December 17th, 2023 at 01:14 am
Necessary Actions to Take After Getting Permanent Residency in Australia
Dreams come true, and who better to tell them than you, whom the Australian Government has chosen to live in Australia as a permanent resident? Congratulations! You have goodwill in one of the world’s most powerful economies. You must be wondering what you should do now that you have obtained permanent status in Australia. and how to reap the rewards of permanent residency.
Put these ideas aside because the next blog post will address all of your post-arrival PR concerns in Australia. So, without further ado, let us investigate the advantages of obtaining PR in Australia.
What Should You Do After Obtaining Permanent Residency in Australia?
You’ve made it to Australia! You should now be aware of the critical steps to take after obtaining permanent residency in Australia. Following the acceptance of your PR, below is a list of activities to accomplish in 2024:
1. Purchase a Smartphone and a SIM card
A cell phone is required in Australia since it allows you to communicate with your loved ones. You can purchase a mobile phone and prepaid SIM card from any of Australia’s several mobile phone service providers. Prepaid SIM cards allow you to pay for your phone usage in advance, eliminating the need to worry about receiving a bill at the end of the month.
2. Sign up for Medicare to receive healthcare benefits.
Health is wealth, and countries such as Australia provide both. As a result, the finest and most important thing to do after obtaining PR is to take advantage of superior healthcare facilities. In Australia, the government provides “Medicare” health insurance programs to ensure a healthy lifestyle. Residents and citizens are entitled to free or low-cost medical care in public hospitals and pharmacies under this program.
In order to sign up for Medicare,
- You must bring the required paperwork to a Medicare Service Center.
- If you meet the conditions, you will be given a temporary Medicare card number.
- Your Medicare card will be mailed to you in about three weeks.
3. Sponsor your relatives
Do you want to bring your loved ones to Australia to experience better amenities and a higher standard of living? Yes, you are, correct? What if I told you that you could invite your relatives and friends to come and visit you in Australia? This is undoubtedly exciting news for you. You can sponsor your family members to live permanently in Australia if you are a permanent resident or citizen.
To assist you and your family, the Australian Government provides a variety of visa streams, including a parent visa and a skilled regional visa. Each visa stream has its own rules and obligations regarding family members, but the basic norm is that you would financially support them. However, before sponsoring any stream, ensure that the conditions of residence and support insurance are met.
4. Get a Tax File Number (TFN).
To provide you with government services, the Australian Taxation Office issues a unique identity number, the Tax File Number (TFN). You will have to pay more tax if you do not have a TFN. TFN applications are free of charge. Depending on your position and place of residence, you can apply for your TFN online or on paper.
5. Open a bank account
Consider opening a bank account in Australia! It will save you a lot of trouble later on. As a result, your first action after landing in Australia should be to register a bank account. It is much easier to open a bank account as soon as you arrive in Australia because, after a few weeks, you will be required to present additional documents in addition to your passport.
6. Get a House
While staying in a backpacker hostel might be fun, it can also be excessively expensive, especially in Australia. Furthermore, renting in some locations in Australia may be prohibitively expensive. As a result, you should look for a permanent abode as soon as you arrive in Australia.
Are you looking for a place to buy something? Select the FHOG (First Home Owners Grant). You can use the current $10,000 FHOG award to purchase your first house, apartment, townhouse, or other property in Australia. Keep in mind, however, that your necessary property must be less than $750,000 in order to qualify for the First Home Owners Grant.
7. Apply for Citizenship in Australia
What could be better than obtaining citizenship in Australia? Of course, it has more advantages than permanent residency. After four years as a permanent resident in Australia, you can seek Australian citizenship. Citizenship entitles you to a variety of government services and benefits. As an Australian citizen, you can also vote in government elections. However, you must first meet the qualifying requirements before seeking citizenship.
8. Purchase of an Existing Residential Property
Only citizens and permanent residents are permitted to purchase existing residential real estate in the majority of municipalities. This action was intended to protect the market against a torrent of foreign cash that would buy up entire areas and drive local residents out to nearby suburbs.
Foreigners are required to pay particular tax surcharges in addition to purchasing brand-new, off-the-plan homes, raising the price over what a local would pay. You would not be charged any additional fees as a permanent resident to purchase any type of property. Furthermore, if this is your first home, you may be eligible for tax breaks.
9. Begin Your Own Business in Australia
Are you considering starting your own business in Australia? It must have been thrilling to go from dreaming to doing. With its powerful and stable economy, Australia provides a plethora of business options to its inhabitants.
You’re probably thinking about company potential, starting costs, and running costs in Australia right now. It is dependent on the type of business you wish to run as well as the essential equipment and permissions. Check out these guidelines to learn more about starting a business.
- Learn about the many sorts of enterprises in Australia, their scope, and the necessary procedures to follow.
- Examine the legal criteria for running your business
- It is best to be familiar with various Australian business numbers, their structures, and the legal requirements that apply to them
- Finally, go to the Australian Business License and Information Service to obtain the necessary licenses, permits, approvals, and codes of practice.
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