State/Territory Sponsored Investor (Residence) (Subclass 893)
About this Visa
This visa is designed for investors/business people who:
- have an overall successful record of business or investment activities
- have significant net assets
- are willing to invest funds in a designated investment in Australia for four years
- have a genuine commitment to maintain business and investment activity in Australia.
- hold an Investor (provisional) visa
- are sponsored by a state/territory authority.
Who is this visa for?
Investors from overseas who are willing to make a designated investment in Australia, and their family.
How much will this visa cost?
You must pay a non-refundable visa charge when you lodge your visa application.
See: Business Development Visa Charges
What does this visa let me do?
With this visa you can:
- work
- travel in and out of Australia any number of times as long as the visa is valid
- study in Australia
- have your family accompany you to Australia. They will have access to work and study rights
- become a permanent resident of Australia.
- live in Australia as a permanent resident for five years (after 5 years, you will need to apply for a resident return visa).
See: Returning Residents
