State or Territory Sponsored Business Owner Visa (Subclass) 892

Subclass 892 visa is structured to allow applicants to stay in Asutralia on a permanent basis for the purpose of owning and managing their new or existing business. This visa has been structured for existing visa holders of specified visa categories. It allows the country’s business owners to stay in the country indefinitely and continue to run their business. The respective state or territory where the business operates, are required to sponsor this visa.

Why to apply for a State or Territory Sponsored Business Owner Visa (Subclass) 892

Subclass 892 visa is a permanent permit to the country. This visa allows its holder to-

Stay in the nation for an indefinite period.
Study and work in the country in their respective field of interest.
To enroll in the health care scheme of the Government.
To include the members of the family unit in the visa application form.
To sponsor other family associates (if eligible) to come to the country.
To travel to and fro from the country for five years.
To apply for citizenship (if eligible).

A permanent visa holder is entitled to almost the same rights as the country’s citizens have with minute differences. To know more about the provisions of subclass 892 consult our professional 892 visa consultants/ immigration agents for in-depth details on visa conditions, processing, and eligibility.

What are the Eligibility Requirements for Subclass 892 Visa

To be eligible to apply for a subclass 892 visa, the applicant must meet the Department’s requirements for the visa category.

The applicant must be the holder of any of the –
- Business Owner (Provisional) visa (subclass 160)
- Senior Executive (Provisional) visa (subclass 161)
- Investor (Provisional) visa (subclass 162)
- State/Territory Sponsored Business Owner (Provisional) visa (subclass 163)
- State/Territory Sponsored Senior Executive (Provisional) visa (subclass 164)
- State/Territory Sponsored Investor (Provisional) visa (subclass 165)
The applicant must have satisfied all the conditions of the primary existing visa.
The applicant must be in Australia for the past one year in the past two years from filing the visa application form.
The applicant must have an ownership interest in the past two years (from the date of filing of the visa application form) in at least one of Australia’s active businesses. The combined ownership interest of the applicant along with their partner must be at least-
- 51% of a business with a turnover of less than AUD400,000 per year, or
- 30% of a business with a turnover of AUD400,000 or more per year, or
- 10% of a publicly listed company.
The applicant must provide documentary evidence that each main business of the applicant satisfies the conditions to be assessed as a qualifying business as per the 892 visa requirements.
Each main business of the applicant should have a distinct Australian Business Number (ABN).
The applicants along with their partner combinedly must hold for the past one year (from the date of filing of the visa application form) at least-
- net business assets in the main businesses of AUD 75,000,
- net business and personal support in Australia was AUD250,000,
The applicant must have employed one or more individuals, equivalent to one full-time employee. The employee must be an Australian citizen or permanent resident or an eligible New Zealand citizen.

The annual turnover of the leading business or two main businesses of the applicant must be at least AUD200,000 for the past one year (from the date of filing of the visa application form).
The applicant must be sponsored by the regional authority in the state or territory.
The applicant must meet all the health and character requirements of the visa category.
The applicant and the family unit members (named in the application) must have paid back or made necessary arrangements to pay back all the money due to the Government of the country.
The applicant must not have a history of canceled visas as it might lead to rejection of the visa application.

Please book an appointment with our 892 visa consultants/ immigration agents to ensure your favorable visa application processing. Our visa consultants/ immigration agents are trained to counsel the applicants based on their eligibility regarding the visa conditions, requirements, and 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 892 Visa

Before applying for the subclass 892 visa application, the applicant must ensure that they hold a valid passport. If not, it is advised to secure a fresh passport before initiating the visa application process. The applicant should also ensure they abide by the conditions and provisions of the existing visa they hold.
The next step lies in the gathering of the relevant evidence. All the documentary proofs must be collected and analyzed for the subclass 892 visa application requirements. The evidence should be complementary to the facts of the application for a subclass 892 visa conditions.
The duly filled and complete subclass 892 visa application form should be filed with the department along with the requisite fees. The current fee for the 892 visa form is AUD 2450/-
Communicate with our 892 visa consultant/ immigration agents for accurate filing of all the application information. Our specialized (892) visa consultants/ immigration agents dig in the client’s profile and provide all the assistance based on their requirements and eligibility conditions. Please schedule an appointment with our visa consultants/immigration agents to start a hassle-free and effortless visa journey.
After filing the visa application form successfully, the department communicates the applicants’ registered mail decision.

Processing Time for Subclass 892 Visa

The usual processing time for the 892 visa application differs depending upon the individual’s profile. The standard processing time is dependent on the departments’ assessment process and the information it gets from external agencies.
Communicate with a professional 892 visa consultants/ immigration agent at E-Help for further details on the visa processing and eligibility requirements.

Contact Us

Complex visa requirements and changing legislation have made the Australian visa application process a little complicated. For most people, applying for a visa is quite a daunting task. Here at E-Help, we specialize in doing the same; if you are looking to secure a visa, our visa consultants/immigration agents can be of immense help. Our team of expert migration agents understand the value of your time and money and can cater to your requirements with absolute professionalism and swiftness. Let E-Help provide you with a one-stop solution for all aspects of Australian immigration. Contact us or speak to our immigration agents online. We recommend that you fill up our information form for ready reference and reach us for any form of guidance or assistance regarding your eligibility condition or your application. To book an appointment with our 995 visa agents or immigration consultants, contact us or dial us at +61 7 3172 4965.