State or Territory Sponsored Investor visa (subclass 893)

This article provides information about the State or Territory Sponsored Investor visa (subclass 893), which is a permanent resident visa for subclass State/Territory Sponsored Investor (Provisional) visa (subclass 165) holders who have held a designated investment of AUD750,000 for 4 years. This visa allows individuals to continue their business or investment activity in Australia and offers various benefits, including the ability to stay in Australia permanently, continue business and investment activity, apply for Australian citizenship (if eligible), and more.

Process

In order to be eligible for the State or Territory Sponsored Investor visa (subclass 893), applicants must hold a Subclass 165 - State/Territory Sponsored Investor (Provisional) visa, be committed to continuing their business or investment activity in Australia, and continue their business and investment activity in Australia. It is important to note that applicants should also be aware of the requirements for health and character assessments.

With this visa, you can

With the State or Territory Sponsored Investor visa (subclass 893), individuals can stay in Australia permanently, continue their business and investment activity, and apply for Australian citizenship if they meet the eligibility criteria. This visa also allows individuals to work and study in Australia, enroll in Australia's public health care scheme (Medicare), sponsor relatives to come to Australia, and travel to and from Australia for 5 years.

Visa Stay

The State or Territory Sponsored Investor visa (subclass 893) is a permanent visa, allowing individuals to stay in Australia indefinitely. The permanent residency starts on the day the visa is granted or the day the individual enters Australia on this visa, depending on their location at the time of visa grant.

Visa Cost

The cost of the State or Territory Sponsored Investor visa (subclass 893) varies and is dependent on individual circumstances. It is recommended to use the Visa Pricing Estimator to get an estimate of the visa cost. The estimator does not include the second installment charge or other costs such as health checks, police certificates, and biometrics.

Visa Processing Time

The processing times for the State or Territory Sponsored Investor visa (subclass 893) can vary based on individual circumstances. It is advisable to use the visa processing time guide tool to get an indication of the processing times for recently decided applications. Please note that the processing times shown are a guide only and not specific to each individual application.

See All Conditions

For a comprehensive list of conditions associated with the State or Territory Sponsored Investor visa (subclass 893), applicants can refer to the official website for detailed information.

Your Obligations

As a holder of the State or Territory Sponsored Investor visa (subclass 893), it is important to obey all Australian laws and meet your business obligations. It is expected that individuals continue their business activity in Australia or make a realistic commitment to doing so.

Travel

With the State or Territory Sponsored Investor visa (subclass 893), individuals can travel to and from Australia for 5 years from the date the visa is granted. After 5 years, a Resident Return (RRV) visa (subclasses 155 and 157) is required to re-enter Australia as a permanent resident. It is recommended to check the travel facility end date using VEVO (Visa Entitlement Verification Online).

Have This Visa

Individuals can apply for the State or Territory Sponsored Investor visa (subclass 893) if they are the primary holder of the State/Territory Sponsored Investor (Provisional) visa (subclass 165).

Meet the Residence Requirement

In order to meet the residence requirement for the State or Territory Sponsored Investor visa (subclass 893), applicants must have been a resident, as the holder of a State/Territory Sponsored Investor (Provisional) visa (subclass 165), in the State or Territory of their sponsoring authority for at least 2 years in the 4 years immediately before submitting the visa application. The 2-year period does not have to be continuous.

Meet Business Requirements

Applicants, either individually or with their partner, must meet certain business requirements to be eligible for the State or Territory Sponsored Investor visa (subclass 893). These requirements include holding a designated investment of at least AUD750,000 continuously for at least 4 years, having a genuine and realistic commitment to continue a business or investment activity in Australia, and never being involved in unacceptable business activities.

Have a Sponsor

Applicants must be sponsored by the regional authority in the state or territory in which they have lived for at least 2 years in the 4 years immediately before applying for the State or Territory Sponsored Investor visa (subclass 893).

Age Requirement

There is no age limit for the State or Territory Sponsored Investor visa (subclass 893).

Health Requirement

Applicants and their family members included in the application must meet the health requirement. In some circumstances, applicants may not have to do medicals again to meet the health requirement. It is advised not to do medicals until requested to do so by the immigration authority.

Character Requirement

Applicants and family members aged 16 years and over who apply for the State or Territory Sponsored Investor visa (subclass 893) must meet the character requirement. Family members not accompanying the applicant to Australia may also need to meet the character requirement.

Australian Values Statement

All applicants who are 18 years of age or older must read or have the Life in Australia booklet explained to them and confirm their commitment to respect the Australian way of life and obey Australian laws by signing the Australian Values Statement.

Debt to the Australian Government

If the applicant or any family members owe money to the Australian Government, it must be paid back or arrangements must be made to pay it back before applying for the State or Territory Sponsored Investor visa (subclass 893).

Visa Application History

The immigration history of the applicant will be considered when making a decision on the State or Territory Sponsored Investor visa (subclass 893) application. If the applicant has had a visa cancelled or a previous application refused, they may not be eligible for this visa. However, there may be limitations on applications in Australia or alternative options for applying for a permanent visa from outside Australia.

Before You Apply

Before applying for the State or Territory Sponsored Investor visa (subclass 893), it is necessary to obtain sponsorship from the regional authority in the state or territory where the applicant has lived for at least 2 years in the 4 years immediately prior to the visa application.

Get Help with Your Application

Only certain individuals can provide assistance with visa applications. This includes registered migration agents, legal practitioners, or exempt persons. It is important to appoint the appropriate person to help with the application and to notify the immigration authority in writing.

Gather Your Documents

Applicants must provide various documents to support their visa application, including identity documents, photos, relevant periods of residence, designated investment evidence, commitment to business or investment activity, business or investment record and history, partner documents, dependant documents, functional English proof, and character documents. It is also necessary to have all non-English documents translated into English by accredited translators.

Prepare Your Documents

Applicants are advised to keep a copy of their completed application and ensure that all non-English documents are translated into English by accredited translators. It is also important to prepare accurate information and provide all required documents to avoid delays or complications in the application process.

Apply for the Visa

The State or Territory Sponsored Investor visa (subclass 893) application must be submitted while the applicant is in Australia. Family members can be in or outside Australia but not in immigration clearance. It is important to pay the application fee before submitting the application and include all relevant supporting documentation.

After You Apply

After submitting the application, the immigration authority will acknowledge receipt of the application and documents. It is important to stay lawful in Australia by holding a valid visa while the application is being processed. Applicants may be asked to provide additional information or undergo health examinations or biometrics. It is also necessary to notify the immigration authority of any changes in circumstances or mistakes on the application.

Visa Outcome

The immigration authority will notify the applicant of the visa decision in writing. If the visa is granted, the grant number, start date, and conditions will be provided. If the visa is refused, the reasons for refusal and any rights to review the decision will be explained. The application fee will not be refunded if the visa is refused.

In Australia

Once the State or Territory Sponsored Investor visa (subclass 893) is granted, individuals can stay in Australia indefinitely, work and study in Australia, enroll in Australia's public health care scheme (Medicare), sponsor relatives to come to Australia, and travel to and from Australia for 5 years. It is important to comply with Australian laws and continue business activity in Australia or make a realistic commitment to doing so.

Leaving Australia

Before leaving Australia, individuals must ensure they have a valid passport or travel document and check the validity and conditions of their visa. It is also recommended to use SmartGate for faster airport clearance. After leaving Australia, individuals can request their international movement records to obtain proof of their travel in and out of the country.