Australian Golden Visa Scheme

Eligibility Criteria 

The following are the required eligibility criteria to apply for a Golden Visa in Australia: 

1. The applicant must have invested at least 5 million AUD in the country 

1. The applicant or any of their family member must not be involved in any business or investment activities that are not acceptable in Australia 

1. The applicants must have knowledge of at least functional English 

1. The applicants and their family members must pass the health requirements proposed under the program 

1. The applicant and their family members must sign the Australian Values Statement that confirms that you will obey the Australian laws 

1. The applicant or their family members must have no debt to be rapid to the Australian government 

1. The applicant must have no history of a visa cancellation or declination 

1. The said investment must be maintained for at least five years for being eligible for permanent residency 

1. For permanent residency, the applicant must stay in Australia for at least 40 days a year over the five years while they hold temporary visa. The applicant’s spouse must stay in Australia for at least 180 days a year over the same period

How to Apply for Golden Visa in Australia 

The following are detailed guidelines to apply for an Australian Golden Visa: 

1. Firstly, the applicant must have investments that align with the requirements of the golden visa 

1. Next, submit an Expression of Interest (EOI) indicating interest in investment and living in Australia 

1. Following the submission of EOI, the applicants must get nominated by an Australian State or territory government to be eligible to apply for a visa 

1. After being nominated, the applicants can fill out an application form with all the relevant documents and submit the same 

1. Once the application is approved, the visa will be issued for five years 

Note – The individuals must maintain their investment in the country through the five years to be eligible for permanent residency 

How to Get an Australian Citizenship after Securing Australian Golden Visa 

The applicants who have been granted the Australian Golden Visa can apply for permanent residency and subsequently citizenship if they meet the following requirements: 

1. The applicant must have held the Golden Visa or Significant Investor Visa for at least five years 

1. The applicant must have maintained their investment throughout the five years 

1. The applicant must meet the requirements proposed by the Australian government 

Australian Golden Visa Cost 

The Australian government to grant the golden visa has proposed that the applicants must be willing to invest a minimum of 5 million AUD in investments or business in the country.  

The investments are broken down to: 

(If the application is submitted on or before 1 July 2021) 

1. Investment of at least 1 million AUD in venture capital and growth private equity funds which invest in start-ups and small private companies 

1. Investment of at least 1.5 million AUD in approved managed funds. The managed funds must be invested in emerging companies listed on the Australian Stock Exchange 

1. A ‘balancing investment’ of at least 2.5 million AUD in managed funds 

(If the visa application is submitted before 1 July 2021) 

1. Investment of at least 5,00,000 AUD in venture capital growth private equity funds which invest in start-ups and small private companies 

1. Investment of at least 1.5 million AUD in approved managed funds. The managed funds must be invested in emerging companies listed on the Australian Stock Exchange 

1. A ‘balancing investment’ of at least 3 million AUD in managed funds 

Note- The applicants must not have used these investments as security for securing a loan

Advantages of Australian Golden Visa 

There are several benefits that the investors and their family can enjoy after securing the Golden Visa. Some of the advantages are: 

1. Upon maintaining the said investment for five years, the individual can apply for permanent residency and subsequently for citizenship 

1. The individual can incorporate their family including their spouse and children in the country. Once the permanent residency is approved the individual’s family can also be granted residency 

1. The visa holders and their family can either work or study in the country 

1. The visa holders can gain access to Australia’s public healthcare system, Medicare, which covers full health coverage 

1. The visa holders do not have to be fluent in English, unlike for visas for other countries. The applicants will only have to pay a second installment of the visa application charges if they do not have functional English levels 

1. The visa holders have the flexibility to travel in and out of the country during the visa period. Multiple hassle-free entries and exits are allowed under the Golden Visa