November 17, 2021
Australia is one of the most successfully culturally diverse nations. Therefore, it provides ample opportunities for everyone looking to settle permanently or work overseas.
Investor Visa 891 is an ideal option for overseas business investors to earn a living in Australia through investments in activity or starting a new business. In this blog, let’s get into more detail of the Investor (891) visa and see what can it do for you.
An investor visa 891 is a business innovation and investment visa for entrepreneurs who wish to continue their business in Australia.
There are specific requirements that you should fulfil to have a successful investor subclass 891 visa application. At time of application some of the essential requirements include:
There are many benefits of having the investor subclass 891 visa once approved. For example, you can stay and work in Australia permanently; enrol yourself in the public health care scheme and provisions to travel to and from Australia for five years. If eligible, there is a high chance to become a citizen of Australia.
The investor 891 visa is a permanent visa that lets you stay indefinitely. However, the travel provisions expire after five years from the date of the visa grant.
Another great advantage of the investor visa subclass 891 is that you can include members of the family unit in the application upon fulfilling some mandatory requirements such as abiding by all the laws of Australia.
The investor visa can be granted if you have held an investment of at least 1.5 million for the purpose of satisfying a requirement for the grant of an Investor (Provisional) visa 162. You or your family member must not have any debts with the Australian government. You also might not be eligible if you have had your visa rejected or cancelled while in Australia.
There is no fixed standard processing time for a subclass 891 visa. Moreover, the timing would vary due to individual personal circumstances. For example, the timing would depend on the time taken by Immigration to assess the checks or if you have lodged a complete application with necessary supporting documents.