Business Owner Visa Lawyers (Subclass 890)
Getting a Business Owner Visa (Subclass 890) in Australia is difficult, but our expert immigration lawyers at CMI Legal will help you through the application process. Specialized in the 890 visa, we assist business owners in obtaining permanent residency in Australia through expert advice and assistance tailored to individual needs. Be it a provisional visa or one with complex business requirements, our dedicated team will ensure the smooth running of a successful application.
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What is the 890 Business Owner Visa?
The subclass 890 visa provides permanent residency to business owners in Australia. It allows the holders of the visa to live permanently in Australia if they have already had any provisional visas and have run a business in Australia successfully. This visa is intended for those in the areas of business with proven experience in managing a business and contributing to the Australian economy.
To be eligible, the applicant must have held a qualifying provisional visa, have required business experience for at least two years of owning and operating a business in Australia, and have met additional financial and operational criteria, such as minimum business turnover and net assets. This Subclass 890 visa gives more than permanent residence to people, it provides freedom without interference in business operations, access to Medicare, and eligibility for social security benefits. This visa opens the gateway for business entrepreneurs to live a secure life in Australia and contribute to its economic growth.
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Other Visa Requirements to Get a Business Owner Visa (Subclass 890)
Applications for a subclass 890 Business Owner Visa result from several specific provisional visas. All these provisional visas have requirements for an initial investment and require business management experience, while in some cases, state or territory sponsorship is needed.
Business Owner Provisional Visa (Subclass 160)
The Business Owner (Provisional) Visa, Subclass 160, is for business owners with a demonstrated history of success who wish to either establish or further develop a business in Australia. It requires applicants to prove substantial experience in business management and a significant ownership interest. This visa will allow business owners to establish that they can successfully operate a business in Australia and will lead to permanent residency through the 890 visa.
Senior Executive Provisional Visa (Subclass 161)
This is the Senior Executive Provisional Visa, subclass 161, for those senior executives with substantial experience in the management of a large business. Applicants are required to demonstrate experience in either business or as a high-level executive and to have the relevant business skills to manage a business in Australia. The visa will be mainly useful to those executives seeking to apply their experience in practice within the Australian marketplace.
Investor Provisional Visa (subclass 162)
The Investor Provisional Visa, Subclass 162 is for investors who are willing to invest in Australia. It applies to applicants with an excellent record in business or investment and has intentions of continuing investments already made in Australia. The visa provides the chance for investors to actually prove their commitment to the Australian economy and thereby opens the opportunity for qualification for getting an 890 Visa.
State/Territory Sponsored Business Owner Provisional Visa (subclass 163)
The State/Territory Sponsored Business Owner Provisional Visa is for business owners sponsored by any state or territory government in Australia. Applicants will be required to establish business success and commit to participating in the management of a business in Australia, under the sponsorship of a state or territory. This sponsorship indicates your potential to contribute significantly to the local economy.
State/Territory Sponsored Senior Executive Provisional Visa (Subclass 164)
This visa is for senior executives who have State or Territory Government sponsorship, and who wish to bring their business skills into the country. The applicants must show the ability to provide a significant contribution at some level to an Australian business. State or territory sponsorship is a requirement and will emphasize your ability to make a regional economic contribution.
State/Territory Sponsored Investor Provisional Visa (Subclass 165)
The State/Sponsorship Investor Provisional Visa, subclass 165, is for investors sponsored by a state or territory government in Australia. It is issued to those who are successful in business and investment and have sufficient funds to invest in Australia. This visa works more like the predecessor of the Subclass 890 and offers interested investors the opportunity to set up their economic presence and get permanent residence.
Eligibility Requirements for an 890 Business Owner Visa in Australia
Several eligibility criteria have to be met to help with the application for a Business Owner Visa, subclass 890. These requirements are in place to provide an applicant with substantial background and financial stability and show dedication towards the running of a successful business in Australia.
Nomination By A State
The basic eligibility criteria for a subclass 890 visa is that you have held a qualifying provisional visa, for example, a Business Owner Provisional Visa, subclass 160, for at least two years. This ensures that a person has already been tested for being capable of running a successful business and contributing to the Australian economy, hence being ready for permanent residence.
Business Ownership and Operation
You will be required to have operated an eligible business in Australia for at least two years before applying. This requirement is placed for you to obtain practical experience in running a business that will be relevant to the local economy and hence turns into one of the basic determining factors for the successful application of a Subclass 890 visa.
