Few countries accept and invite budding and seasoned professionals and migrant workers into their employment pool, like Australia. Australia has one of the lowest global unemployment rates among graduates. 64.60% of its graduates are employed with lucrative workers’ benefits.
As a result, hundreds of thousands of business owners, investors, and entrepreneurs apply for State or Territory Sponsored Investor Visa subclass 893.
Read Also – Application Process for Investor Visa Subclass 891
This is a permanent visa for individuals who own, sponsor or manage any business in Australia. This Visa allows the individual to live in Australia indefinitely. However, that is only part of this Visa’s benefits.
Apart from residence, there are many other benefits to the State Sponsored Investor Visa. The allowances are listed as follows:
Considering the benefits and the degree of permissibility granted by the State Sponsored Investor Visa, several eligibility criteria must be met for its acquisition:
1. An individual can apply for this Visa if they are already a primary holder of a Territory/State Sponsored Investor Visa (Subclass 165), a provisional visa.
2. Meeting the following business requirements:
3. The applicant must be sponsored by a regional authority in the territory of their residence. They must have lived in that area for at least 2 years in the 4 years of their business holding before they can apply for this Visa. This 2-year period, however, does not need to be continuous.
4. There is no upper cap for age.
5. The individual must meet basic health requirements. This extensive health examination of people who come from countries with risk of diseases like polio and Ebola that are a threat to public health and signing of health waivers.
6. They must have no remaining debut to the Australian government.
7. They must not have any previous records of refused or cancelled visas. The individual’s immigration history is an important factor for the State Sponsored Investment Visa.
8. They must meet applicable character requirements.
9. They must sign an Australian value statement. This entails confirmation of the fact that the person will respect Australian laws and ways of life.
10. The individual must not be in any de facto relationship that they are yet to disclose before visa application.
Once the above-mentioned criteria are met, you can apply for the Investor Visa (Subclass 893). The following points elucidate the step-by-step process:
1. Acquire sponsorship from a regional authority in the territory or state where the individual has resided for at least 2 years in the required 4 years of conducting business.
2. Compile necessary documents authenticating the business and personal identity. In the case of family members applying with the individual, their documents must also be produced. These documents include:
Identity proofs, photo, application periods following the same date, residential documents, proof of investment, summary and report of business and investments in Australia conducted so far and plan long-term, business history, and ethical records.
Identity proof, marriage certificate if applicable, proof of other relationship, if applicable.
Identity proofs and parental responsibility documents
Identity proof, and documents about any other relationship, if applicable.
E. Proof of English proficiency and functional English
F. Character Documents: Police certificates, military certificates, if applicable.
G. Notify authorities about the process through correspondence.
The applicant must be physically present in Australia when they send their application papers. Their family can be outside of Australia. However, they must not be going through immigration clearance.
After application, the individual must wait to be notified about their application and further steps.
The individual must be in Australia when their State Sponsored Investor Visa (subclass 893) is granted.
The maximum processing time for this visa is 38 months. However, depending on the specificity of the individual’s application and documents, it can be approved much earlier.
Missing documents, inadequate reports, and misprints are oversights that can happen to anyone during the stressful and extensive process of applying for a State Sponsored Investor Visa (Subclass 893).
When you send in that application, it must present your best case at permanent residence for you, your family, and your business. One of the easiest ways to make the application process smoother is to hire a top investor visa lawyer in Perth to help your case and improve your chances.
Having a lawyer go through your visa application can help spot faults and potential deterrents early, which would otherwise hinder your chances of permanent residency.
We recommend Migration Lawyers in Perth who are most equipped and proficient in this field. With the professional assistance of the best investor visa lawyer Perth, getting a green light on your State or Territory Sponsored Investment Visa (Subclass 893) is easier than ever. Contact the team to live your best business life in the land down under.
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