Subclass 891 visa is designed for people who undertake business and/or investment activities in Australia. It allows the holder to stay in Australia indefinitely To be eligible, the primary applicant must hold one of the qualifying visas.
It is important to note this is a transitory visa which is no longer widely used by people with the same or similar credentials, because the qualifying visas have been repealed.
The primary applicant must be in Australia at the time they apply for an Investor Visa (Subclass 891), whilst the secondary applicants may be in or outside Australia. Other eligibility criteria include:
The primary applicant must have lived in Australia as the holder of a Subclass 162 - Investor (Provisional) Visa for a total period of at least 2 years within the 4 years immediately preceding the application submission. The 2 year period does not have to be continuous.
The primary applicant must have no history of unacceptable business activities.
The primary applicant and his or her married spouse together, must have held continuously for at least 4 years, in their names, the designated investment of $1,500,000. This investment was made for the purpose of satisfying the requirements for the granting of Subclass 162 visas.
The primary applicant must have a genuine and realistic commitment to continue a business or investment activity in Australia.
Public Interest Criteria
4001, 4002, 4003, 4004, 4005, 4007, 4009, 4010, 4015, 4015, 4019, 4020 and 4021.
Condition 8515: The holder of the visa must not marry or enter into a de facto relationship before entering Australia.
Applications charges are payable in 2 instalments.
Base application charge: $2,450
Additional applicant charge for an applicant who is at least 18: $1,225
Additional applicant charge for an applicant who is less than 18: $615
Additional applicants who do not demonstrate functional English: $4,890