Financial and Turnover Requirements
Your business should be able to meet certain financial requirements, such as earning a substantial turnover every year, usually more than AUD 300,000, with net assets in the business of at least AUD 250,000. This will establish the economic viability of your business and your ability to maintain it. Our business visa lawyers can help you become familiar with these monetary standards.
Compliance With The Australian Taxation Laws
All applicants must comply with all the taxation laws of Australia. This includes submitting their Business Activity Statements and tax returns to the Australian Taxation Office. It will, in turn, show that you are very serious about running your business on ethical and lawful grounds. These are essential for the 890 visa application. Our immigration lawyer can help one go through such legal needs.
Residency Requirements
You would have to be living in Australia for at least 12 months in the two years immediately preceding the date of application. It would mean that you would be able to fit into Australian society and also establish your actual commitment to living and contributing to it. You may seek our visa lawyer's assistance in keeping proper records of documents for your residency status.
Documents Checklist for Business Owner Visa (Subclass 890)
While making an application for a Business Owner Visa, subclass 890, be ready to lodge a comprehensive set of documents in support of the application.
Financial Statements and Records
Provide two years' financial statements showing your business's financial health and performance.
Personal Asset Records
Submit proof of assets, including property deeds, bank statements, and investment records.
Business Registration and Ownership
Submit Australian business registration and ownership proof, including certificates and agreements.
Visa Documentation
Provide current provisional visa evidence and eligibility documents for Subclass 890.
Proof of Identity
Verify your identity with a passport, birth certificate, and official identification.
Benefits of the Work Visa 890 Business Owner Visa
This subclass 890 business owner visa gives several benefits to the business owner who desires to make Australia his or her long-term home. Apart from allowing you to continue running your business, this type of visa comes with several benefits that give you improved living standards and prospects.
Permanent Residency
The Business Owner Visa, Subclass 890, enables permanent residency in Australia. This allows you to live in Australia indefinitely and provides the security and stability that come with permanent residency. The family members included in your application will also be permanently residing in the country and will be able to share all these benefits with you while building their future in Australia.
Work and Study Rights
Subclass 890 visa holders can work and study freely in Australia. You are free to apply for any work or employment without the restriction that a provisional visa often carries. You and your family can enrol in the Australian education system, which will open a sea of opportunities for personal and professional growth.
Access to Medicare
As a permanent residence visa holder through the Business Owner Visa, Subclass 890, you will be entitled to Medicare, Australia’s public health care system. This will give you access to medical services and treatments, thereby ensuring that you and your family get the healthcare they need without financial strain, therefore contributing to a higher quality of life.
Social Security Benefits
You will also be entitled to some of the social security benefits associated with this Subclass 890 visa, including monetary and any other forms of assistance programs that might be effective for residents in times of hardship. This can give you and your family some significant safety and security in being looked after during such occasions.
Pathway to Citizenship
The most significant benefit that this subclass 890 Business Owner visa can give you is that it will ultimately provide a direct pathway to Australian citizenship. You will be able to apply for citizenship once you have met your residential requirements and are of good character. Through this process, you will be entitled to all the rights and benefits, just like any other citizen of Australia, such as voting and having an Australian passport.
Here is Our Process For Business Visa Application
Consultation and Engagement
Start by arranging a meeting with the immigration lawyer who has expertise in this field, and they will give you customized assistance. They will perform an evaluation of your case and the complexities of the process, and they will acquaint you with the process. Upon the completion of the meeting, they will promptly send you an engagement letter or an agreement detailing the terms and conditions of your legal representation, so that all parties involved have a firm grasp on the commitment.
Preparation and Support
This requires your lawyer to prepare a set of documents and to collect strong evidence. These proofs may include joint bank account statements, shared lease or mortgage documents, and personal statements from friends and family. This preparation stage is an essential element of the whole procedure, because the quality of application can provide a basis for a fair consideration..
Submission and Communication
This is the stage where you and your attorney file your application with the Australian Department of Home Affairs. They will review your paperwork and make sure it complies with all applicable laws and regulations. The lawyer will be working closely with the department and maintaining communication with you during this waiting period, which may be longer, and will give additional information.
Representation and Success
You may, for instance, be required to provide additional information or submit to an interview by the Department of Home Affairs. And if so, your lawyer will prepare you for this and represent you if the need arises. They’re the one who is there for you, and they are the ones who bring out the best in you so that they can better present you to the college. They will advise you on the outcome of the decision and would review the details to guide you on the best choice, may it be an appeal or new application.
