The Subclass 891 visa is for immigrants who wish to start a business or want to undertake investment activities in Australia. With this visa, you can stay in the country indefinitely. To be eligible as a primary applicant you must have a qualifying visa.
Y-Axis has a dedicated investor team. The experience of the team combined with our expertise in immigration processes makes us your ideal partner to make your business foray in Australia.
Processing time
These visa applications are assessed on a case-by-case basis and the processing time can vary provided you have met the following conditions:
- Submitted the complete application with all the supporting documents
- Your response time to requests for additional information
- Time taken by authorities to verify the additional information you provided
- Time taken for the authorities to receive the additional information
- Places vacant in the migration program
Australia permanent residency
The Subclass 891 visa is basically a permanent visa. Individuals who have held the required investment in the country either alone or with a partner are eligible for this visa and can stay indefinitely in the country.
Benefits of the visa
With the Subclass 891 visa, you can
- Work and study in Australia without restrictions
- Stay in Australia for an unlimited period
- Subscribe for Australia’s universal healthcare scheme
- Apply for Australian citizenship if you are eligible
- Travel in and out of Australia for five years
- You can include your family members in the visa application
Eligibility conditions for the Subclass 891 visa
- You must be the primary holder of a Subclass 162 visa
- You must have lived in the country for at least 2 years in the previous 4 years immediate to the date of your application while having the Provisional) visa (subclass 162)
- You must have held a designated investment of 1.5 million Australian dollars for four years
- You must display a commitment to continue your business activities in Australia
- You and your family members must meet health and character requirements
ELIGIBILITY :
- Ownership of a business with a turnover of at least AUD 750,000 for at least 2 of the last 4 fiscal years
- Net personal and business assets of at least AUD 1,500,000
- Under 55 years of age, unless the nominating state or territory certifies that you will make an exceptional economic benefit
- Meet the pass mark in the Business Innovation and Investment Points test currently 65 points. Points are awarded on
- Age
- English language ability
- Qualifications
- Experience in business or investment
- Net personal and business assets
- Business turnover
- Innovation
- Special endorsement
- Have an overall successful career in business
The Subclass 891 visa is basically a permanent visa. Individuals who have held the required investment in the country either alone or with a partner are eligible for this visa.