Introduction

The Business Owner Visa (subclass 890) is a pathway for individuals who own and manage a business in Australia to obtain permanent residency. This visa allows you to stay in Australia indefinitely and offers various benefits, including the ability to continue operating your business, sponsor eligible relatives for permanent residence, and even apply for Australian citizenship.

Process

To apply for the Business Owner Visa (subclass 890), you must meet specific criteria and go through a step-by-step application process. Here's an overview of the process:

1. Eligibility

To be eligible for the Business Owner Visa, you must hold an eligible visa and have lived in Australia for at least 12 months in the 2 years immediately before the application is made while holding this visa. Additionally, you must have owned and operated a business in Australia for at least 2 years immediately before the application is made.

2. Required Documents

When applying for the Business Owner Visa, you need to provide various documents to support your application. These documents include educational and personal documents, financial documents, passport, photos, and other relevant evidence of your business ownership and management.

3. Application Submission

Once you have gathered all the required documents, you can submit your application to the Adelaide Business Skills Processing Centre. Make sure to include the completed application form, business skills profile form, and state/territory notification form, if applicable.

4. Processing Time

The processing time for the Business Owner Visa can vary depending on individual circumstances. You can check the visa processing time guide tool for an indication of processing times for recently decided applications. Please note that this is a guide only and not specific to your application.

5. Health and Character Requirements

As part of the visa application process, you and your family members must meet the health and character requirements set by the Australian government. This includes providing police certificates from all countries where you have resided for more than 12 months since turning 16 and undergoing health examinations if required.

6. Visa Outcome

Once the Department of Home Affairs has assessed your application, they will notify you of their decision in writing. If your visa is granted, you will receive a visa grant number, the start date of your visa, and any relevant visa conditions. If your visa is refused, the department will provide reasons for the refusal and information on your review rights.

Benefits of the Business Owner Visa

The Business Owner Visa (subclass 890) offers several benefits to successful applicants. These benefits include:

1. Permanent Residency

The visa allows you to stay in Australia indefinitely and provides a pathway to permanent residency.

2. Work and Study

As a visa holder, you have the freedom to work and study in Australia without any restrictions.

3. Medicare

You can enroll in Australia's public health care scheme, Medicare, which provides access to medical services and subsidized medicines.

4. Sponsor Eligible Relatives

You can sponsor eligible relatives for permanent residence in Australia, allowing them to join you and enjoy the benefits of living in the country.

5. Travel

The visa allows you to travel to and from Australia for a period of 5 years from the date of grant. After 5 years, you will need to apply for a Resident Return Visa (subclass 155 and 157) to re-enter Australia as a permanent resident.

6. Australian Citizenship

If you meet the eligibility criteria, you can apply for Australian citizenship and enjoy the rights and privileges of being an Australian citizen.

Conclusion

The Business Owner Visa (subclass 890) provides a pathway to permanent residency in Australia for individuals who own and manage a business in the country. By meeting the eligibility criteria and going through the application process, you can obtain permanent residency, work and study in Australia, sponsor eligible relatives, and even apply for Australian citizenship. If you are considering immigrating to Australia as a business owner, the Business Owner Visa is an excellent option to explore.