Business Owner Visa is for those business owners who are having their business setups running in Australia and now they are willing to take up the residency of the country to permanently migrate and look after their business operations.
With this visa, you can live, work and operate in Australia for an indefinite time period.
The validity for this visa is 5 years, after which you can get revival of your Permanent Resident status. During the tenure of 5 years, you can avail social security payments & benefits by the Australian government, like any other Permanent Resident can do.
One of the biggest pitfalls in Business Owner Visa is requirement of Annual Turnover of the business for which you have granted the visa.
The owner need to take care to maintain the required turnover, no matter what, till the expiry of this visa.
Since, running a business is not less than a gamble, you cannot avoid unforeseen events or situations that may drain the financial turnovers. The changing market situations (from boom to depression) is highly unpredictable and therefore, the owner’s visa is at risk.
To get a professional advice in this regard, I suggest you to get in touch with our Australia Immigration Experts over +91-8447281370
These are the general guidelines and procedure for Australia Visa Subclass 890. To get a detailed view in this regard, we suggest you to contact our panel of experts and avail a FREE first consultation over phone.
You can also fill our FREE Assessment Form.