State or Territory Sponsored Business Owner visa (subclass 892)
The State or Territory Sponsored Business Owner visa (Subclass 892) is designed for individuals who own and manage a business in Australia, offering them the opportunity to live in Australia indefinitely. This visa provides a range of benefits, including the ability to work and study in Australia, access to Australia's public health care scheme (Medicare), the option to sponsor relatives to come to Australia, and the privilege of traveling to and from Australia for five years. Additionally, if eligible, you can pursue Australian citizenship. However, newly arrived residents may have to wait before accessing specific Australian Government payments and benefits.
This visa is a permanent residency visa, which means it allows you to stay in Australia indefinitely. It comes with a travel component that remains valid for five years from the date of visa grant. You become a permanent resident on the day the visa is granted. Your permanent residence for citizenship purposes begins either on the day the visa is granted if you are already in Australia, or on the day you enter Australia on this visa if you are outside the country.
You can include eligible family members in your application. The family members included must meet health and character requirements. The cost for the main applicant is AUD2,810. There may be an additional charge for family members aged 18 or older with less than functional English or without an eligible visa when they apply, referred to as the second instalment charge (AUD4,890).
The cost of the State or Territory Sponsored Business Owner visa (Subclass 892) is AUD2,810 for the primary applicant. Additional charges apply for family members aged 18 or older who do not meet certain language requirements. Other expenses may also be incurred for health checks, police certificates, and biometrics.
To be eligible for this visa, you must be in Australia when you submit your application, and you must hold an eligible visa. The processing times for this visa vary based on individual circumstances, including the completeness of the application, response time to requests for additional information, and checks on supporting documents. Compliance with Australian laws is essential for both the primary applicant and family members. You are expected to maintain your business activity in Australia or make a realistic commitment to do so.
Processing times for the Subclass 892 visa vary based on individual circumstances, such as the completeness of the application, response time to requests for additional information, and the time required for various checks, including health, character, and national security requirements. The availability of places in the migration program for permanent migration visa applications also affects processing times.
To be eligible for the State or Territory Sponsored Business Owner visa (Subclass 892), you must meet several criteria:
– Hold an eligible visa, which includes various subclasses of business and investor visas.
– Meet the residence requirement, which entails being in Australia for at least 1 year as the holder of an eligible visa within the two years immediately preceding the application.
– Own and manage a business in Australia for two years immediately before applying, meeting specific ownership, value, and management criteria.
– Meet assets and employees requirements, including showing net business and personal assets, providing employment to eligible employees, and demonstrating an annual turnover in your main business.
– Have a sponsor from the regional authority in the state or territory where your business operates.
– There is no age limit for this visa.
– A history of visa cancellations or previous application refusals may impact your eligibility.
Frequently Asked Questions
This is a permanent visa, allowing you to stay in Australia indefinitely.
Yes, you can include eligible family members in your application.
The second instalment charge applies to family members aged 18 or older who have less than functional English and do not hold an eligible visa when they apply. It costs AUD4,890.
Yes, you can travel to and from Australia as many times as you want for five years from the date the visa is granted. After five years, you may need a Resident Return Visa (RRV) to re-enter Australia as a permanent resident.
The visa will be digitally linked to your passport, and you will not receive a physical label in your passport.
Currently, there are no frequently asked questions available for the Aged Dependent Relative Visa (Subclass 114).