Australia Business Owner Visa (subclass 890)
If you are doing business in Australia on a temporary visa and want to become its permanent residency. The business owners who are looking for a permanent residency status in Australia can apply for this visa. This visa allows a business owner or a business manager to live and work in Australia.
This visa is valid up to 5 years, and during these years you can avail benefits, social and economic services like other Australian citizens have. A candidate has to meet with the Australian business visa requirements to get this visa. This is a Permanent Residency visa.
Basic Requirements
In order to get this visa, a candidate must meet the minimum requirements to be granted by this visa:
- You must hold one of the following business temporary visas:
- Business Owner (Provisional) visa (subclass 160)
- Business Owner (Provisional) visa (subclass 160)
- 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)
- You meet all the conditions of the provisional business visa
- Lived at least 12 months in Australia in past at the time of applying
- You and your family meet the health and character requirements
- You have a genuine commitment to continue your work in Australia
- You or your partner has not been involved in any illegal business activities ever
Business Requirements
You must have two of the following:
- If you own net assets worth of at least AUD 100,000 throughout the 12 months during applying
- Net Value of your personal and business property has been at the least AUD250 000 throughout the 12 months immediately earlier than you observe.
- You have employed at the least one complete time Australian citizen, everlasting resident or New Zealand passport holder as a worker through the one year, immediately earlier than you apply who isn’t a family member.
- Your annual turn over should be AUD 300,000 dollars in 12 months immediately before your application is made.
You must have at least:
- 51 percent of a business with an annual turnover of less than AUD 400,000
- 30 percent of a business with an annual turnover of AUD 400,000
- 10 percent of a business that is a publicly listed company
- 10 percent of your main business in Australia if purchased before 19 April 2010
Contact Us to discuss your profile and eligibility.
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