Business owner visa subclass 890: A step-by-step guide

Australia’s Business Owner visa (subclass 890) is designed to allow Australian businesses to bring in skilled employees from overseas to help them start up and grow their businesses. If you’re looking to migrate to Australia on a Business Owner visa, it’s important that you understand the process and what you can do to increase your chances of approval. In this article, we’ll break down everything you need to know about the business owner visa subclass 890 so that you can make an informed decision as you go through the application process.

Applying for the business owner visa subclass 890

So you want to apply for the business owner visa subclass 890? Well, the process is more complex. It will take a lot of time and effort, but it will be worth it in the end. Here is what you need to do:

1. Find an eligible business partner - You cannot apply for this visa alone, so you'll need to find someone who can be your business partner and qualify for this visa.
2. Invest at least AUD200,000 - The investment requirement to be eligible for this visa is AUD200,000 (at least $200K).
3. Get approval from Australian immigration officials - Approval from Australian immigration officials is essential because they have an ultimate say on whether or not you're granted the visa.
4. Wait for an invitation from Australia's Department of Immigration and Border Protection.

As you can see, it takes work to apply for the business owner visa subclass 890. This is why it encourages those who want to apply for a business owner visa to hire a professional migration agent to help them with their application. The benefit of working with an experienced and professional migration agent is that they can advise you on all aspects of your application and ensure your application will get approved.

The application process

Although you do not need to be an Australian resident to apply for the Business Owner Visa, you will need to meet some eligibility requirements. One requirement is that your business brings economic benefits to Australia and be registered in Australia. The other is that your business must create at least two full-time jobs for Australians; just like for business talent permanent visa subclass 132.

The next steps are to fill out all of the appropriate forms and submit them with supporting documentation as per what's required on each form. Once these have been submitted, it can take up to 12 weeks to hear back from authorities about your application's success.

After you apply

If accepted, you'll need to enter Australia within 12 months of the date on your approval letter. You can apply for a Bridging Visa E (BVE) with the Department of Immigration and Border Protection (DIBP). You'll need to prove that you have enough money to support yourself in Australia.

The DIBP will also want to see your business established in Australia and generating an income. They may ask for documents such as bank statements or receipts of expenditure. In most cases, if the information provided shows you are complying with all the requirements, you'll be granted a BVE, which will give you temporary residency until your permanent resident application for Business Owner visa subclass 890 has been processed.

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