State or Territory Sponsored Investor visa (subclass 893)
The State or Territory Sponsored Investor Visa (Subclass 893) is designed for holders of the State/Territory Sponsored Investor (Provisional) Visa (Subclass 165) who have maintained a designated investment of AUD750,000 for a period of 4 years. This visa offers permanent residency in Australia, allowing you to work and study in the country, enroll in Australia's public health care scheme, Medicare, sponsor your relatives to join you, and travel to and from Australia for five years. Additionally, if eligible, you can pursue Australian citizenship.
This permanent resident visa is available to those who meet specific requirements, primarily related to your investment and residence history in Australia. It’s important to understand the conditions, costs, and eligibility criteria associated with this visa.
The main applicant for the Subclass 893 Visa is required to pay a visa fee of AUD2,810.00. Additional charges apply for family members who are included in your application. There may be a second instalment charge for family members 18 years and older who have less than functional English and do not hold an eligible visa when they apply. This charge is AUD4,890. Other costs may apply for health checks, police certificates, and biometrics.
To calculate the total visa cost, you can use the Visa Pricing Estimator, but keep in mind that it does not include the second instalment or other associated expenses.
To make a valid application, you must be in Australia when submitting it, while members of your family unit can be in or outside Australia but not in immigration clearance. You must also hold an eligible visa to apply for the Subclass 893 Visa.
The processing times for this visa can vary depending on individual circumstances, such as the completeness of your application, response times to additional information requests, checks on supporting documents, and external agency information. The availability of places in the migration program for permanent migration visa applications also plays a role.
To be eligible for this visa, you must meet the following requirements:
– Be the primary holder of the State/Territory Sponsored Investor (Provisional) Visa (Subclass 165).
– Fulfill the residence requirement by being a resident in the sponsoring State or Territory for at least 2 years in the 4 years immediately before applying, which need not be continuous.
– Meet the business requirements, including maintaining a designated investment of at least AUD750,000 for a minimum of 4 years, demonstrating a genuine commitment to continuing business or investment activities in Australia, and having no involvement in unacceptable business activities.
– Have a sponsor from the regional authority in the State or Territory where you have resided for at least 2 years in the last 4 years before applying.
– There is no age limit for this visa.
– Your immigration history will be assessed, and having had a visa cancelled or a previous application refused might affect your eligibility.
Frequently Asked Questions
Processing times vary depending on multiple factors, including the completeness of your application and response time to requests for additional information. It’s essential to stay up-to-date with your application’s progress.
Yes, you can include members of your family unit in your application, either when you lodge your application or after lodging it but before a decision is made.
The second instalment charge applies to applicants 18 years or older with less than functional English and without an eligible visa when they apply. This charge is AUD4,890.
Yes, you can travel to and from Australia for 5 years after receiving the visa. After this period, you will need a Resident Return Visa (RRV) to re-enter Australia as a permanent resident.
Currently, there are no frequently asked questions available for the Aged Dependent Relative Visa (Subclass 114).