892 Visa Requirements

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(Information is copied from website: http://www.immi.gov.au/skilled/business/892/eligibility-business-owner.htm)

 

Main Applicant Eligibility

To be eligible for this visa you must have met the obligations of the provisional visa you held, as well as the following requirements. You must provide evidence of each of the requirements with your application.

 

Provisional visa holder

You are the holder of one of the following visas:

  • Business Owner (Provisional)
  • State/Territory Sponsored Business Owner (Provisional)
  • Senior Executive (Provisional)
  • State/Territory Sponsored Senior Executive (Provisional)
  • Investor
  • State/Territory Sponsored Investor (Provisional)
  • Business (Long Stay) Independent Executive visa
  • Skilled – Independent Regional (Provisional).

 

Health requirement

You must meet certain health requirements and may need to undergo a health examination.
 

Character requirement

All family members must be of good character to enter Australia.
 

Sponsorship

You have been sponsored by an appropriate regional authority of a State/ Territory government.

 

Ownership interest

You have had and continue to have, an ownership interest and direct and continuous management, in up to two actively operating main business in Australia for at least two years immediately before you apply. You must own at least:

  • 51 per cent of the business where the turnover is less than AUD400,000 per annum
  • 30 per cent of the business where the turnover is AUD400,000 or more per annum
  • 10 per cent where the business is a publicly listed company

A transitional provision is available if you have purchased a main business in Australia prior to 19 April 2010 and you are applying for this visa. Under these circumstances a minimum of 10 per cent ownership in a main business is required.

For each of these businesses, an Australian Business Number has been obtained for all Business Activity Statements (BAS) required by the Australian Taxation Office and you can provide evidence that the BAS were lodged to the ATO for the 2 years before you lodged your visa application.

 

Acceptable business record

You (or your partner) have never been involved in unacceptable business activities.

 

Time in Australia

You have been in Australia for at least one year cumulatively in the two years before you apply.

 

Other requirements

You must also meet at least two of the following three requirements (unless the appropriate state/territory authority has determined there are exceptional circumstances).

  • Net business assets – the net value of your (or your and your partner's combined) assets in the main business (or two main business) in Australia is at least AUD75,000 throughout the 12 months immediately before you apply.
  • Net personal and business assets – the net value of your (or you and your partner's combined) personal and business assets in Australia has been at least AUD250,000 throughout the 12 months immediately before you apply.
  • Provided employment – throughout the 12 months immediately before you apply your (or your and your partner's) business or two main businesses employed at least the equivalent of one full–time employee who is:
    • an Australian citizen, permanent resident or New Zealand passport holder
    • not a member of your family.

 

Annual turnover

Your main business (or two main businesses together), had a turnover of at least AUD200,000 in the 12 months immediately before you apply.

This may not apply if you meet all of the following conditions:

  • you met at least two of the three requirements above (net business assets, net personal and business assets, provided employment)
  • the appropriate state/territory authority has determined there are exceptional circumstances
  • both your business and residence is located in a designated regional or low growth area

 

Australian Values Statement

If you are aged 18 years or over, you are required to sign an Australian values statement. The statement is included in your visa application form and all applicants aged 18 years and over will need to sign it to confirm that they will respect the Australian way of life and obey Australian laws. Before signing this statement you are required to have read, or had explained to you, material made available by the government on life in Australia which is contained in the Life in Australia book.

The Life in Australia book provides more information on the values that Australians share and their way of life.

 

Additional information