BUSINESS OWNER VISA (SUBCLASS 890)

Business Owner Visa (Subclass 890) is a permanent resident visa which allows the holder to lawfully remain in Australia, and travel in and out of the country unlimitedly, for 5 years from the date the visa was granted. Eligible applicants are those business owners who have held a Business (Provisional) Visa for at least two years. These qualifying subclasses include Subclass 160, 161, 162, 163, 164, or 165.

After the initial visa expires, you must obtain a Resident Return Visa (RRV) if you wish to continue to travel to and from Australia as a permanent resident. Your spouse, children or dependents may be included in the application.

To be eligible for 890 Visa, you, your spouse/de facto partner, or both must:

(1) have held lawfully acquired assets of at least a net value of AUD100,000 in the business throughout the period of 12 months ending immediately before the date of the application;

(2) have a business turnover of at least AUD300,000 in the last 12 months prior to the application; and

(3) have employed at least 2 Australian citizens or permanent residents full-time not related to the applicant.

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