Business Owner Visa Subclass 890
The Business Owner Visa Subclass 890 happens to be an Australian visa for those individuals who own a business in the country. They also manage the business and reside in the country for a long time. With the help of 890 visa, you can also apply for the citizenship of the country? They should be a holder of an eligible visa to qualify for it. The applicant needs to own and manage a business in the country for a minimum duration of 2 years before an application is made. You can also sponsor your family members who wish to come and reside in the country with you.
You are eligible for Subclass 890 if you have lived in the country for at least 12 months in these 2 years while the application is made. The 890 Visa allows you to visit your home country for the initial 5 years and if you wish to visit after this, need to apply for Resident Return (RRV) with the help of ISA Migrations & Education Consultants. There are several other factors which need to be qualified before applying, so a consultation with a reputed Migration Agent Australia like ISA Migrations will help you out.
Who Can Apply For Business Visa Subclass 890 Australia?
The Business Visa Subclass 890 has some key points which need to be achieved while applying for this:
- The applicant needs to be present in the country while applying for 890 Visa.
- If any of your family members are applying with you, they should be outside the country and not in immigration clearance.
- To qualify for Subclass 890, the applicant must be a visa holder.
- Must own and manage a business in the country for at least 2 years.
- Need to stay in the country for a minimum period of 1 year in these 2 years while applying.
What Subclass 890 Visa Lets You To Do in Australia?
The Business Owner Visa Subclass 890 permits the candidate to come and reside in the country for an indefinite time. You can also sponsor your family members who want to come and reside in the country. The 890 Visa allows the holder to visit his or her native country for the initial 5 years and if you still want to continue with this, apply for Resident Return (RRV). Applying for Australian citizenship will be easy if you qualify the eligibility criteria. Enrolling in various health care services will help you whenever you are need of it.
What are Visa Subclass 890 Requirements?
The 890 Visa will be permitted to the one who qualifies the requirements. There are certain Visa Subclass 890 Requirements which need to be achieved if you wish to apply. The requirements of visa 890 are listed below:
- No specific age required.
- No rejection or cancellation of the visa while residing in the country.
- Meet the character and health requirements that are stated by the administration.
- Should own and manage a business.
- Should match the requirements of Employee and asset requirements.
- Should sign the Australian statement.
- Should provide the requirements of the resident.
- Should be a holder of an eligible visa which may be a subclass 160 or subclass 161 or subclass 162 or territorial sponsored business owner visa.
General Eligibility Criteria for Subclass 890
To attain 890 Visa, you need to first satisfy the eligibility criteria that are required. Submitting a form which does not contain all the required documents can reject your application form. So, if you don’t want your form to get rejected, follow the Subclass 890 Eligibility criteria stated below:
Visa Holder
Must hold a subclass 160 or subclass 161 or subclass 162, or territorial sponsored business owner visa.
Requirement of the Residence
Need to reside in the country for a minimum period of 1 year.
Business Holder
Need to own and manage a business for a minimum of 2 years and still should continue with the business. The applicant should also have the details of the value of the ownership interest. Value of an ownership business should have a minimum share of 51% with a turnover of a maximum of AUD 400,000 per year or 10% of publicly listed companies or a minimum share of 30% with a turnover of more than that of AUD 400,000 per year.
Employees and Asset Requirements
Need to reside in the country for a minimum period of 12 months before applying. Need to show the net business asset which should be a minimum of AUD 100,000 and should be lawfully acquired. You must have an annual turnover of AUD 300,000. Must have employed 2 full-time employees who have provided service to the company for at least 12 months. These criteria should be met before the application process.
Age requirement
There is no age requirement for Subclass 890.
Sign the Australian Statement
Need to sign the statement which states that you will obey law and order of the country.
Character and Health Requirement
Need to match the character and health requirements that are stated by the administration before qualifying for this.
Status of the visa
The visa should not have been cancelled or rejected even for once while applying for it.
Business Owner Subclass 890 Checklist
To have 890 Visa, need to maintain a checklist so that you do not miss out even a single point. If you want your application form to be free from errors, you have to follow a Business Owner Subclass 890 Checklist which is listed below:
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Before applying, inform the business development agencies.
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Collect all the information that is required for the application such as character and health requirements, business and asset details, etc.
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You need to be in the country while your family members should be outside the country and not in the immigration clearance while applying for it.
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Need to apply in the paper.
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After applying check whether they need any further details for the processing of the application form or not.
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If your application gets accepted, then you will receive the details of it such as grant number, date of visa eligibility, etc.
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If the application gets rejected, a notice regarding the reasons for it will be sent to you.
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The processing fee will not be refunded if it gets rejected.
What is 890 Visa Processing Time?
The 890 Visa Processing Time depends on the quality of the application form. If the applicant has submitted all the required details that are needed for the processing for the application form, then it will not take more time. But if you have not submitted all the required details that are necessary for Business Owner Visa Subclass 890 to be granted, then it will take more time. The time required to respond to the queries is also responsible for determining the processing time.
| Name of the Visa | Processing time |
| Business Owner Visa Subclass 890 | Not Available |
Summary
Right from the initial stage to the sanction of visa 890, we at ISA Migrations & Education Consultants, as the top the Migration Agent Australia have helped the applicants who wish to settle their business in the nation with the Business Owner Visa Subclass 890. If you are one of them, give us a call today to settle all your visa application, processing and approval needs. We are waiting to help you!
FAQs for Business Visa 890
Yes, you need to be in Australia while applying for the Business Owner Visa 890.
The cost of Business Visa 890 Australia is AUD 2,450.
You can stay permanently with the help of The Business Owner Visa.
You need to stay in Australia, for 2 years in continuity but Business Owner Visa lets you reside permanently.
Yes, you can include any family member with visa 890.
The Subclass 890 is applicable for the candidate who has their own business in the country for a minimum period of at least 2 years.