Australian 890 Business Owner Visas
This program is open to all foreign citizens who own and manage a business in Australia.
You will simply need to show
– you hold one of the following provisional visas granted on the basis that you or your current or former spouse or de facto partner satisfied the primary criteria:
- 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)
– you have lived in Australia on one of the above visas for at least 12 months in the past two years
– you own at least one of the following:
- 51 per cent of a business with an annual turnover of less than AUD400 000
- 30 per cent of a business with an annual turnover of AUD400 000 or more
- 10 per cent of a business that is a publicly listed company
- 10 per cent of your main business in Australia if purchased before 19 April 2010.
It’s actually quite simple…
Benefits of 890 Business Owner Visas
This is a permanent residence visa. It lets you and any family members who have also been granted this visa to:
- stay in Australia indefinitely
- work and study in Australia
- enrol in Medicare, Australia’s scheme for health-related care and expenses
- apply for Australian citizenship
- sponsor eligible relatives for permanent residence
- travel to and from Australia for five years from the date the visa is granted
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