Everything about The Business Owner Visa 890 and the Business Talent Visa 132

The Business Owner Visa Subclass 890 and the Business Talent Permanent Visa Subclass 132 are two options that could help you make your dream of owning a business in Australia a reality. Here are all the essential information about these two visas, including the eligibility criteria, application process, and more.

What are the business owner visa subclass 890 and the business talent permanent visa subclass 132?

The Business Owner Visa Subclass 890 and the Business Talent Permanent Visa Subclass 132 are two types of visas that allow business owners and investors to establish, manage, and/or develop a business or invest in an Australian state or territory.

The Business Owner Visa Subclass 890 is a temporary visa granted for four years, while the Business Talent Permanent Visa Subclass 132 is a permanent visa. These visas are designed to promote investment and job growth in Australia.

To be eligible for the Business Owner Visa Subclass 890, 

• Applicants must meet certain requirements, such as demonstrating their ability to establish or develop a business in Australia and possessing a successful track record.
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On the other hand, to be eligible for the Business Talent Permanent Visa Subclass 132, 

• Applicants must demonstrate their ability to contribute to the Australian economy through business activity.

The application process for both visas involves completing the necessary application forms and providing relevant documentation. Applicants must also meet certain health, character and security requirements and have the adequate financial capacity to support themselves.

The main benefits of these visas are that they allow successful applicants to live and work in Australia for the duration of the visa and gain access to certain government services such as Medicare and Centrelink payments. Furthermore, both visas give applicants an indefinite right to remain in Australia.

Who can apply for these visas?

The business owner visa subclass 890 and the business talent permanent visa subclass 132 are both intended for business owners and high-caliber entrepreneurs who want to permanently establish or manage a business in Australia.

For the Business Owner Visa Subclass 890, applicants must have held a business in their home country for at least 4 years, have net assets of at least AUD 800,000 and have a genuine commitment to establishing or managing a business in Australia.

For the Business Talent Permanent Visa Subclass 132, applicants must have at least 3 years of experience in managing a business or have held an ownership interest in a business for at least 3 years, have a successful track record of business innovation, have access to capital of at least AUD $1.5 million, and have a genuine commitment to participating in the management of a business in Australia.

Benefits of these visas

1. Business Owner Visa Subclass 890: The visa offers permanent residency in Australia, allowing you to remain in the country and conduct business activities. It also allows you to travel to and from Australia freely and sponsor family members to join you.
2. Business Talent Permanent Visa Subclass 132: This visa offers a number of benefits, including the ability to work, study and live anywhere in Australia, access to a range of public health and welfare services, and the option to bring family members to Australia. Additionally, the visa includes an invitation to apply for Australian citizenship after four years.