Business Owner Visa (Subclass 890) is a permanent resident visa, which allows a business owner or a business manager to live and work in Australia. This visa is valid for 5 years, during the visa duration visa holder can avail benefits, social and economic services like other citizens of Australia having. If you are doing business in Australia on a temporary visa then you can apply for this visa. A candidate has to meet with the Australian business visa requirements to get this visa.
After getting a Business Owner Visa (subclass 890), then:
In order to get this visa, a candidate must meet the minimum requirements to be granted by this visa:
You must have two of the following:
You must have at least:
If you want to get this visa, you have to follow all the steps and guidelines provided by Australian immigration authority. You may face difficulties in filling the form and knowing the overall immigration process.
Processing time is counted from the date your application is lodged. The processing time depends on the number of application received for skilled immigration. However, Australia is one of the top ideal destinations for immigrants from around the world.
Aptech Global visa processing time:
For more information of processing times kindly coordinate contact Aptech Global visa Expert Today.
Note: Rules and regulation of Australia Immigration may change at any time without any prior notice. So be in touch with our consultant expert.
The visa application charge is the amount of money in Australian dollars (AUD) that must be paid for a visa application. In some cases the visa application charge is nil.
This is a permanent residence visa for business owners from overseas who have held one of the required provisional visas; their family members can also be included on the application.
Once you have moved to Australia you should apply for a Tax File Number, as no TFN means that interest on deposits in Australia will have tax withheld at the highest tax rate.
Once you have a TFN the Australian Taxation Office will expect you to lodge a personal income tax return each year. The Australian tax year ends on the 30th of June, and if you do not appoint a registered tax agent (such as GM Tax) to lodge your tax return the tax return must be lodged within 4 months – i.e. by the 31st of October.
You should have net assets worth of at least AUD100 000 throughout the 12 months immediately before you apply. Net Value of your personal and business assets has been at least AUD250 000 throughout the 12 months immediately before you apply.
If you are willing to apply for this visa then you must have sufficient funds to show in Australia. Your main or two businesses together should have a turnover of at least AUD 300,000 in the past 12 months. Also, you must provide Business Activity Statements (BAS) lodged with the Australian Taxation Office (ATO) for the two years immediately before the application is made,
The Australian Business Number (ABN) is a single identifier used to deal with the ATO and other Australian authorities departments and businesses. To get entry to numerous concessions and observe your company's tax responsibilities, your business enterprise may want to check in for an ABN.
Your organisation's ABN registration details become part of the Australian Business Register (ABR). The publicly available information on this register allows people to find out whether the entities they are dealing with.
Aptech Global Immigration Services Pvt. Ltd. is a premium and registered Immigration Consultant Company in Delhi. We offer advisory services on immigration options. We are not a part of any government and department of immigration.