Investor visa subclass 891 visa is a permanent visa for the applicant who has held a designated investment in Australia for at least 4 years, However, you can also apply as the main applicant if you held a designated investment on your partner names in Australia.
The visa allows the applicant to remain in Australia indefinitely, for the people who undertake business and investment activities in Australia, To apply for the main applicant, the candidate must have a qualifying visa granted.
The investor visa Australia is only applicable for the visa holders of investor (provisional) visa- subclass 162, The applicant must have invested at least $1.5 million AUD for the satisfying requirement of Investor (provisional visa) subclass 162 the applicant must have held the investment for at least 4 years.
The investment visa subclass 891 visa is a permanent residence visa that includes all the benefits included in other permanent visas, such as:
- The applicant is allowed to study and work anywhere in Australia
- The applicant can stay in Australia permanently
- The applicant can include their family member and relatives
- No age requirement.
- No English language proficiency test required
- You can enrol in Australia’s public health care scheme, Medicare
- The applicant can sponsor your relatives to come to Australia
- The applicant can travel to and from Australia for 5 years
- The applicant can apply for Australian citizenship if eligible.
Investor Visa (891 Visa) Requirements
To be applicable you first have to meet the basic requirements below to lodge your application for an Investor visa:
- The applicant must hold the qualifying visa.
- The applicant has to meet the residence requirement
- You must have to meet the minimum business requirement
- Applicant must not have a history of involvement in an unacceptable activity.
- You have to meet the Australian health requirement
- Applicant must meet the character requirement
- Applicant should sign the Australian values statement.
- Must not have any previous debt to the Australian Government.
- The application should not have rejected or refused by DHA on a previous visa application.
Must Hold Visa:
To apply for an Australia investor visa subclass 891, the applicant must hold a Subclass 162 investor (provisional) visa that was granted to the applicant on the basis that the applicant has satisfied the primary criteria for that visa.
The applicant must have lived for at least 2 years out of 4 years as the visa holder of an Investor Visa Subclass 162, immediately before applying for an Investor Visa (permanent residence) subclass 891. The 2 years period does not have to continuous you can travel in and out of Australia.
Meet Business Requirement:
The applicant or applicant and their partner together must hold the investment of $1.5 Million AUD made for the purpose of satisfying for Investor (Provisional) subclass 162 visa, applicant should have a genuine and realistic commitment to continue the Business or Investment in Australia
Unacceptable Activity History:
The Department of Home Affairs will not grant you the visa if you or your partner have a previous history of having any kind of involvement in an unacceptable activity.
The applicant and their partner applying for the Australian visa must meet the health requirement, your family member might also have to prove evidence of health requirement if The Department of Home Affairs requires.
The applicant and their partner, and the family members above 16 years of age applying for the 189 visa have to provide evidence of character requirement, family members who are not applying might also require to prove the character evidence.
Australian Values Statement:
The applicant and family members who applied for the 189 visa are 18 years of age or older at the time of lodging the application, the applicants must have read or had explained to you the Life in Australia book. And sign the Australian values Statement to confirm you will obey the Australian laws and respect the Australian way of life.
Have No Debt to the Australian Government.
If the applicant or family member of the applicant owes the Australian government, the debt must be paid or have an agreement before lodging your application or else the application will get rejected.
Cancelled or Rejected Visa:
The applicant might not be eligible if they have previously get rejected or refused the visa by the Department of Home Affairs.
Processing Time for 891 Visa
The time it takes to process your application may vary case-by-case, There are not any standard processing time available for the 189 visa. However, your application may get delayed if:
- If the applicant does not complete the form correctly.
- If the applicant did not include all the required documents.
- If the department of home affairs requires more information from you.
- If it takes a longer time for DHA to verify your information.