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Business Owner visa (subclass 890)

How to apply for Business Owner Visa Subclass 890?

It’s a permanent business class Visa. It is ideal for individuals who own an Australian business and operate the same. The Subclass 890 visa permits you to live in Australia permanently. To become eligible to apply for this visa, you need to have a qualifying visa approved individually.

Key requirements to apply

Here are the fundamental essentials to apply for this particular visa

  • You hold any of these visas, i.e. Subclass 160/161/162/163/164/165 visa.
  • Stayed for a minimum of 12 months (out of 2 years) immediately before submitting the visa application.
  • Have demonstrated sincere commitment to sustain investment in Australia.
  • No Involvement in any unlawful business activities ever (both partner and you)
  • Both partner and you hold good health and moral conduct.
  • Fulfil all the conditions of the provisional business visa.
  • Must not have outstanding debts to the Government of Australia or must have organized to pay the same if any.
  • Must have a minimum of two business operating in Oz and have submitted Business Activity Statements (BAS) to the Australian Taxation Office for the last two years for all the businesses mentioned
  • It would help if you had at least:-
    • Fifty-one per cent of a business with an annual turnover of less than AUD400 000.
    • Thirty per cent of a business with an annual turnover of AUD400 000 or more.
    • Ten per cent of a publicly listed company.
  • You must have at least 2 of the below:-
    • Have net assets worth of at least AUD100 000 throughout the 12 months immediately before you apply.
    • Net Value of your personal and business assets has been at least AUD250 000 throughout the 12 months immediately before you apply.
    • You have hired at least one full-time Australian citizen, permanent resident or New Zealand citizen throughout the 12 months immediately before applying who is not a family member.
  • Your principal or two businesses together should have a turnover of at least AUD 300 000 in the past 12 months.

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Visa benefits

  • Live in Australia forever.
  • Allowed to work in Australia
  • Get enrolled for Medicare healthcare scheme
  • Apply for citizenship after fulfilling the criteria.
  • Travel to and fro for five years.
  • Sponsor eligible relatives for permanent residency

Cost of the Visa

Subclass 893 visa- AUD 2,450 (Base Application Charge)

Additional charges:-

  • Medical Examination:-To be paid directly to the doctor conducting a medical examination
  • Police check:-To the corresponding authorities in the respective countries where you have lived for more than 6/12 months depending on the visa subclass
  • Certification/Translation of Docs:-Depending on the certifying person and number of copies to be certified.

Visas Avenue is a prominent Visa Consultancy firm specialising in providing immigration and visa services to various countries, including Australia, Canada, New Zealand, USA, UK, etc. We have a strong team of immigration specialists who offer reliable assistance to people across the globe. We with our specialized domain knowledge of immigration laws of various countries

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Disclaimer: Visas Avenue does not offer consultancy on overseas jobs/work permits/international or domestic placements.

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