Australia Business Owner Visa (Sub Class 890)

Note: The Business Owner visa (subclass 890) is a permanent residency visa category for business owners who have successfully operated a business in Australia under the Business Owner visa (subclass 160) or the State/Territory Sponsored Business Owner visa (subclass 163) for a minimum of two years.

Eligibility Criteria for Business Owner visa (subclass 890):

Eligibility under subclass 160 or 163: You must have successfully operated a business in Australia under the Business Owner visa (subclass 160) or the State/Territory Sponsored Business Owner visa (subclass 163) for a minimum of two years.
Business Ownership: You must own at least one of the businesses that you have operated in Australia under the subclass 160 or 163 visa.
Business Turnover: Your businesses must have had a minimum turnover of AUD 300,000 per year for the two years prior to your application.
Assets: You must have net business and personal assets in Australia of at least AUD 800,000 for the two years prior to your application.
Residence: You must have resided in Australia for a minimum of one year in the two years prior to your application.
English Language Proficiency: You must demonstrate English language proficiency by taking an approved English language test such as IELTS, TOEFL, or PTE. The required score varies depending on the visa stream.
Health and Character Requirements: You must meet the health and character requirements set by the Australian government.

If you meet the eligibility criteria, you can apply for the Business Owner visa (subclass 890) through the Department of Home Affairs. The visa application requires documentation to prove that you have successfully operated a business in Australia under the subclass 160 or 163 visa for a minimum of two years, meet the business ownership and turnover requirements, and meet other eligibility requirements.

The Business Owner visa (subclass 890) is an excellent pathway for business owners who have successfully operated a business in Australia under the subclass 160 or 163 visa and want to settle in Australia permanently. The visa allows holders to live and work in Australia indefinitely, as well as access to Australian healthcare and education systems.

The Business Owner visa (subclass 890) is a great option for business owners who meet the eligibility criteria and have a strong desire to settle in Australia permanently.

For more information please contact us at Ever Aspire Consulting on +918657454590 or +919321784649

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