BUSINESS OWNER VISA - SUBCLASS 890

ABOUT THIS VISA

The Business Owner Visa (Subclass 890) is a permanent visa is for people who own and manage a business in Australia. It allows you to stay in Australia indefinitely. To apply as a primary applicant, you must have a qualifying visa granted on a particular basis.

 

COSTS & DETAILS OF THE BUSINESS OWNER VISA (SUBCLASS 890)

The Business Owner Visa (Subclass 890) currently costs $2450AUD. There no current processing times for the Business Owner Visa (Subclass 890)

WHAT THIS VISA LETS YOU DO

The Business Owner Visa (Subclass 890) allows you to:

  • stay in Australia permanently

  • work and study in Australia

  • enrol in Australia's public health care scheme, Medicare

  • sponsor your relatives to come to Australia

  • travel to and from Australia for 5 years

  • if eligible, become an Australian citizen.

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ELIGIBILITY FOR THE BUSINESS OWNER VISA (SUBCLASS 890)

  • You must have one of the following visas to be eligible to apply for this visa:
    • Business Owner (Provisional) visa (subclass 160)

    • Senior Executive (Provisional) visa (subclass 161)

    • Investor (Provisional) visa (subclass 162)

    • State/Territory Sponsored Business Owner (Provisional) visa (subclass 163)

    • State/Territory Sponsored Senior Executive (Provisional) visa (subclass 164)

    • State/Territory Sponsored Investor (Provisional) visa (subclass 165)

    • Your current visa was granted to you on the basis that you, or your partner, or your former partner satisfied the primary criteria for the grant of that visa.

  • You must have been in Australia as the holder of an eligible visa for a total of at least 1 year in the 2 years immediately before the application is made. The 1-year period does not have to be continuous.

    • For the 2 years immediately before you apply, you must have had, and continue to have, an ownership interest in one or more actively operating main businesses in Australia.

    • For each nominated main business you must provide evidence of:

      • ownership interest in the business

      • value of your ownership interest

    • for the 2 years immediately before you apply, the value of your ownership interest or the total value of the ownership interest of you and your partner, must have been at least:

      • 51% of a business with a turnover of less than AUD400,000 per year, or

      • 30% of a business with a turnover of AUD400,000 or more per year, or

      • 10% of a publicly listed company

    • you had and continue to have, a direct and continuous management role in that business on a day to day basis (including periods when you are outside of Australia)

    • that each main business meets the criteria to be assessed as a qualifying business

    • obtained an Australian Business Number (ABN) for each of your main businesss (you can rely on a maximum of two ABNs)

    • provide evidence of portal process Business Activity Statements issued by the Australian Taxation Office

    • If you spent more than 6 weeks in total outside Australia during the 2 years, you must explain how you managed the business while you were away.

  • You need to meet the assets and employee requirement. This includes:

    • Business Assets

      • At the time you apply and throughout the 12 months immediately before you apply, you must show that you and/or your partner had:

      • net business assets in the main businesses of at least AUD100,000 and those assets were lawfully acquired

    • Business Turnover

      • for the 12 months immediately before you apply, you must evidence annual turnover in your main business (or 2 main businesses together) of at least AUD300,000 

      • Employees

      • for the 12 months immediately before you apply you must provide evidence that the nominated main businesses employed 2 full-time employees or the equivalent of 2 full-time employees. Employees must be Australian citizens, permanent residents or New Zealand passport holders and you cannot include yourself or members of the family unit

    • Business and personal assets

      • At the time you apply and throughout the 12 months immediately before you apply, you must show that the net value of your and/or your partner’s net business and personal assets in Australia was at least AUD250,000.

    • Business Practices

      • You must not have engaged in business activities that are generally unacceptable in Australia.

  • There is no age limit for this visa.

  • You must meet health requirements.

  • You must meet all character requirements.

  • You must sign the Australian values statement.

  • You must pay back all debts to the Australian government.

  • You must not have had a previous visa cancelled or refused.

Business Owner Visa (Subclass 890)

HOW TO APPLY FOR THIS VISAS

The Business Owner Visa (Subclass 890) needs to be done right first time and to avoid unnecessary delay, use a registered migration agent Mark Pelley - Principal Migration Agent for Visas To Australia. The Business Owner Visa (Subclass 890) requires substantial documentation to support claims made in the application. This process can be lengthy and confusing. Failure to correctly apply for the Business Owner Visa (Subclass 890) could result in a rejection from the Department of Home Affairs and having to reapply and to pay all costs again. Contact VISAS TO AUSTRALIA to help you apply for this visa.

BOOK AN APPOINTMENT TODAY

Book an appointment with VISAS TO AUSTRALIA today by calling us on 0403 875 409 or send us an email visastoaustralia@yahoo.com.au.

To see other BUSINESS visas available, click on the links above or to go back to a list of the different types of visas, click HERE.

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