Visa Subclass 892 | | ISA Migrations & Education Consultants

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State Or Territory Sponsored Business Owner Visa
(Subclass 892)

• The State Or Territory Sponsored Business Owner
  Visa Subclass 892 Is A Permanent Residence Visa.
  The Visa Holders Of Subclass 892 Can Stay In
  Australia For Duration Of Five Years. The
  Applicants Must Hold Qualifying Provisional
  Business Visa And Must Be Sponsored By The State
  Or Territory Government Agency.

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Who Can Apply For This Visa?

• You can get the visa subclass 892 if you
• Have owned and managed a business in Australia
  for two years to the minimum.
• Have stayed in Australia for a year in the past
  two years.
• Possess one of the provisional visas of subclass
  160,161,162,163,164 or 165
• Fulfill the health and character requirements.
• Adequate sponsorship by the state/territory
  government.
• No participation in unacceptable business
  pursuits.

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What This Visa Lets You Do In Australia?

• The business Visa subclass 892 allows you to
• Work and Study in Australia
• Live in Australia permanently
• Sponsor eligible relatives for permanent
  residence in Australia
• Apply for Australian citizenship depending on
  eligibility requirements
• Avail the benefits of Medicare
• Move in and out of Australia for five years after
  the visa has been granted

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General Eligibility Criteria For Business Visa
For Australia

• Apart from the eligibility criteria
  mentioned above, applicants must meet the
  below-mentioned conditions to get the State or
  Territory Sponsored Business Owner Visa Subclass
  892
• Ownership of Business You must have an ownership
  interest in at least 2 successfully running
  businesses in Australia for 2 years at the
  minimum before applying.
• You and your partner must have
• 51 share in the business (with turnover less
  than AUD 400 000)
• 30 share in business (with turnover is AUD 400
  000 or more)
• 10 where your business is recognized as publicly
  listed
• Acquisition of Business Show evidence that you
  acquired the nominated business in the visa
  lodgment.
• Clearance of Debts The applicant must not bear
  any kind of debts to the Australian government.

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• Management of Business Applicants must show
  their involvement in everyday management of
  business activities. There must be adequate proof
  of strong decision making which impacts the
  performance of the business. A complete record of
  business management activities must be presented.
• Assets and Employees Meet at least 2 of the
  below mentioned requirements
• Employ at least one full-time employee before you
  apply for the business visa (New Zealand Passport
  Holder, Australian citizen or non-family member)
• The net value of your business assets must be
  least AUD 75000 throughout the year before the
  application is made.
• The net value of your personal and business
  assets (combined) must be least AUD 250 000
  throughout the year before you apply for business
  Investment visa Australia.
• Turnover Supply evidence that your business had
  a yearly turnover of AUD 200 000 in the last two
  years before you apply.

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General Q A About Business Investment Visa
Australia

• What Is The Processing Time For The Visa?
• The business visa for Australia is generally
  processed within 17-18 months.
• How Long Can I Stay In Australia?
• The visa holders of subclass 892 can stay
  indefinitely in Australia.
• What Is The Cost Of The Visa?
• The visa costs AUD 2,225 along with some
  additional costs.

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• Can I Lodge The Application For Business Visa
  Out Of Australia?
• You need to be in Australia at the time you lodge
  the visa application. However, your family can be
  in or out of Australia.
• Can I Include My Family In The Visa
  Application?
• Yes, you can include the below-mentioned
  people when lodging the visa application.
• Partner
• Children/Step-Children
• Children/Step-children of your partner
• Relevant evidence of your relationship with the
  nominated people must be provided. Also, your
  family members must fulfil the business visa
  subclass 892 requirements.

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• If you are one of them who wish to visit
  Australia then you can contact ISA Migrations for
  any visa related queries. They are Immigration
  Agent Adelaide, Australia expert and education
  consultant. They can solve all your queries and
  help you to get your visa issued.