1. What is the Business – Sponsored Investor Visa 893?

The Business – Sponsored Investor Visa 893 is a type of visa available for those who wish to invest in Australia and operate a business there. This visa is for individuals who have been sponsored by an Australian state or territory government agency, as well as those who have obtained initial support from Austrade (Australian Trade and Investment Commission), to undertake business activities in the country. It allows the visa holder to stay and conduct business activities in Australia indefinitely, with the option to apply for permanent residency after a designated period of time.

2. What are the eligibility requirements for a Business – Sponsored Investor Visa 893?

To apply for a Business – Sponsored Investor Visa 893, you must meet the following eligibility requirements:

1) You must be sponsored by an eligible Australian state or territory government agency.
2) You must have a successful business or investment record and show a genuine commitment to maintain business or investment activities in Australia.
3) You must be nominated by an eligible Australian state or territory government agency for a specific project that is of economic benefit to the country.
4) You must have an overall successful business career with significant achievements in your field of expertise.
5) You, your partner, or both of you combined must have total net assets of at least AUD$2.25 million for at least two fiscal years immediately before making the application.
6) You must have personal and business assets in Australia valued at no less than AUD$1.5 million
7) You must have a thorough knowledge and understanding of the English language.
8) You must score at least 65 points on the Department of Home Affairs points test.

Note: The eligibility requirements may vary slightly depending on which state or territory you are sponsored by. It is recommended to check with the specific state or territory government agency for their exact requirements.

3. What is the processing time for a Business – Sponsored Investor Visa 893?

The processing time for a Business – Sponsored Investor Visa 893 varies depending on individual circumstances and the complexity of the application. In general, it can take anywhere from 12 to 18 months for the visa to be processed.

4. How much does a Business – Sponsored Investor Visa 893 cost?
The visa application fee for a Business – Sponsored Investor Visa 893 is currently $8,085 AUD for main applicants and $4,040 AUD for secondary applicants. Additional fees may include medical examinations, police checks, and other associated costs.

5. Can I apply for permanent residency with a Business – Sponsored Investor Visa 893?
Yes, the Business – Sponsored Investor Visa 893 is a pathway to permanent residency in Australia. After holding this visa for at least two years and meeting certain criteria, you can apply for permanent residency through the Business Innovation and Investment (Permanent) visa (subclass 888).

6. Do I need to provide evidence of my business or investment activities when applying for a Business – Sponsored Investor Visa 893?
Yes, you will need to provide evidence of your business or investment activities as part of your application for a Business – Sponsored Investor Visa 893. This can include financial statements, tax returns, ownership documents, and other relevant documentation to show your involvement in managing or investing in an eligible Australian business.

7. Can I include family members in my application for a Business – Sponsored Investor Visa 893?
Yes, you can include family members such as your spouse/partner and dependent children under the age of 23 in your application for a Business – Sponsored Investor Visa 893.

8. Is there an English language requirement for a Business – Sponsored Investor Visa 893?
There is no specific English language requirement for this visa subclass; however, adequate English proficiency may be considered favorably by the Department of Home Affairs when assessing your application.

9. Can I work or study while holding a Business – Sponsored Investor Visa 893?
Yes, as a Business – Sponsored Investor Visa 893 holder, you are allowed to work and study in Australia. However, the primary purpose of this visa is for you to engage in business or investment activities.

10. Can I include my current employees in my application for a Business – Sponsored Investor Visa 893?
No, you cannot include your current employees in your application for this visa subclass. This visa is designed for individuals who wish to establish or develop a new business or investment activity in Australia.

4. How long is a Business – Sponsored Investor Visa 893 valid for?

A Business – Sponsored Investor Visa 893 is valid for up to 4 years. However, the visa holder must have a valid sponsorship from an Australian state or territory government throughout their stay in Australia. If the sponsorship ends, the visa may also be canceled.

5. Can I include my family members in my visa application?

Yes, you may include your immediate family members (spouse and dependent children) in your visa application for most visa categories. However, they will have to meet the eligibility requirements for the specific visa category you are applying for. Your family members will also need to provide supporting documentation and go through the application process with you. It is important to consult with an immigration lawyer or refer to the official government website for specific instructions on how to include your family members in your visa application.

6. Do I need to have a business in Australia to apply for this visa?

No. You do not need to have a business in Australia to apply for the Business Talent (subclass 132) visa. However, you must be willing and able to establish or participate in a new or existing business venture in Australia. You may also be eligible for this visa if you are sponsored by a state or territory government agency.

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

Yes, to be eligible for this visa, you must have a functional level of English. This means being able to speak and understand basic English to carry out daily activities and understand safety instructions. You may also need to provide evidence of your English proficiency through a test score or by completing an English language course.

8. What are the financial requirements for this visa?

The financial requirements for this visa vary depending on the country. In general, applicants must have enough funds to cover their expenses while in the designated country, including accommodation, food, and transportation. Some countries may also require proof of sufficient funds to support themselves or a sponsor who will provide financial support during their stay. The exact amount required may also depend on the length of stay and purpose of travel. It is important for applicants to check with the embassy or consulate of the designated country for specific requirements and details.

