To apply for an Investor Visa 891 in Australia it is important to understand the process and what is involved. Applying for an investor visa can be a complicated process, but with the right advice and guidance from a qualified and registered migration agent in Australia, it can be made much simpler. Here are some key points you need to know before applying for an investor visa in Australia. Understand the types of visas available.
The different types of investment visas
If you are looking to invest in Australia, there are a variety of visas available to choose from. The most popular are the following:
- Investor Visa 891: This visa is designed for people who have held a substantial investment in Australia for at least four years and wish to stay in the country. The applicant must demonstrate that their investment has been managed properly and provide evidence of their financial capacity to support themselves while they remain in Australia.
- Business Innovation and Investment Subclass 188 Visa: This is a provisional visa designed for people who have held a business or investment activity in Australia for at least four years and wish to continue that activity. This visa requires the applicant to demonstrate their ability to manage their investment and generate wealth for Australia and provide evidence of their financial capacity to support themselves while they remain in Australia.
- Significant Investor Subclass 188 Visa: This is a permanent residence visa for those who have made a significant investment into complying investments in Australia, such as venture capital and emerging companies. This visa requires the applicant to demonstrate their financial capacity to support themselves. At the same time, they remain in Australia and provide evidence of their ability to manage their investment and generate wealth for Australia.
What is Investor Visa 891?
Investor Visa 891 is a permanent residence visa for Australia that requires the applicant to make a significant financial commitment to the Australian economy.
To be eligible for this visa,
- An applicant must invest at least AUD 1.5 million in an Australian state or territory and comply with certain obligations throughout the investment period.
- The investor visa also requires applicants to meet certain criteria regarding net assets, annual turnover, past business experience, and age. It is important to note that all visa applicants must pass a health assessment and character check and demonstrate a commitment to Australian values.
When meeting the obligations associated with Investor Visa 891, applicants must maintain a certain amount of their investment funds in an Australian-designated investment fund or bank account for at least 4 years. Furthermore, applicants will also be required to live in Australia for at least 2 years out of the 4-year period.
For those looking to apply for an investor visa in Australia, it is strongly recommended to seek help from a registered migration agent for Australia in India. A professional migration agent will be able to provide guidance on the best approach to applying for the visa and advice on the best strategies to obtain a successful outcome.
