The State or Territory Sponsored Investor Residence Visa (Subclass 893) to Australia is for individuals who hold an Investor Provisional Visa Subclass 162 or a State or Territory Investor Provisional Visa Subclass 165 and have already established a business in Australia, or become successful in an 'already-running' purchased business. An applicant cannot apply for this visa unless they have previously held one of the Provisional visas.
It is important to check on the conditions for the permanent visa if an applicant is intending to move to Australia on a provisional visa in this class as it is necessary for the applicant to apply for the permanent visa prior to the expiry of the provisional visa.
When the candidate has an established business, permanent residence visas are generally easy to acquire. The requirements for the residence visas are lower than for provisional visas. The Australian government is happy to encourage skilled businessmen and businesswomen to remain in Australia.
ASSISTANCE WITH THIS VISA OR OTHER VISAS?
This is a complicated visa application and the outcome of any application is unpredictable. Each visa candidate must meet the demanding requirements of the visa application. The help of a migration agent is very strongly advised. Here is our general link to the Migration Agents Registration Authority so that you can better understand what migration agents do with regard to visas, their duties and your rights in regard to Agents’ work in Australian Visas and citizenship.
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