State / Territory Sponsored Business Owner Visa (Subclass 892)
State/Territory Sponsored Business Owner Visa (Subclass 892) visa is similar to the Business Owner (Residence) Subclass 890 except that it requires sponsorship by an appropriate regional authority of a state or territory government of Australia. Other qualifying criteria are lower because of this sponsorship.
The 892 visa holder is allowed to :
• to own and manage a business in Australia
• sponsor eligible relatives for permanent residence
• apply for Australian citizenship, if eligible
Eligibility
1. The current holder of the following visa subclasses:
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Business Owner (Provisional) visa (subclass 160)
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Senior Executive (Provisional) visa (subclass 161)
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Investor (Provisional) visa (subclass 162)
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State/Territory Sponsored Business Owner (Provisional) visa (subclass 163)
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State/Territory Sponsored Senior Executive (Provisional) visa (subclass 164)
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State/Territory Sponsored Investor (Provisional) visa (subclass 165)
2. have lived in Australian on that visa for minimum 1 year in the 2 years immediately before the application is made while holding this visa
3. have owned and managed a business in Australia for at least 2 years immediately before the application is made
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