1. What is the purpose of the Business/Investor Visa 891?

The Business/Investor Visa 891, also known as the Business Innovation and Investment visa, is designed to attract successful business owners and investors from overseas to contribute to the Australian economy. It allows individuals to establish or manage a business, or invest in an existing business in Australia, while also providing a pathway to permanent residency for themselves and their family members. The purpose of this visa is to stimulate economic growth and job creation in Australia through increased investment and innovation.

2. Who is eligible to apply for a Business/Investor Visa 891?

Eligibility for a Business/Investor Visa 891 varies based on the specific stream within this visa category. Generally, applicants must meet the following criteria:

1. Be at least 18 years old.
2. Have an eligible business or investment activity in Australia.
3. Have a valid and qualifying Business Skills Provisional (subclass 162) visa, Investor Retirement (subclass 405) visa, Special Category (subclass 444) visa or Special Category New Zealand Citizen (subclass 444) visa.
4. Have held an ownership interest and had an active role in managing a business in Australia for at least two out of the four fiscal years immediately before applying.
5. Meet specific asset and turnover requirements related to the business or investment activity.
6. Meet character and health requirements.
7. Have a genuine commitment to continue your involvement in the eligible business or investment activity in Australia after being granted the visa.

Additional eligibility requirements may apply depending on the specific stream within this visa category that you are applying for. It is important to carefully review all eligibility criteria before submitting your application.

3. What are the requirements for a Business/Investor Visa 891?

The requirements for a Business/Investor Visa 891 are as follows:

1. Age: You must be under the age of 55 years old, unless you received an exemption from a state or territory government.

2. Business experience: You must have managed and owned a business or multiple businesses with a turnover of at least AUD 500,000 for two out of the last four fiscal years before you apply.

3. Investment: You must have a net value of at least AUD 800,000 in assets that was obtained legally and can be transferred to Australia within two years of being granted your visa.

4. Qualifications: You must show that you have attained tertiary level qualifications in business or related fields (such as economics, marketing, finance, etc.).

5. Nomination by State/Territory government: You must be nominated by an Australian state or territory government agency.

6. Investment in designated investment option: Within six months of entering Australia on your visa, you must invest at least AUD 750,000 in your designated investment option.

7. Meet health and character requirements: You and any family members included in your application must meet health and character requirements set by the Australian government.

8. English language proficiency: You must provide evidence that you meet the English language proficiency requirement unless you are exempted based on your citizenship or education qualifications.

9. Health insurance: You and your family members must have adequate health insurance while in Australia.

10. Meet financial obligations: You must pay all costs associated with applying for the visa and any additional costs associated with settling in Australia.

11. Have no outstanding debts to Australian government entities: If you have any outstanding debts to the Australian government entities, then they need to be paid before applying for this visa.

It is important to note that meeting these requirements does not guarantee approval for the Business/Investor Visa 891. The Department of Home Affairs will assess each application on a case-by-case basis and may request additional documents or information if necessary.

4. Is there an age limit for applicants of the Business/Investor Visa 891?

There is no specific age limit for applicants of the Business/Investor Visa 891. However, applicants must meet the requirements and demonstrate that they have a genuine commitment to maintain a management and ownership interest in an eligible business or investment in Australia. They must also possess sufficient funds and assets to settle in Australia and support themselves and their dependents.

5. How much investment is required for a Business/Investor Visa 891?

The minimum investment requirement for a Business/Investor Visa 891 is AUD$1,500,000 (approximately USD$1.1 million). This investment must be made in a Commonwealth, state or territory government security and held for a period of four years.

6. Can I bring my family members with me on a Business/Investor Visa 891?

Yes, you can bring your family members with you on a Business/Investor Visa 891. Your spouse or de facto partner and children under the age of 18 can be included in your visa application as dependents. They will have the same rights as you do while living and studying in Australia.

If you have adult children or other family members who wish to join you, they will need to apply for their own visa based on their relationship with you. This could be a dependent child visa, parent visa, or other family sponsorship visa.

It is important to note that your family members must meet Australia’s health and character requirements and provide evidence of their relationship to you in order to be included in your application. Additional fees may also apply for each family member included in your application.

