State Sponsored Investor Visa
Subclass 893 visa is reserved for people who undertake business and investment activities in Australia. This visa allows the holder to stay in Australia on a permanent basis. To be eligible, the primary applicant must first hold the temporary visa that qualifies such lodgement.
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which is no longer widely used by people with the same or similar credentials, because the qualifying visas have been repealed.
A primary applicant must be in Australia at the time they apply for a State Sponsored Investor Visa (Subclass 893), 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 165 - State/ Territory Sponsored Investor (Provisional) Visa for a total period of at least 2 years out of the 4 years immediately before 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 $750,000 made for the purpose of satisfying the requirement for the granting of the Subclass 165 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