Business Owner Visa Subclass 890

Subclass 890 visa in Australia is better known as a business owner visa. This visa category is structured for those eligible business owners or entrepreneurs who wish to permanently continue their activity in the Country. This is a second stage visa. Hence the applicant for the subclass 890 migration access must hold a qualifying visa as per the immigration processing conditions. Subclass 890 business owner visa and Subclass 892 state nominated business owner visa are designed to attract entrepreneurs or business owners to enhance the country’s economic development.

Why apply for a Subclass 890 Visa

Subclass 890 visa is a permanent permit to the Country. This visa allows it holders to-

Stay and work in the nation for an indefinite period.
Continue to own and maintain a business in the country.
Study in the country in their field of interest.
Travel to and from from the Country for five years.
Enrol in the medical health care scheme of the Government
Apply for citizenship (if eligible).
Sponsor members of the family unit to come to the country.

A permanent visa possessor enjoys almost similar entitlements as the citizen, with a few differences. However, the visa conditions need to be followed by the holder all the time. For specific or general queries on eligibility conditions and migration, processing contact our 890 visa consultants or immigration agents.

What Are the Eligibility Requirements for a Business Owner Visa 890

To be eligible to apply for a subclass 890 visa, the applicant must meet the Department’s required eligibility conditions:

The candidate must be a holder of an eligible visa, which may be –
- Subclass 160- Business Owner (Provisional) visa
- Subclass 161- Senior Executive (Provisional) visa
- Subclass 162- Investor (Provisional) visa
- Subclass 163- State/Territory Sponsored Business Owner (Provisional) visa
- Subclass 164- State/Territory Sponsored Senior Executive (Provisional) visa
- Subclass 165- State/Territory Sponsored Investor (Provisional) visa
The applicant must have lived in Australia as a holder of an eligible visa for at least one year in the past (immediate) two years before the application is made. The one year stay period is not required o be continuous.
The applicant must show their ownership interest in one or more businesses in Australia (actively operating) for at least the past two years from the date of filing of application form under subclass 890.
The combined ownership, as well as day to day management interest of the candidate and their partner (spouse/de-facto partner) for the previous two years, must be –
- 51% of a business (where turnover is less than AUD400,000 per annum), or
- 30% of a business (where turnover is AUD400,000 or more per annum), or
- 10% of a publicly listed company
The applicant (along with their partner) must show documentary evidence for the last one year from the date of filing of the application form of having –
- The combined net business assets of at least AUD100,000 in their main business
- Annual turnover of at least AUD300,000 in their primary industry (or two main businesses together)
- Two full-time employees or the equivalent of two full-time employees. (Employees must be permanent residents, Australian citizens, or eligible New Zealand passport holders. Members of the family unit cannot be included)
- The combined net value of the business and personal assets in Australia of at least AUD250,000.

The candidate must have fulfilled all the pre-requirements of the original visa category (temporary).
The applicant and the members of their family unit must pay back or make arrangements to pay back all the dues that they owe to the Government of the country.
The candidate must meet all the health and character requirements of the visa category.
The candidate must agree to abide by and respect Australian laws.

The candidate must not have a history of any rejected visa as it can reduce the chances of getting a positive visa decision. Further, visa application processing in Australia is complex and needs professional help. We suggest you book an appointment with our 890 visa consultants/ immigration agents to secure a favourable permanent migration processing. The shared information is exclusive but not exhaustive, and the applicants are advised to take the help of qualified migration agents to go through the complete eligibility requirements before applying. For more information on visa conditions and processing, please contact our immigration consultants to assist you through the entire process.

How to Apply for a Subclass 890 Visa

Before applying for the subclass 890 visa application, the candidate must ensure that they hold a valid passport.

The next step lies in the gathering of the relevant evidence. The evidence should be complementary to the facts of the application for the individual visa requirements. Get in touch with our visa consultants/ immigration agents for more details on eligibility conditions and visa processing.

If the applicant has spent more than six weeks in total (outside Australia) during the last two years, they must substantiate how they managed the business while they were away. Contact our visa consultant or immigration agents for detailed information on application processing and form-based eligibility conditions.

The duly filled and complete visa application should be filed with the Department along with the requisite fees. The current application fee for the subclass 890 form is AUD 2450/-, an extra charge may apply for including any member of the family unit to the application form.

After filing the visa application form successfully, the Department informs the candidate that their application assessment is in place and communicates the decision on the registered mail of the applicants. Talk to our 890 visa consultant or immigration agents to accurately file all the application forms and quick processing. Our specialised visa consultants/ immigration agents are trained to counsel the client based on their eligibility and migration conditions and then provide all the assistance required to ensure a favourable visa decision.

Processing Time for Business owner Visa 890

The standard processing time for a subclass 890 visa category is not fixed and changes based on the applicant’s profile and migration requirements.

The Department generally asks for additional information both from the candidates and/ or external agencies. Generally, the verification procedure for a permanent visa is more thorough than a temporary visa category.

Contact Us

Our visa consultant/immigration agents understand your preferences, eligibility conditions, and requirements and are ready to offer you successful migration prospects. Our migration agents/ visa consultants are easily contactable to help you with your visa processing. To book an appointment with our 890 visa agents or immigration consultants, contact us or dial us at +61 7 3172 4965

Business Owner Visa Subclass 890 Visa