State or Territory Sponsored Business Owner 892

State Or Territory Sponsored Business Owner Visa (Subclass 892)

Subclass 892 VISA is for those people who want to manage and own a business in Australia and reside in Australia for indefinite period of time. State or territory sponsored business owner visa is beneficial for those, who already have:-

  • Business Owner (Provisional) visa (subclass 160)
  • State/Territory Sponsored Investor (Provisional) visa (subclass 165).
  • Senior Executive (Provisional) visa (subclass 164)
  • Business Owner (Provisional) visa (subclass 163)

Subclass 892 visa

This subclass 892 visa is released by the Queensland Government through Skilled Migration Queensland in collaboration with the Australian Government’s Department of Home Affairs.

Overseas travel

You can travel anywhere up to 5 years, and if your visa is going to expire and you wish to re-enter Australia, then you must go with Resident Return Visa subclass 155 and 157.

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Cost of subclass 892

The cost of this visa is AUD 2,450 only for you, but if you want to invite any family members with you, then you have to pay extra.

Eligibility Criteria

Well, this is a permanent residency visa, that allows you to stay for a longer time in Australia. In order to get this visa, you must understand the eligibility criteria business owner visa.

  • You need to show a genuine commitment to work and live in Australia.
  • You need to meet the requirements of the Department of Home Affairs.
  • You must provide proof that you are sponsored by the regional authority in the state where you actually going to start a new business.
  • Meet health and character requirements of this visa class.
  • You need to sign an Australian values statement, which means you will respect the Australian way of life.
  • If you and your family members owe the Australian Government money, then you have to pay it first and then try to apply under this subclass.

Application Process

Here are several steps of the application process of this business owner visa, that you have to follow. These include-:

  • You must check the eligibility criteria, visa conditions, and necessary documents.
  • If you want to get this visa, then you must register your interest first. After that, you will be able to apply under this category.
  • Higher Authorities, then ask you to show below-mentioned documents-:
    1. HA Form 1217
    2. Business Owner (Permanent) (subclass 892) visa application form
    3. Copy of your current Australian Visa
    4. HA Form 949
    5. All the Business Documents
    6. Net assets of you and your spouse
    7. Financial Documents
    8. Evidence of Employees
    9. Net Assets
  • Once you have done with documentation, then you need to pay an application fee to finalize your application. After that, BSMQ examine your application and then may invite you if they find your application suitable or genuine. However, you have to wait for 14 days from the date of the invitation.
  • After step 4 you will receive a signed copy of HA form via email, which will give you one year time in order to lodge your application.

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