Business owner visa 890

Business owner visa

This visa is for people who own and manage a business in Australia. It allows you to stay in Australia indefinitely. To apply as a primary applicant, you must have a qualifying visa granted on a particular basis.

australian business visa

Stay

Permanently

Cost

From AUD2,450

Processing times

Unavailable due to low volume of applications

With this visa, you can…

  • continue to own and operate a business in Australia
  • sponsor eligible relatives for permanent residence
  • apply for Australian citizenship, if eligible

You must

  • hold an eligible visa
  • have lived in Australian on that visa for at least 12 months in the 2 years immediately before the application is made while holding this visa
  • have owned and operated a business in Australia for at least 2 years immediately before the application is made

With this visa, you can

  • stay in Australia permanently
  • work and study in Australia
  • enrol in Australia’s public health care scheme, Medicare
  • sponsor your relatives to come to Australia
  • travel to and from Australia for 5 years
  • if eligible, become an Australian citizen

Newly arrived residents may have to wait before they can access certain Australian Government payments and benefits. 

How long you can stay

This is a permanent visa. It lets you stay in Australia indefinitely. The visa has a travel component that expires 5 years after the date of visa grant.

You become a permanent resident on the day we grant the visa.

For citizenship purposes, your permanent residency starts on the day:

  • we grant the visa, if you are in Australia
  • you enter Australia on this visa, if you are outside Australia

Include family

You can include members of the family unit in your application. You can:

  • include them when you lodge your visa application
  • add them after you lodge your application but before we decide on your visa

A member of the family unit can include family members who hold an eligible visa that was granted on the basis that they were a member of your family unit at the time their eligible visa was granted. This provision may apply even where the person would no longer meet the definition of members of the family unit, for example a child who has turned 23 years of age since their eligible visa was granted.

A member of the family unit who applies for the visa must meet our health and character. A member of the family unit not accompanying you to Australia may also need to meet our health and character requirements.

Cost

Application charge

The visa costs AUD2,450 for the main applicant.

There is also a charge for each member of the family unit who applies for the visa with you.

Second instalment charge

You might have to pay an extra charge for any applicant 18 years old or older who has less than functional English and who does not hold an eligible visa when they apply. This charge is called the second instalment. This charge is only payable if you are requested to pay it and we send you an invoice.   

The second instalment charge for family members is AUD4,890.

You might also have to pay other costs for health checks, police certificates and biometrics.

The Visa Pricing estimator does not include the second instalment or other costs.

We can’t process your application if you do not pay the correct visa application charge. We will notify you if this is the case and if necessary return your application.

Apply from

You must be in Australia when you lodge your application. Your family can be in or outside Australia but not in immigration clearance.

You must hold an eligible visa to make a valid application for this visa.

Processing times

We assess applications on a case-by-case basis, and actual processing times can vary due to individual circumstances including:
•    whether you have lodged a complete application, including all necessary supporting documents
•    how quickly you respond to any requests for additional information
•    how long it takes to perform required checks on the supporting information provided
•    how long it takes to receive additional information from external agencies, particularly in relation to health, character, and national security requirements
•    for permanent migration visa applications, how many places are available in the migration program

Your obligations

You and your members of the family unit must obey all Australian laws.

We expect you to continue your business activity in Australia, or make a realistic commitment to doing so.

Travel

You can travel to and from Australia as many times as you want for 5 years from the date we grant this visa. After 5 years you will need a Resident Return (RRV) visa  (subclass 155 and 157) to re-enter Australia as a permanent resident. 

To see when your travel facility ends, use VEVO.

Visa label

We will digitally link your visa to your passport. You will not get a label in your passport.

Have an eligible visa

You must currently hold an eligible visa. Eligible visa means:

  1. You hold a visa in any of the following visa subclasses:
    • 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)
  2. Your current visa was granted to you on the basis that you, or your partner, or your former partner satisfied the primary criteria for the grant of that visa.

Meet the residence requirement

You must have been in Australia as the holder of an eligible visa for a total of at least 1 year in the 2 years immediately before the application is made. The 1-year period does not have to be continuous. 

Own and manage a business

For the 2 years immediately before you apply, you must have had, and continue to have, an ownership interest in one or more actively operating main businesses in Australia.

For each nominated main business you must provide evidence of:

  • ownership interest in the business
  • value of your ownership interest
  • for the 2 years immediately before you apply, the value of your ownership interest or the total value of the ownership interest of you and your partner, must have been at least:
    • 51% of a business with a turnover of less than AUD400,000 per year, or
    • 30% of a business with a turnover of AUD400,000 or more per year, or
    • 10% of a publicly listed company
  • that you had and continue to have, a direct and continuous management role in that business on a day to day basis (including periods when you are outside of Australia)
  • that each main business meets the criteria to be assessed as a qualifying business
  • obtained an Australian Business Number (ABN) for each of your main businesss (you can rely on a maximum of two ABNs)
  • provide evidence of portal process Business Activity Statements issued by the Australian Taxation Office

If you spent more than 6 weeks in total outside Australia during the 2 years, you must explain how you managed the business while you were away.

Meet the assets and employees requirement

Business Assets

At the time you apply and throughout the 12 months immediately before you apply, you must show that you and/or your partner had:

  • net business assets in the main businesses of at least AUD100,000 and those assets were lawfully acquired

Business Turnover

  • for the 12 months immediately before you apply, you must evidence annual turnover in your main business (or 2 main businesses together) of at least AUD300,000 

Employees

  • for the 12 months immediately before you apply you must provide evidence that the nominated main businesses employed 2 full-time employees or the equivalent of 2 full-time employees. Employees must be Australian citizens, permanent residents or New Zealand passport holders and you cannot include yourself or members of the family unit

Business and personal assets

At the time you apply and throughout the 12 months immediately before you apply, you must show that the net value of your and/or your partner’s net business and personal assets in Australia was at least AUD250,000.

Business Practices

You must not have engaged in business activities that are generally unacceptable in Australia.

Be this age

There is no age limit for this visa

Meet our health requirement

You must meet our health requirement and any member of the family unit who applies with you might have to meet our health requirement, depending upon their circumstances. In some circumstances you will not have to do medicals again.

You should not do medicals until we ask you to do so.

Meet our character requirement

You and the members of your family unit aged 16 years and over who apply for the visa with you must meet our character requirement. Members of your family unit not accompanying you to Australia must also meet the requirement.

Sign the Australian values statement

All applicants who are 18 years of age or older, must:

  • have read, or had explained to them, the Life in Australia and
  • confirm they will respect the Australian way of life and obey Australian laws when they sign an Australian Values Statement.

Have paid back your debt to the Australian government

If you, or any members of your family unit (including those who do not apply for the visa with you) owe the Australian Government money, you or they must have paid it back or arranged to pay it back.

Not have had a visa cancelled or a previous application refused

You might not be eligible for this visa if you have had a visa cancelled or refused while you were in Australia. 

get advice and assistance

We Will Help You Renew Your Student Visa On Time!

Here at Settlers Migration our team of migration agents can provide you with the appropriate guidance and advice so you can put forth the best application possible for any Visa you are going for.