Y-Axis offers a lot of services with regard to facilitating Visas for the customers. In fact, you can get information about different Visa categories if you visit the website of the company. One of the popular services provided in this regard is the Business Owner Visa under Subclass 890. This Visa is meant for people who own a business establishment in Australia and permits them to get a permanent resident status in Australia and citizenship after a brief period.
Before you apply for this Visa, you need to check whether you are eligible for it. You would have to submit documents pertaining to your business as well as company assets along with the application form which is filled up in the proper manner. Apart from these documents, you are required to submit personal documents also. If you visit Australia on a Provisional Visa (Subclasses 160-165), you are supposed to be eligible for applying for Business Owner Visa, and subsequently convert it to a permanent resident Visa.
The main highlights of this kind of Visa are that you can extend your stay in Australia for an indefinite period of time, and can work and study there. Further, you can get enrolled yourself in Medicare, which is a scheme concerning healthcare solutions and related expenses. Additionally, you can apply for an Australian citizenship, provided all the eligibility conditions are satisfied. This Visa also makes you eligible to travel to and fro from Australia for a period of five years starting from the date on which the Visa has been granted.
There are many conditions to be satisfied to become eligible for this type of Visa. You must be a resident of Australia at least 12 months during the past five years, and fulfill all the requirements related to character and health, and also a business.
- Stay in Australia indefinitely.
- Work and study in Australia.
- Enroll in Medicare, Australia’s scheme for health-related care and expenses.
- Apply for Australian citizenship (if you are eligible).
- Sponsor eligible relatives for permanent residence.
- Travel to and from Australia for five years from the date the visa is granted.
- You must hold one of the provisional visas subclasses 160-165.
- Must have lived in Australia for at least 12 months in the past 2 years.
- Meet the Health and Character requirements.
- Meet the business requirements.
- Have direct and continuous management of up to 2 businesses operating in Australia for past 2 years.
- Meet one of the specified share percentage requirement as per the business turnover.
- Your business had a turnover of at least AUD 300,000 during the past year.
- Meet the net asset requirement.
- Your business employed 2 full-time employees who are either Australian Citizen or Permanent Resident or New Zealand Passport holder and not members of your family.
- The application cost for Business Owner Visa (Subclass 890) is AUD 2225
- Process timeline: Not mentioned – Process time varies case-to-case basis.
- Location: You must be in Australia when you lodge your application. Your family can be in or outside Australia.
- Family: Your partner or child can be included after the visa is lodged (but before it is granted), you can update department as soon as possible.
- Eligibility: You have lived in Australia on this visa for at least 12 months in the last 2 years.
Our deliverables if registered for an Australia Investor visa process:
- You will be assigned a Registered migration agent soon from our office in Melbourne Australia who shall initiate your application process after your details are checked by our agent and receiving a signed service agreement.
- You will also be assigned a Process executive from India, who will be assisting your Registered Migration Agent to coordinate with you and providing required assistance on the application documentation and related queries with RMA’s consent and approval.
- Advise on the complete process stage-wise by RMA.
- Provide you the document checklist stage-wise and assisting you with the requisites and the alternatives.
- Provide documents samples and assist you with inputs wherever necessary.
- Representing your file and submission of your application with the concerned Australian immigration department.
- Advise on health and character requirements.
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We will connect you to a Y-Axis Consultant ASAP.