Subclass 892: State Sponsored
Business Owner Visa
Subclass 892 visa is available to people who own and/or manage a business in Australia. This visa permits the holder to stay in Australia for an indefinite period of time. To be eligible, the primary applicants must hold the qualifying visa.
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which is no longer widely used by people with the same or similar credentials, because the qualifying visas have been repealed.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 a State Sponsored Business Owner Visa (Subclass 892), while secondary applicants may be in or outside Australia. Other eligibility criteria includes:
The primary applicant must have lived in Australia as the holder of an eligible visa for a total period of at least 1 year, in the 2 years immediately before the application is submitted. This 1 year period does not have to be continuous.
The main business must have a registered ABN and have submitted Business Activity Statements to the ATO for all requisite periods.
The main business must have a net accumulated value of $75,000 in assets throughout the last 12 months.
The main business must have an accumulated value of $200,000 in turnover in the last 12 months.
The main business must employ the equivalent of 1 full-time employee in the last 12 months who are Australian citizens, permanent residents or NZ passport holders.
The main business and personal assets must have the total value of $250,000 over the last 12 months.
The primary applicant must have no history of unacceptable business activities.
The primary applicant must be sponsored by the regional authority in the State or Territory where the main business operates.
Public Interest Criteria
4001, 4002, 4003, 4004, 4009, 4010, 4017, 4018, 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