As a multicultural economy, Australia attracts talented business owners, entrepreneurs, and investors from all over the globe. With a highly educated and inventive workforce, the Australian market provides international businesses with a highly developed and innovative playing field. As a result, numerous people immigrate to Australia to achieve a better quality of life and work.
Navigating the intricacies of Subclass 890 or Business Owner Visa applications demands expertise. A good immigration lawyer is indispensable in ensuring a smooth process, offering tailored guidance, and maximizing your chances of success. Trust in their knowledge to navigate the complexities and secure your path to Australian residency with confidence.
The Australian government recognizes and encourages the contribution of international residents to the country's economy and culture. That's why numerous visas are available specifically for business owners, investors, and entrepreneurs, allowing them to live in Australia to conduct business.
This article is a breakdown of all the requirements for a Business Owner Visa Subclass 890.
The Visa (Subclass 890) or business owner visa applies to people who own and conduct business in Australia. This permanent visa allows business owners and their family members to live and carry out business activities in Australia indefinitely.
The range of permissibility under this visa includes:
To own a business owner visa subclass 890, you must first make sure that you meet all the required eligibility criteria and can produce the documents necessary as proof.
To own this visa, you must,
Before you can apply for a permanent business owner visa, you must hold or, in some cases, have held the business visas from subclass 160 to 165. These visas are:
You must have been a resident of Australia with an eligible visa for at least 1 year out of the 2 years before applying for this visa. The one-year period, however, does not need to be continuous.
It goes without saying, but one of the most crucial requirements for owning the business owner visa subclass 890 is having and managing your own business. You must be in ownership of the business for at least 2 years immediately before you apply for the visa. For the main business you nominate, you must prove your ownership interest and the value of your business.
Your ownership interest must meet the following criteria:
Before applying for this visa, you and your family must have cleared or paid off all outstanding debt to the Australian government.
Before granting you a visa, it is common practice for authorities to check your immigration history to ensure you've complied with the rules and regulations of each country in which you have previously resided. One of the major proofs for this is to produce documents that show you have had no visas rejected or canceled in the past.
In case you've had visa limitations in the past, consulting a Legal Counselor in Australia can help you navigate any hitches that may arise.
The above-mentioned criteria constitute the main requirements for applying for a business owner visa subclass 890 in Australia. While the list may look simple enough, people often find compiling documents, business audits, and proofs quite challenging.
That's why consulting a good immigration lawyer can significantly smooth out any knots in the process.
Get in touch with the most experienced and best immigration lawyer Perth to make the next big move of your life as easy as a breeze.