Business Owner Visa (Subclass 890) – Australia

The Business Owner Visa (Subclass 890) allows successful business owners already operating in Australia to apply for permanent residency. This visa is designed for entrepreneurs who have been running an established business on a provisional visa and now wish to settle permanently. For those holding a Subclass 160–165 provisional visa, the Subclass 890 provides the opportunity to secure long-term residency while continuing to grow their business.

Key Requirements for Subclass 890 Visa

To qualify for the Subclass 890 visa, applicants must meet the following criteria:

• Visa Eligibility: You must already hold a qualifying provisional business visa.

• Business Ownership: Maintain ownership of a business in Australia that meets turnover and asset requirements.

• Business Performance: Demonstrate annual turnover and proof of sound financial performance.

• Residency Requirement: Have lived in Australia for at least one year in the two years immediately before applying.

• Compliance with Laws: Ensure your business complies with all Australian taxation, workplace, and legal regulations.

• Health and Character: Provide police clearances and undergo medical checks.

• Documentation: Submit proof of business ownership, financial statements, tax records, and residency documents.

• Future Plans: Show your commitment to expanding your business and living in Australia long-term.

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Benefits of Subclass 890 Visa

• Permanent residency in Australia.

• Freedom to live, work, and study indefinitely.

• Access to Medicare and other government services.

• Ability to expand or establish new businesses.

• Eligibility to apply for Australian citizenship (if requirements are met).

• Option to include eligible family members in the application.

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Application Process

1. Gather Documents – Business ownership papers, financial statements, tax returns, residency records, ID documents, police certificates, and health checks.

2. Lodge Application – Submit your application online via the Department of Home Affairs’ ImmiAccount.

3. Pay Fees – The visa fee is approximately AUD 2,890 (subject to change).

4. Processing – The Department of Home Affairs will assess eligibility and documentation (processing times vary).

5. Decision – If successful, you will be granted permanent residency and issued a visa grant notice.

Common Challenges

• Incomplete or inconsistent financial documentation.

• Failure to meet annual turnover or asset requirements.

• Non-compliance with taxation or employment laws.

• Issues with medical or character checks.

To avoid these issues, applicants are advised to seek professional migration guidance.

How PIML Education Consultant Can Help

At PIML Education Consultant, we specialize in guiding business owners through the Subclass 890 visa process. Our services include:

• Assessing eligibility based on your business and residency status.

• Assisting with documentation and financial proof.

• Ensuring compliance with Australian laws and visa conditions.

• Providing professional support to maximize approval chances.

With our expertise, you can confidently apply for permanent residency and secure your future in Australia.

Frequently Asked Questions (FAQ)

Q1. What are the financial requirements for the Subclass 890 visa?
You must demonstrate adequate business turnover and maintain significant net assets in Australia. Requirements may vary, so check the latest Department of Home Affairs guidelines.

Q2. Can my application be refused?
Yes. Refusals may occur due to missing documents, financial shortfalls, or non-compliance. However, applicants may request a review or reapply with corrected information.

Q3. How is Subclass 890 different from Subclass 132?

• Subclass 132 (Business Talent Visa) – Direct permanent residency for experienced and high-level business owners.

• Subclass 890 (Business Owner Visa) – For provisional visa holders who have already established a business in Australia.

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With PIML Education Consultant, you get a trusted partner to simplify the visa process and help you achieve your Australian business and residency goals.