7. Do I need to demonstrate business experience for this visa?

Yes, you will need to demonstrate that you have relevant business experience, preferably at a high level, in order to be eligible for this visa. This could include previous experience as a successful business owner or manager, or experience working in a senior position in a similar industry. You will also need to provide evidence of your skills and expertise in the field in which you plan to invest.

8. Can I include my family members on my visa application?
Yes, you can include certain family members, such as your spouse and children under the age of 18, on your visa application. They will also need to meet certain eligibility requirements and may be subject to additional fees.

9. Will I be able to work in Australia with this visa?
Yes, this visa allows you to live and work in Australia for up to four years. However, the primary purpose of the visa is for managing and developing your investment activities.

10. Is there a limit on how many Business Innovation and Investment visas are granted each year?
No, there is no set limit on the number of Business Innovation and Investment visas granted each year. However, there are criteria and requirements that must be met for each individual application.

8. What type of business activities are acceptable for this visa?

The H-1B visa is designed for foreign professionals with specialized knowledge or advanced education to come to the United States and work in a specialty occupation. This includes positions in fields such as science, engineering, mathematics, technology, finance, accounting, architecture, medicine, and education. The work must require at least a bachelor’s degree or equivalent in a specific field of study.

Acceptable business activities for this visa may include research and development projects, software development, consulting services for specialized industries, teaching or conducting research at an academic institution, healthcare services, financial analysis and management positions, engineering projects and other technical roles. Additionally, individuals with an H-1B visa are allowed to engage in incidental activities that are considered necessary to perform their primary job duties.

9. How long can I stay in Australia on a Business/Investor Visa 891?

The length of your stay will depend on the specific type of Business/Investor Visa 891 that you hold. The different subclasses have varying lengths of stay:

– Business Innovation and Investment (Provisional) Visa (subclass 188): This visa allows you to stay in Australia for up to four years and three months. After this time, you may be eligible to apply for a permanent Business Innovation and Investment (Permanent) Visa (subclass 888).
– Business Talent (Permanent) Visa (subclass 132): This visa allows you to stay in Australia permanently.
– Investor Retirement Visa (subclass 405): This visa is valid for a period of four years, with the opportunity to renew it every four years as long as the eligibility requirements continue to be met.

It is important to note that while these are the standard lengths of stay, your specific circumstances and requirements may impact your ability to remain in Australia under your chosen business or investment visa. It is advisable to regularly check the Australian Department of Home Affairs website for any updates or changes to these policies.

10. Are there any restrictions on working with this visa?

You may not engage in non-academic or non-research activities that are unrelated to your program of study or research project. You are also prohibited from working off-campus, unless you have received prior authorization from the International Student and Scholar Services office.

11. Can I extend my stay or apply for permanent residency with this visa?

Yes, you can extend your stay or apply for permanent residency with this visa. Depending on the specific visa you have, you may be able to extend your stay by applying for a new visa or by changing to a different visa category. You may also be eligible for permanent residency after meeting certain requirements set by the government, such as living in Australia for a certain amount of time and meeting character and health requirements. It is important to consult with an immigration lawyer or the Department of Home Affairs for specific information and guidance on extending your stay or applying for permanent residency.

12. Do I need to have a clean criminal record to be granted this visa?

Yes, you will need to have a clean criminal record in order to be granted this visa. Immigration authorities will conduct background checks and any history of criminal activity could result in your visa application being denied.

13. Will I be allowed to study while on a Business/Investor Visa 891?

– 14. How do I apply for a Business/Investor Visa 891?
– 15. Is there any specific requirement when applying for a Business/Investor Visa 891?

1. What is a Business/Investor Visa 891?

A Business/Investor Visa 891 is a subclass of Australian visa that allows business owners and individuals who have invested in Australia to stay and work in the country permanently.

