Australia State/Territory Sponsored Business Owner Visa Subclass 892

The State/Territory Sponsored Business Owner visa (subclass 892) is a permanent residency visa category for business owners who have successfully operated a business in Australia under the State/Territory Sponsored Business Owner visa (subclass 163) for a minimum of two years.

Eligibility Criteria for State/Territory Sponsored Business Owner visa (subclass 892):

Eligibility under subclass 163: You must have successfully operated a business in Australia under 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 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 State/Territory Sponsored Business Owner visa (subclass 892) 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 163 visa for a minimum of two years, meet the business ownership and turnover requirements, and meet other eligibility requirements.

The State/Territory Sponsored Business Owner visa (subclass 892) is an excellent pathway for business owners who have successfully operated a business in Australia under the subclass 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 State/Territory Sponsored Business Owner visa (subclass 892) 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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