For this category, an investment of at least AUD 1.5 million is required to be made within the Australian state or territory government bond portfolio.
- Australian Significant Investor Stream Visa. For this category, an investment of at least AUD 5 million is required to be made. This category also includes investments in Australian government bonds, managed funds, blue chip stocks, and other investments made eligible by the government through the Australian government department.
- Australian Premium Investor Stream Visa. For this category, an investment of at least AUD 15 million is required to be made, along with ensuring that the premium investment compliances of Australia are complied with. These investments include growth equity fund investments and venture capital investments.
Australia Work Visas – Types of Australian Visas for Foreign Workers
Work Permit Visa has been further divided into various categories in Australia, depending upon the skills set of the worker nominated occupation, region, etc. Some of the common types of work permits are:
Employer Nomination Scheme (ENS) Visa. This type of visa allows prospective employer-nominated skilled workers to live and work in Australia permanently.
Regional Sponsored Migration Scheme (RSMS) Visa. This type of visa allows employer-nominated skilled workers in Australian regional areas to permanently live and work in Australia. It is also possible to apply for this visa if you previously held another valid work visa and worked for the same employer.
Skilled Independent Visa. Workers invited from New Zealand and New Zealand citizens coming to work in Australia can take advantage of this visa to live permanently, considering New Zealand is an eligible country.
Skilled Nominated Visa. This type of visa allows the nominated skilled workers to live and work in Australia as permanent residents.
Temporary Skill Shortage Visa. This temporary visa enables an employer to sponsor any non-Australian worker for the time being due to the absence of any skilled Australian worker.
Skilled Regional (Provisional) Visa. This temporary visa enables workers to live and work in regional Australia.
Temporary Work (Short Stay Specialist) Visa. This temporary visa enables the workers to do short-term and highly specialized work in Australia.
Temporary Work (International Relations) Visa. This temporary visa enables workers to work in Australia in certain circumstances, aiming to improve international relationships between the countries.
Distinguished Talent Visa. These are permanent visas, provided to individuals with an internationally recognized record of outstanding achievement in any sport, profession, academic, research, or arts.
Business Talent (Permanent) Visa. This visa is mainly used by an individual who aims to develop a new or grow an existing business in Australia.
Australia’s medical exam for getting the visa
If the visa you applied for in Australia requires you to meet Australian health standards, you can be subjected to a medical examination conducted by Australia. The elements of this examination can vary from medical tests, TB Screening tests, HIV tests, chest x-ray, hepatitis B and C tests, or syphilis tests, depending upon the type of visa.
There are many state-run organizations conducting these tests; however, in case you want to book the test from outside Australia, you can do so by booking a medical exam with one of the Department’s approved panel of physicians or clinics. An immigration officer is the right person to help you with the details.
How to apply for permanent residency in Australia?
An Italian Citizen who wishes to apply for permanent residency in Australia must follow certain rules and regulations set out by the Australian government. Irrespective of whether you are an ex-pat living in Italy or a citizen of Italy, you first need to qualify with an eligible occupation. Following this, you need to score the required points within the Australian Expression of Interest (EOI) System. This process is limited to applications for moving to Australia on Skilled Migration.
One of the first steps would be to obtain an Australian passport. Having an Australian passport can demonstrate your commitment to becoming an Australian citizen and help streamline the entire process for permanent residency. By demonstrating your commitment to the country and meeting the requirements, you may be able to establish a long-term future in Australia.
You can research and determine the best visa category for your situation, such as skilled work visas, migration, a family member, sponsorship, or investment. Then, you can submit your Australian visa application through the Department of Home Affairs website or by submitting different identity documents.
There are some steps involved in applying to become a permanent resident in Australia. These are:
- Identify the occupation currently in demand.
- Have a score of at least 65 points in the Australian Points List
- Obtain a Positive Skills Assessment
- Undertake an English Test
- Submit your Expression of Interest
- Receive an Invitation to Apply
- Submit Formal Application
- Complete Police checks
- Complete medical checks
- Receive your permanent residence visa
Permanent Resident Benefits
Once you receive permanent residency in Australia, you can remain in the country indefinitely; work and study in Australia; enroll in the country’s national health scheme; apply for bank loans to buy property; sponsor eligible relatives for permanent residence; apply for citizenship; work in New Zealand; and travel to and from Australia for as long as your travel facility permits.
Australia Work Visas Costs
Usually, an Australia work visa may be obtained at the cost of 440 AUD. However, there are certain exceptions to this since not all work visas can be obtained through this:
- Temporary Skill Shortage Visa. The costs vary from 1,265 AUD (925 USD) for the short-term stream or 2,645 AUD (1,925 USD) for the medium-term stream.
- Skilled Regional (Provisional) Visa. This is usually an extended stay pathway, costing 360 AUD (265 USD).
- Temporary Work Visa. Except for some circumstances, the general cost for this visa is 310 AUD (225 USD).
- Distinguished Talent Visa. The cost of obtaining this visa is 4,110 AUD (3,000 USD).
Conclusion
You can get an Australian work permit by applying for an Australian Work visa (please note applying doesn’t guarantee you an Australian work permit) and if you have the talent, skills and ability to improve Australia’s workforce and economy.
You must familiarize yourself with Employment & Labor Law In Australia if you intend to migrate to Australia for work and get an Australian work permit.
Frequently Asked Questions (FAQs)
Is Australia easy to get a work visa?
To become qualified for the Australian employment visas, it is important for the applicant to score a minimum of 65 points. Each time a condition is met, the reward is granted to the candidate in the form of points. The points-based migration policy of Australia is similar to Britain, Canada, and New Zealand.
How much money is required for a work permit in Australia?
The above mentioned working visas are priced at 440 AUD (2,485 USD) except for the following: Temporary Skill shortage (Temporal skill shortage Visas) – 1265 AUD (925 USD) for short-term stream or 260 USD. Skilled Regional (Provisionally issued) Visa (longer stay) 360 USD (265 USD); for Temporary work visas 310 AUD (225 USD); and for Distinguished Talent Visas 4,110 AUD (3,000 USD).
What visa allows you to work in Australia?
The most common type of visa is the temporary visa which allows skilled workers in Australia for a period of four years if supported by an approved employer. It must be a requirement that your work experience has relevance to your job in Australia.
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