The State or Territory Sponsored Business Owner is for overseas business owners who are under the age of 55, who own or intend to own a business in Australia. To apply for this visa, you must be in Australia when you lodge the application, your family can be outside Australia.

Visa Requirements:

To be eligible for this visa applicant must:

• be sponsored by the appropriate regional authority or a state or territory in Australia
• meet business turnover and ownership requirements
• have personal and business assets with a net value of minimum $500,000 that was legally acquired and can be transferred to Australia within two years of the visa being granted
• have sufficient assets to settle in Australia
• be able to demonstrate that they need to live in Australia for business reasons
• meet health and character requirements

Subclass 892 visa is a temporary visa valid for up to 4 years and permits the applicant to own (or part own) an Australian business. Immediate family members (such as a partner and dependent children) included on the application are also entitled to live, work and study in Australia. This visa also establishes a pathway to permanent residence, upon satisfying certain requirements.