Why Should You Choose Us As Your Lawyer for Business Owner Visa Application?
Navigating all the complexities of applying for a Business Owner Visa, Subclass 890, on your own can be very challenging. Our well-experienced team of immigration lawyers can help make your process smooth. Here’s why you should choose us for your business visa application:
Expertise and Experience
Our immigration lawyers have extensive experience with business visa applications. We know the Australian Immigration laws and regulations inside out to ensure that your application is thoroughly prepared and correctly lodged. The expertise of our lawyers proves our proficiency and commitment to delivering excellence. Trust us to successfully guide you through the complex visa process with ease.
Customized Service
We believe in personalized service, catering to your unique situation. Our team will take time to understand your particular needs, business goals, and concerns. Such an individualistic approach to service delivery helps us provide customized solutions where every aspect of your application is thoroughly handled. Our dedicated business visa lawyer will prioritize your interests and put effort into achieving the best possible result.
Full Support
Our services cover all activities, from consultation to the delivery of the final visa. The services include an assessment of eligibility, the preparation of all documents, and coordination with immigration authorities. Be it queries, problems, or advice, we are here to help at every step of your journey. Let our visa lawyers guide you every step of the way.
High Success Rate
One of the key reasons to choose us is that we have one of the highest success rates for securing business visas for our clients. Our careful attention to detail, strategic manner, and full knowledge of application requirements significantly improve the chances of success. Our business visa lawyers are fully dedicated to helping you realise your dream of permanent residency in Australia.
Transparent and Client-Centric Approach
Transparency and client satisfaction are at the core of our services. Our visa lawyers maintain open and transparent communication with all our clients to make sure you understand the status of your case at all times. We will keep you updated and give you honest advice. We want to ensure you have a transparent, client-centered experience as your representative lawyer.
FAQs on Business Owner Visa (890)
Can I Include Family Members Under a Business Visa 890?
Yes, you can include family members like your spouse or de facto partner and dependent children in your application for a Business Owner Visa Subclass 890. They will also be granted permanent residency, which means that they can live, work, and study in Australia.
How Long Can I Stay in Australia With a Business Visa 890?
The Business Owner Visa, Subclass 890, offers the visa holder permanent residence in Australia. With this type of visa, you will be able to live, work, and run your business in Australia indefinitely. You can also be eligible to apply for citizenship in the long run.
Can I Travel in Australia With a Business Visa 890?
Yes, you can enter and depart from Australia as many times as you wish for five years from the date the Business Owner Visa, subclass 890, is granted. After five years, one can apply for a resident return visa (RRV) to continue having the travel privilege.
How much money is required for business immigration to Australia?
The money required for immigration to Australia for business purposes is visa-subclass specific. Normally, you will be required to have some substantial funds, not less than AUD 250,000 in business assets, and evidence of an annual business turnover of AUD 300,000.
How to migrate to Australia as a business owner?
To migrate to Australia as a business owner, an application needs to be made under one of the provisional visas, such as the Business Owner Visa (Subclass 160). Then, after doing business in Australia for a required period, apply for the Business Owner Visa (Subclass 890) for permanent residency.
Can I own a business in Australia as a foreigner?
Yes, one can own a business in Australia as a foreigner. However, you will have to apply for an appropriate visa, such as a business or investor visa. You need to provide proof of business experience, financial capability, and the likelihood of contributing to the Australian economy.
Is it difficult to get an Australian business visa?
The Australian business visa may be rather difficult to get, given the strict requirements and highly careful selection process. However, if you prepare appropriately, get your documents in order, and seek advice from our immigration lawyer, you can increase your chances of getting your application approved.
Can a non-citizen own a business in Australia?
Yes, a person who is not a citizen can establish and operate a business in Australia. However, the non-citizen needs to apply for an appropriate visa, like a business visa, to enable him/her to manage her/his business activities legally. This avoids a breach of Australian business and immigration laws.
Can a temporary visa holder own a business in Australia?
Yes, a person with temporary status can own a business in Australia only if their visa permits them to do so. For instance, any provisional business visa holder, like Subclass 160 visa holders, can set up and run a business. Consult our visa lawyers to make sure you are not breaching your visa conditions or business requirements.
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Our expert migration lawyers offer paid consultations to suit your needs—choose a quick 15-minute session for general advice or a comprehensive 45-minute session for in-depth discussion and tailored guidance.