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Business Owner Visa (Subclass 890)
Overview: Turn your hard work into a permanent home in Australia. The Business Owner Visa (Subclass 890) lets you stay, work, and grow your business indefinitely. It’s your ticket to building a lasting future where your enterprise thrives.
This type of visa a residence visa for those who have already been on a temporary visa and have been running a business in Australia for five years.
The applicant needs to notify the business development agency in the state or territory where he/she intends to run his/ her main business.
The successful application obtains permanent residence (with multiple entry (for five years).
Requirements
The applicant should hold a qualifying visa, such as the Business Owner (Provisional) Visa (Subclass 160), Business Owner (Provisional) Visa (Subclass 163) Business Owner (Provisional) Visa (Subclass 164), or State/Territory Sponsored Business Owner (Provisional) Visa (Subclass 165)
Requirements for the Subclass 890 include:
- Submission of evidence demonstrating that the applicant has me the residency and ownership requirements of the qualifying visa
- Providing evidence of ongoing business operations, financial statements, and tax records to demonstrate the viability of the business
- Meeting health and character clearance requirements
- Providing evidence of sufficient settlement funds if required
Take Away Points
💼 Own and run a business in Australia
🌏 Live here as a permanent resident
📈 Grow your company and profits
📜 Meet the set business requirements
👨👩👧 Bring eligible family with you