How can Indian investors gain permanent residency in Australia without giving up their Indian passports?

Answers

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  Venkateswaran Palat Krishnan

  Ven Waran

  December 04, 2021

  Indian investors gain permanent residency in Australia need not give up their Indian passports. Gaining permanent residency in Australia does not automatically get one an Australian passport. You need to comply with your permanent residency visa conditions and meet the criteria to become Australian citizen. You can be a permanent resident of Australia, and remain with an Indian passport. However, once you gain the Australian citizenship, then you have to give up your Indian citizenship.  At that time, as a person of Indian origin, you can apply for Overseas Citizen of India (OCI) card at the nearest Indian embassy and this OCI allows you to visit India, without any visa, and also do business or work in India as well.

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  Lisa De Leon

  Australian Visa Options

  December 05, 2021

  An Australian permanent residency visa does not bestow citizenship to the visa holder. Citizenship is a separate process and is not gained straight away as in some citizenship by investment programs in other countries. To be eligible for Australian citizenship, you need to have lived in Australia for four years, with at least 12 months as a permanent resident. It is not mandatory to hold citizenship in Australia, and many people simply continue to hold permanent residency without relinquishing their original passport. You will need to apply for a Resident Return 155 visa every five years, as although the permanent visa will allow indefinite stay in Australia, the travel facility will expire after five years.