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Business Owner visa (subclass 890)

This a permanent business class Visa. It has been designed for the 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 this visa, you need to have a qualifying visa approved on a particular basis.

Key requirements to apply

Here are the key essentials to apply this particular visa

  • You hold any of these visas, i.e. Subclass 160/161/162/163/164/165 visa
  • Stayed for minimum 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 provisional business visa.
  • Must not have outstanding debts to Government of Australia or must have organised to pay the same if any.
  • Must have minimum 2 business operating in Oz and have submitted Business Activity Statements (BAS) to the Australian Taxation Office for the last 2 years for all the businesses mentioned
  • You must have at least:-
    • 51 per cent of a business with an annual turnover of less than AUD400 000.
    • 30 per cent of a business with an annual turnover of AUD400 000 or more.
    • 10 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 you apply who is not a family member.
  • Your main or 2 businesses together should have a turnover of at leastAUD 300 000 in the past 12 months.

Visa benefits

  • Live in Australia forever.
  • Allowed to work in Australia
  • Get enrolled for Medicare healthcare scheme
  • Apply citizenship after fulfilling the criteria.
  • Travel to and fro for 5 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 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 that specializes in providing immigration and visa services to various countries including Australia, Canada, New Zealand, USA, UK, etc. countries. 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

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

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