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Conversion from Provisional to Permanent Resident Status
The applicant would be entitled to apply for a permanent Business Skills visa after holding the Business provisional visa for a span of minimum twenty four months. The most essential pre-requisite is to meet the eligibility criteria, meet all the obligations of the Provisional visa and accomplish the mandates for the applied permanent Business Skills visa. Business Owner (Subclass 890) (Residence) is a visa specially planned to attract applicants (investors/businessmen) to reside in Australia on a permanent base and help in boosting country's economy further. The visa category is for those prospective businessmen wanting a PR status for the motto of possessing a fresh or already existing venture in Australia. Business Owner (Residence) visa is for those overseas business owners having 1 of the business provisional visas.
It allows the applicant to:
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Work in an already existing venture or a new one.
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Have a liberty to travel in and out of the country with freedom till the visa is valid.
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The applicant can have his family (partner, self or partner's dependant children, other dependent relations residing with the main applicant) accompany him; the latter would have accessibility for employment and study rights.
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Get a PR status in Australia for a span of five years. Please note that applicants intending to extend their PR status after five years need to get a Resident Return Visa (RRV)