Investor Visa (Subclass 891) is for people who undertake investment and business activities in Australia. It lets you stay indefinitely in Australia. The visa has a travel component which expires five years after the date on which the visa was granted. You become a permanent resident on the same day you receive this visa.
Entrepreneurs who want to continue their firm in Australia can apply for an Investor Visa (SC891), Business Innovation and Investment Visa. Moreover, you may also include family members in your visa application.
To be eligible, you must:
To begin, you must have a Subclass 162 - Investor (Provisional) visa given to you because you met the essential criteria for that visa. You also need to have lived in the country for at least two years under a Subclass 162 Visa. The period of 2 years does not need to be continuous. You may need to gather the following documents before applying for this visa.
You must be in Australia when you apply for the visa. Your family members may be in or out of Australia, but they are not in immigration clearance. Before applying for this visa, you need to pay the application fee before submitting your application. Your application will be pending till you pay the fee.
When to Apply
You are eligible to apply after living in Australia for 2 of the past four years. The two year period does not have to be continuous.
Visa Processing Time
Applications are reviewed based on an individual case. And actual processing time may differ due to the individual circumstances; these include:
How to Apply
Via application process is online most of the part. It can be a bit complicated, so you better contact the professionals and let them handle the job.
Duration
It is a permanent visa, so you can stay in Australia indefinitely. You can travel to and from Australia as many times as you want for five years from when this visa begins.
Fees
Investor Visa (Subclass 891) fee for the main applicant costs AUD 2,495. There is also a charge for each family unit member who applies for the visa with you. You may also have to pay the second instalment of AUD 4,890 for 18 years or older family member who has less than functional English.
You can travel to and from Australia as many times as you want for five years from the date we grant this visa. You will require a Resident Return (RRV) Visa (Subclass 155 and 157) after five years to re-enter Australia as a permanent resident.
Investor Visa (SC891) allows you to stay in Australia indefinitely and carry out your business activities. You may also apply for citizenship if eligible.
Multi-entry
You can move in and outside Australia during your stay
Dependents
Include your family with you.
Business
Conduct your business in Australia.
Citizenship
Apply for citizenship if eligible.