Australian Citizenship
Australia is one of the largest economies in the world, offering impressive opportunities and a high standard of living. It’s no wonder that the country is an attractive destination for immigration. An important advantage of Australia is that citizenship can be obtained through investment. The country welcomes foreign investors and creates favorable conditions for them. Lawtter Solutions offers clients the opportunity to obtain Australian citizenship through investment. By using our services, you can acquire citizenship in the shortest possible time.
Advantages
Advantages of Australian Citizenship
Citizenship and permanent residency in Australia are highly sought after, with many people around the world interested in obtaining these documents. Here are the benefits you can enjoy with an Australian passport:
Programs
What are the Australian Citizenship Programs?
While Australian citizenship cannot be purchased directly, investments offer a pathway to obtaining permanent residency. There are several programs that allow individuals to gain permanent residency in Australia and, eventually, citizenship:
How to Get Citizenship
When Do You Become Eligible for Permanent Residency or Citizenship?
So, how do you get Australian citizenship through investment? After making the investment, you receive an investor visa, and after some time, you can obtain permanent residency in Australia. The time it takes depends on the program you choose:
- Business Innovation Stream – Permanent residency can be obtained after 2 years, provided you have lived in the country for at least 1 year.
- Entrepreneur Stream – Permanent residency is available after 4 years, with a minimum stay of 2 years in Australia.
- Investor Stream – Permanent residency is available after 4 years, with a requirement to live in Australia for at least 2 years.
- Significant Investor Stream – Permanent residency is granted after 4 years, with the condition of staying in Australia for at least 40 days each year.
- Premium Investor Stream – Permanent residency can be obtained after 1 year with no additional conditions.
As for Australian citizenship, you can apply for a passport a minimum of 4 years after making the investment. However, you should spend the final year before applying for citizenship as a permanent resident in the country.
Documents
What Documents Are Required to Obtain Citizenship?
To obtain Australian citizenship through investment, a set of documents must be prepared. The required documents include:
- IDs of the investor and all family members (if you apply for permanent residency and citizenship for the spouse and children)
- Photographs
- Medical certificate
- Proof of the legality of the source of funds
- Proof of income and financial capacity
- Confirmation of business experience
- Additional documents (may be requested individually)
After submitting the documents for Australian citizenship, you will also undergo a due diligence check. This process includes an interview, which can be conducted in person or via video call.
Before receiving the Australian passport, you will need to take an oath of allegiance to the country. Additionally, it is important to note that dual citizenship is legally recognized in Australia.
Features
Features of Taxation in Australia
The financial year in Australia runs from July 1st to June 30th. This rule applies to both individuals and legal entities. Individuals are required to submit annual tax returns. Income tax is deducted immediately upon receiving income. Additionally, individuals in Australia must pay income tax, which includes tax on investment income. The income tax system in Australia is progressive.
Australian residents are required to pay taxes on all income, whether it is earned within the country or abroad. Non-residents, however, only pay taxes on income earned within Australia. It is important to note that tax rates for non-residents are higher than those for residents. The tax residency status is granted to individuals who reside in Australia for at least 183 days a year. The maximum income tax rate is 47%.
A notable feature of Australia’s tax system is the absence of an inheritance tax. The inheritance tax rate is 0% here, which is a significant advantage when compared to countries like the UK, where the inheritance tax rate is 40%.
Obtaining Australian Citizenship with Lawtter Solutions
Lawtter Solutions offers legal services for obtaining permanent residency and Australian citizenship through investment. Our specialists have the necessary expertise in this field. We constantly monitor changes in legislation to ensure that we are always up to date with any updates.
The initial step is a free consultation. You will learn about the cost of Australian citizenship through the program you’ve chosen, the specific requirements, and the necessary documents. We will also answer all your questions. Next, our specialists provide legal services for document preparation and submission of applications. We will also assist in selecting an appropriate investment project or establishing a company in Australia. We ensure a swift and successful completion of the citizenship-obtaining procedure.
Kateryna Ozerova
Managing Partner, Co-Founder