Business owner visa subclass 890 and Business Talent Permanent Visa Subclass 132 are two Australian immigration visas for individuals who want to establish or purchase a business in Australia. The Business owner visa subclass 890 is intended for individuals who have already owned and managed a business in Australia for a minimum of two years and wish to continue to do so. To be eligible for this visa, applicants must meet certain criteria, such as having a successful and ongoing business with a high net worth and a good business and personal record.
The Business Talent Permanent Visa Subclass 132 is for individuals with a proven business track record and high business skills.
About Business Owner Visa Subclass 890
This visa is for individuals who have owned and managed a business in Australia for at least two years and want to continue to do so. To be eligible for this visa, you must also meet certain criteria, such as:
- Having a successful and ongoing business in Australia
- Being able to demonstrate that the business has a high net worth
- Having a good business record and personal character
Eligibility Criteria for Business Owner Visa Subclass 890
To be eligible for the Business Owner Visa (Subclass 890), you must meet the following criteria:
- Business ownership: You must have owned and managed a business in Australia for at least two years immediately before the visa application.
- Net worth: You must demonstrate that your business has a high net worth and is financially stable.
- Business record: You must have a good business record and a history of complying with Australian laws and regulations.
- Personal character: You must meet the character requirements of the Australian government, including a police clearance certificate from any country in which you have lived for a total of 12 months or more in the past 10 years.
- English language proficiency: You must have sufficient English language proficiency to participate in the business effectively.
- Residency: You must be residing in Australia when you apply for the visa and hold a valid substantive visa or a bridging visa that allows you to stay in Australia.
- Nomination by an Australian state or territory government agency: You must be nominated by an Australian state or territory government agency.
About Business Talent Permanent Visa Subclass 132:
This visa is for individuals with a proven business track record and high business skills. The visa is divided into two streams:
- The Significant Business History stream is for individuals who have owned and managed a business with an annual turnover of at least AUD 1 million for at least two of the four years preceding the application.
- The Venture Capital Entrepreneur stream is for individuals who have received venture capital funding from a member of the Australian Venture Capital Association Limited (AVCAL) to start a high-growth potential business in Australia.
Business owner visa subclass 890 and business talent permanent visa subclass 132 provide a pathway to permanent residency in Australia and allow visa holders to own and operate a business, study and live in Australia. The visa application process for both visas involves a rigorous assessment of the applicant's business and personal circumstances, including financial and character requirements.
It's important to note that both of these visas have specific requirements and criteria that must be met, and the process of applying for them can be complex. It is recommended to seek professional immigration advice to help assess your eligibility and guide you through the application process.
