Business Owner Visa (Subclass 890)

The Business Owner Visa (Subclass 890) lets people who own and manage a business in Australia to stay permanently.

State sponsored business owner visa
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Business Owner Visa (Subclass 890)

The Business Owner Visa (Subclass 890) is a permanent visa for people who own and manage a business in Australia. To apply as a primary applicant, you must have a qualifying visa granted on a particular basis.

What are the requirements for the 890 Visa?

You may be eligible for this visa if you hold one of the following provisional visas granted on the basis that you or your current or former spouse or de facto partner satisfied the primary criteria:

  • Business Owner (Provisional) Visa (Subclass 160).
  • Senior Executive (Provisional) Visa (Subclass 161).
  • Investor (Provisional) Visa (Subclass 162).
  • State/Territory Sponsored Business Owner (Provisional) Visa (Subclass 163).
  • State/Territory Sponsored Senior Executive (Provisional) Visa (Subclass 164).
  • State/Territory Sponsored Investor (Provisional) Visa (Subclass 165).

Further, you must also meet the below criteria to be eligible for the 890 Business Owner Visa:

  • Meet the residence requirement. This means that you must have been in Australia as an eligible visa holder for at least a total of 1 year in the 2 years immediately before the application is made.
  • Be able to demonstrate that your business meets all the necessary requirements in relation to ownership, acquisition, turnover and management.
  • Meet the assets and employees requirement. This is satisfied if you and your partner can show net business assets are lawfully acquired and constitute at least $100,000 in the main business, the main business(/es) annual turnover is $300,000, you have at least the equivalent of 2 eligible full-time employees in your main business, you have at least $250,000 in assets and you have not engaged in unacceptable business practices in Australia.
  • Your immigration history can affect your eligibility. If you are unsure whether your immigration history will affect your eligibility, it is best to contact a registered migration agent or legal practitioner.
  • You must owe no debt to the Australian government.
  • You and all your family members meet health and character requirements.

What are the costs associated with applying for the 890 Visa?

Below are the visa application fees required by the Department of Home Affairs and other costs involved in submitting an 890 Visa application. Fees can increase without notice, so the actual fees can vary at the time of application. We have outlined the applicable fees that are likely to be incurred for the Business Owner Visa (Subclass 890) in Australian Dollars. Contact us to learn more about our professional fees.

Department of Home Affairs Business Owner Visa (Subclass 890) application fees are:

  • Primary applicant – $2,890
  • Adult dependent (18 and over) – $1,445
  • Child dependent (under 18) – $720
  • Second instalment – $4,890 (if applicable)
  • Credit card surcharge (if applicable).

Other fees that may be applicable:

  • Our professional fees (as applicable).

What are the benefits of the 890 Visa?

This is a permanent residence visa. It lets you and any family members who have also been granted this visa:

  • Stay in Australia indefinitely.
  • Work and study in Australia.
  • Enrol in Medicare, Australia’s scheme for health-related care and expenses.
  • Apply for Australian citizenship (if eligible).
  • Sponsor eligible relatives for permanent residence.
  • Travel to and from Australia for five years from the date the visa is granted (after that time, you will need a resident return visa or another visa to return to Australia).

How we can help you?

At Better Life Migration, we provide expert guidance in securing a business visa tailored to your specific needs. Our experienced team offers comprehensive support, ensuring you understand and fulfil the requirements to obtain a business visa in Australia. From submitting your application to liaising with immigration authorities, we manage the entire process with efficiency. With years of experience and a proven track record, we simplify the journey, ensuring you can focus on your business.

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