2. Am I eligible to apply for a Business/Investor Visa 891?

To be eligible for a Business/Investor Visa 891, you must:

– Be nominated by an Australian state or territory government agency
– Have held a provisional business visa (subclass 162,163,164,165,165a,16 or subclass 167) for at least one year within four years before applying
– Hold a qualifying investment of at least AUD$500,000 that was made by you or your spouse/de facto partner within four years prior to lodging your application
– Demonstrate an overall successful record of managing businesses or investments in Australia

Additional requirements may vary depending on the particular stream under which you are applying.

3. What are the streams under which I can apply for a Business/Investor Visa 891?

There are three streams under which you can apply for this visa:

– Investor stream: For individuals who have held the Investor (Provisional) visa (subclass 162) and have maintained their investment in Australia for at least four years.
– Significant investor stream: For individuals who have held the Significant Investor (Provisional) visa (subclass 188) and have made significant investments in Australia.
– Entrepreneur stream: For individuals who have established and operated a business in Australia with an annual turnover of at least AUD$300,000.

4. Do I need to be sponsored by someone to apply for a Business/Investor Visa 891?

No, you do not need to be sponsored by anyone to apply for a Business/Investor Visa 891. However, you must be nominated by an Australian state or territory government agency.

5. What is a qualifying investment and how much do I need to invest to be eligible for a Business/Investor Visa 891?

A qualifying investment is any formal active business or investment activity that generates a return which can contribute to the Australian economy. You must invest at least AUD$500,000 in this qualifying investment within four years prior to lodging your visa application.

6. Can I include my family members in my application for a Business/Investor Visa 891?

Yes, you can include your spouse/de facto partner and dependent children in your application for this visa.

7. Are there any English language requirements for a Business/Investor Visa 891?

No, there are no English language requirements for this visa. However, it may be beneficial to have basic English skills as it can help with settling into life in Australia.

8. Can I work while on a Business/Investor Visa 891?

Yes, you are allowed to work in any field or occupation while on this visa.

9. How long does it take for the processing of a Business/Investor Visa 891?

Processing times will vary depending on the stream under which you are applying and the current workload of the Department of Home Affairs. It is recommended to check their website for updated processing times.

10. Do I need health insurance while on a Business/Investor Visa 891?

Yes, you will need health insurance while living in Australia on this visa. You will also need it when you arrive in Australia as part of the conditions of entry into the country.

11. Can I have access to Medicare while on a Business/Investor Visa 891?

No, you will not have access to Medicare unless reciprocal healthcare arrangements exist between Australia and your country of citizenship.

12. Is there a minimum stay requirement for a Business/Investor Visa 891?

No, there is no minimum stay requirement for this visa. However, once granted, it is expected that you will live in Australia for the majority of the time.

13. Will I be allowed to study while on a Business/Investor Visa 891?

Yes, you are allowed to study in Australia while on this visa. However, you must maintain compliance with your visa conditions and continue to comply with any other conditions relevant to your enrolment

14. How do I apply for a Business/Investor Visa 891?

To apply for this visa, you must submit an Expression of Interest (EOI) through SkillSelect and be nominated by an Australian state or territory government agency. Once nominated, you can then proceed with lodging your visa application.

15. Is there any specific requirement when applying for a Business/Investor Visa 891?

In addition to meeting the general eligibility requirements, there may be specific requirements depending on the stream under which you are applying. This may include additional documents such as proof of investment and business records. It is important to carefully review the requirements for your chosen stream before submitting your application.

14. Can I switch between different types of visas while in Australia on a Business/Investor Visa 891?

It is possible to switch between different types of visas while in Australia on a Business/Investor Visa 891, but this depends on the specific circumstances and conditions outlined in your visa. You may need to apply for another visa if you want to switch to a different type of visa, and this process may require that you meet certain eligibility criteria. It is important to carefully review the details of your current visa and consult with an immigration lawyer or the Department of Home Affairs for more information on switching visas while in Australia.

15. How long does it take to process a Business/Investor Visa 891 application?

The processing time for a Business/Investor Visa 891 application can vary depending on various factors, such as the complexity of the application, the completeness of supporting documents, and the current workload of immigration officers. On average, it can take anywhere from 12 to 18 months for a Business/Investor Visa 891 application to be processed. It is important to note that this is just an estimate and actual processing times may vary.