9. Can I work in any business in Australia with this visa?

No, this visa is specifically for working in a specific business nominated by your employer. You cannot work in any other business with this visa.

10. Is there a minimum investment amount required for this visa?

Yes, the minimum investment amount for an E-2 visa varies depending on the country of origin and the specific business venture. The U.S. government generally considers a substantial investment to be at least $100,000. However, this amount can vary and is ultimately determined by the USCIS (U.S. Citizenship and Immigration Services).

11. Do I need to have prior business or investment experience to apply for this visa?

There is no specific requirement for prior business or investment experience to be eligible for this visa. However, having relevant experience may increase your chances of success in the application process and managing a successful business or investment venture in Australia.

12. Are there any restrictions on who can sponsor an applicant for this visa?

The applicant’s sponsor must be one of the following:

– A family member who is an Australian citizen, permanent resident or eligible New Zealand citizen
– An Australian organization in the field of arts, sports, or academia
– The government of a state or territory in Australia
– An agency approved by the Australian Government for exceptional circumstances

13. Can I change my business or investment activities after being granted this visa?

If you wish to change your business or investment activities after being granted a visa, you will need to apply for a variation of the conditions of your visa. You will need to provide evidence to show that the change is consistent with the requirements and laws of the relevant state or territory government and meets the criteria for the Business Innovation and Investment program.

If your proposed changes are significant, you may be asked to submit a new Expression of Interest (EOI) and go through the selection process again.

It is important to consult with a migration agent or seek advice from the Department of Home Affairs before making any changes to your business or investment activities after being granted this visa.

14. Are there any conditions attached to this visa that I must comply with?

As an AIU visa holder, you must comply with the conditions of your visa. These may include requirements such as maintaining a full-time course load, making satisfactory progress in your studies, and having adequate health insurance coverage.

Additionally, you are not allowed to work full-time while studying on an AIU visa. You may be permitted to work part-time during the academic year and full-time during school breaks, but this is subject to certain restrictions. You must also report any changes in your personal or academic circumstances to the designated school official (DSO) at your institution.

It is important to familiarize yourself with all the conditions of your AIU visa and ensure that you are meeting them throughout your stay in the U.S. Failure to comply with these conditions could result in serious consequences, including the cancellation or revocation of your visa.

15. Can I become a permanent resident of Australia through this visa?

No, the Australian Working Holiday visa is not a permanent residency visa. It allows you to work and travel in Australia for a limited period of time (up to 12 months). If you wish to become a permanent resident of Australia, you will need to explore other visa options and meet the eligibility requirements.

16. If my business fails, will I lose my permanent residency status?

It depends on the circumstances surrounding the failure of your business. If your permanent residency status is based on being a business owner or investor, and you are no longer actively involved in the management or operation of your business, it could impact your residency status. However, if the failure was due to factors outside of your control and you can show that you made a genuine effort to run a successful business, it may not have any significant impact on your residency status. It is important to consult with an immigration lawyer to understand how the failure of your business may affect your specific situation.

17. Is it necessary to live in the region or state nominated by my sponsor?

It is not necessary to live in the region or state nominated by your sponsor, but it may be beneficial for you to do so. Depending on your visa category, living in a designated regional area may offer you additional benefits or opportunities. Additionally, if your sponsor is geographically close to you, it may be easier for them to provide support and fulfill their sponsorship obligations.

18.No, as an Indian citizen, you are not eligible to apply for an Electronic Travel Authority (ETA. or eVisitor, which allows stays of up to three months at a time.Business/Economy_20employment-sectors.aspx

% As an Indian citizen, you may be eligible for a Visitor visa which allows you to stay in Australia for up to three, six or 12 months for tourism purposes. However, this visa does not allow you to work in Australia. If you are looking to work in Australia, you would need to apply for a work visa or find an employer who is willing to sponsor your employment in Australia.

19.Can I apply for Australian citizenship through this visa?

No, this visa does not lead to Australian citizenship. You will need to meet the eligibility requirements for Australian citizenship and apply through a separate process.

20.What happens if my sponsored business does not meet its obligations or closes down?

If your sponsored business does not meet its obligations or closes down, it could lead to consequences such as:

1. Legal repercussions – If the business fails to comply with its obligations, it could result in legal action being taken against them by their employees, customers, or other parties.

2. Loss of investment – As a sponsor, you may have invested time and money into the business. If the business fails, you may lose your investment.

3. Damaged reputation – Your association with the failed business could damage your own reputation as a sponsor and potentially harm future business opportunities.

4. Inconvenience for employees and customers – The closure of the business could also result in inconvenience for its employees and customers who may have to find new jobs or service providers.

5. Immigration consequences – If the sponsored business fails to comply with immigration laws and regulations, it could lead to consequences for the sponsored workers, including revocation of their work permits and potential deportation.

It is important to carefully consider the risks and responsibilities involved before agreeing to sponsor a business. You should thoroughly research the company’s financial standing and track record before making any commitments.