State or Territory Sponsored Investor 893

State Or Territory Sponsored Investor visa, Subclass 893 Visa

The State or Territory Sponsored Investor visa grants, investors, to live in Australia permanently. This visa allows you to continue investing in your business in Australia. To be entitled to this visa, you must have a Subclass 165 (provisional) State/Territory Sponsored Investor visa. The investor needs to have a designated investment in Australia for at least 4 years. Additionally, should have got the sponsorship by a territory or state authority.

Visa allows you to:

  • Stay in Australia permanently.
  • Avail the benefit of Australian medical care scheme.
  • Sponsor the relative to come to Australia.
  • Allows you to travel anywhere.

Note: Newly arrived citizens have to wait before they can use certain benefits and payments of Australian Government.

How long I can stay?

The permanent residency for the Subclass 893 Visa will start when the visa is granted (you need to be in Australia). In case you are outside, you enter on this visa in Australia.

Including family

  • When you register the visa application include them.
  • After lodging the application adds them but before the visa is decided.
  • Meeting the health and character requirements are important by your family

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Cost

For the main applicant, the visa cost is AUD2,450. There is an extra charge if the applicant is less than functional English (18 years or older). This is known as the second installment. This charge will be paid only if you are requested to and its cost is AUD4,890.

Obligations

  • The investor and your family members must obey the rules & regulations of Australia.
  • Meeting business obligations are important.

New Zealand passport holders

At the border if an immigration officer processes your clearance then you have to show:

  • You have a (subclass 893) State/ Territory Sponsored Investor visa
  • You do not need a (subclass 444) Special Category visa.

If you get the 444 visa, the permanent visa will be ceased which will affect the permanent citizenship eligibility.

Eligibility Requirement

  • Residence requirement
  • The investor should be the resident as the holder of the Subclass 165 State/Territory Sponsored Investor (Provisional) visa. The period should be 2 years and it doesn't need to be continuous.

  • Business requirement
  • You and your partner should not be involved in any unwanted business activity. For at least 4 years, there should be an investment of AUD750, 000 to fulfill the need of getting permission by the State/Territory Sponsored Investor visa (subclass 165).

  • Age Requirement
  • To get this visa there is no age requirement.

Step by Step process

Stage 1: Sponsorship Application

  • New holders in Entrepreneur VISA stream need to wait for their rights for Australian Government Payments and Benefits.
  • Our migration agents will show the evidence that you meet all the requirements.
  • Provided all the requirements are met, the application will be approved by the State or Territory. They will sponsor the applicant for the visa.

Stage 2: Visa Application

  • Once you provide the supporting documents and necessary information, the visa application will be lodged with the DIBP (Department of Immigration and Border Protection.
  • Meeting the character check, standard health, and providing the necessary evidence is the most essential part.
  • Once the visa application is allowed, a permanent visa will be granted.

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