SPONSORED INVESTOR VISA
For investors sponsored by an Australian state or territory.
State Or Territory Sponsored Investor Visa (Subclass 893)
Introduction: Welcome to Flyworld Migration, your trusted partner in navigating the intricacies of Australian migration. The State or Territory Sponsored Investor Visa (Subclass 893) is a permanent residency visa designed for high-caliber investors who have made a designated investment in Australia and have been sponsored by a state or territory government.
Overview: The Subclass 893 visa provides a pathway to permanent residency for individuals who have met the criteria of a qualifying provisional visa, such as the State/Territory Sponsored Investor (Provisional) Visa (Subclass 165), and have made a designated investment in Australia. It aims to attract individuals who have contributed to the Australian economy through their investment activities and have been sponsored by a state or territory government.
Benefits
- Permanent residency status in Australia for the visa holder and eligible family members.
- Freedom to live, work, and study anywhere in Australia indefinitely.
- Access to government services and entitlements, including healthcare and education.
- Opportunity to apply for Australian citizenship after meeting residency requirements.
- Ability to sponsor eligible family members for permanent residency.
Eligibility
- Eligibility criteria for the State or Territory Sponsored Investor Visa (Subclass 893) include:
- Holding a qualifying provisional visa, such as the State/Territory Sponsored Investor (Provisional) Visa (Subclass 165).
- Being sponsored by a state or territory government in Australia.
- Meeting the residency and investment requirements specified by the Department of Home Affairs.
- Having maintained the designated investment in Australia for the required period.
- Meeting health and character requirements.
- Satisfying any additional criteria specified by the Department of Home Affairs.
Requirements
- Requirements for the Subclass 893 visa include:
- Submission of evidence demonstrating that the applicant has met the residency and investment requirements of the qualifying provisional visa.
- Providing evidence of sponsorship by a state or territory government in Australia.
- Providing evidence of maintaining the designated investment in Australia for the required period.
- Meeting health and character clearance requirements.
- Providing evidence of sufficient settlement funds if required.
How to Apply:
- Ensure that you meet the eligibility criteria and have met the requirements of a qualifying provisional visa.
- Obtain sponsorship from a state or territory government in Australia.
- Gather all necessary documents, including proof of residency, investment records, health, and character documents.
- Complete the visa application form and attach required documents.
- Lodge the visa application online through the Department of Home Affairs' online portal.
- Pay the visa application fee.
- Undergo health examinations and provide police clearance certificates if required.
- Await visa decision from the Department of Home Affairs.
- Processing Time: Processing times for the State or Territory Sponsored Investor Visa (Subclass 893) vary depending on various factors such as the volume of applications, completeness of documentation, and individual circumstances. Generally, processing times range from several months to over a year.
- Cost: The cost of applying for the State or Territory Sponsored Investor Visa (Subclass 893) varies depending on factors such as the number of applicants and whether the applicant includes family members. As of [current date], the visa application fee starts from AUD $7,855.
- At Flyworld Migration, we understand the importance of attracting high-caliber investors to Australia. Contact us today for expert guidance and assistance throughout the application process for the Subclass 893 visa!
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