16. Is there an English language requirement for this visa?

Yes, a Tier 4 (General) visa applicant must demonstrate proficiency in the English language by providing evidence of one of the following:

– Passing an approved English language test at the required level
– Having an academic qualification that was taught in English and is recognized by UK NARIC as being equivalent to a Bachelor’s or Master’s degree from a UK university
– Being a national of a majority English-speaking country
– Completing a course as part of an exchange program or study abroad program through their home institution

17. Can I work while on this visa?
Yes, as long as you are studying full-time at a recognized educational institution and your course is at or above degree level, you can work up to 20 hours per week during term time and full-time during holidays and scheduled breaks.
18. Can I bring my dependents with me on this visa?
Yes, if you are studying for more than six months, your spouse/partner and children under the age of 18 may be eligible to apply for entry as dependants. They must show that they have enough money to support themselves without relying on public funds.
19. How long does this visa allow me to stay in the UK?
The length of stay allowed with a Tier 4 (General) visa depends on the length of your course. You will be granted leave to remain for the duration of your course plus some additional time afterwards. This extra time could be up to four months, depending on the length of your course.
20. Can I extend my Tier 4 (General) visa?
Yes, it is possible to extend your Tier 4 (General) visa if you are continuing with further studies in the UK. You must apply before your current visa expires and meet all necessary requirements.
21. Can I switch to another type of visa while I am in the UK on a Tier 4 (General) visa?
Yes, it may be possible to switch to another type of visa while you are in the UK on a Tier 4 (General) visa, depending on your circumstances and the requirements for the other visa. You should seek advice from an immigration lawyer or contact UK Visas and Immigration for more information.
22. Can I travel outside of the UK while on this visa?
Yes, you are allowed to travel outside of the UK while on a Tier 4 (General) visa as long as you have a valid passport and any required visas for the countries you plan to visit. However, your Tier 4 (General) visa will only remain valid as long as you fulfill all conditions of your stay in the UK, including maintaining full-time student status.
23. Can I bring my pet with me on this visa?
Yes, you can bring your pet with you to the UK while on a Tier 4 (General) visa. However, there are specific requirements that must be met for your pet to enter the country. You should refer to the UK government’s guidance for bringing pets into the country for more information.
24. What happens if I overstay my Tier 4 (General) visa?
If you overstay your Tier 4 (General) visa without permission from UK Visas and Immigration or without applying for an extension before it expires, you could face serious consequences such as being banned from re-entering the UK for a certain period of time or even permanently. It is important to adhere to all conditions of your visa and consult with an immigration lawyer if necessary.
25. What happens if my application for a Tier 4 (General) visa is refused?
If your application is refused, you may be able to appeal the decision or submit a new application with additional evidence. It is crucial that you carefully review all requirements before submitting your initial application and seek guidance from an immigration lawyer if needed.

17. Are there any health requirements for this visa?

As part of the application process, you may be required to undergo a medical examination and provide evidence of your overall health and vaccinations. This is to ensure that you do not have any medical conditions which would pose a risk to the Australian community, or result in significant costs for public health services. You may also be required to undergo a chest x-ray if you have spent more than 3 consecutive months in a country with a high incidence of tuberculosis. If your medical examination reveals any serious health conditions, it may affect your application for the visa.

18. What documents do I need to submit with my application?

Some documents that may be required to submit with your application include a valid passport, proof of financial support, academic transcripts, letter of recommendation, resume or CV, and any relevant standardized test scores (such as SAT or TOEFL). It is important to check the specific requirements for each school or program you are applying to.

19.Is there a minimum income requirement for this visa?

No, there is no minimum income requirement for this visa. However, applicants are required to provide evidence of sufficient funds to cover their expenses during their stay in the country.

20.Can my business partner(s. also apply for a Business/Investor Visa 891 based on our joint investment in Australia?

Yes, your business partner(s) can also apply for a Business/Investor Visa 891 based on your joint investment in Australia. Each applicant will need to meet the individual eligibility requirements and provide evidence of their investment in the business. It is important to note that each applicant must have a significant management role in the business to be eligible for this visa.