State or Territory Sponsored Regional Established Business in Australia Visa (Subclass 846): Requirements and Application Process

Overview of Subclass 846

If you are a business owner or investor who is interested in establishing a business in Australia, the State or Territory Sponsored Regional Established Business in Australia visa (subclass 846) may be the right visa for you. This visa is designed to attract business owners and investors to regional areas of Australia, and it is sponsored by a state or territory government.

The Subclass 846 visa is a permanent visa that allows you to establish a new or existing business in a regional area of Australia. To be eligible for this visa, you must be sponsored by a state or territory government, and you must have a successful business career.

One of the key benefits of this visa is that it provides a pathway to permanent residency in Australia. If you are successful in establishing a business in a regional area of Australia, you may be eligible to apply for permanent residency.

To be eligible for this visa, you must meet a number of requirements, including having a successful business career, having a net business and personal assets of at least AUD 800,000, and being sponsored by a state or territory government.

If you are interested in applying for the Subclass 846 visa, it is important to work with a registered migration agent who can help you navigate the visa application process. A migration agent can help you understand the requirements of the visa, and can assist you in preparing your application.

In summary, the Subclass 846 visa is a great option for business owners and investors who are interested in establishing a business in a regional area of Australia. This visa provides a pathway to permanent residency in Australia, and it is sponsored by a state or territory government. If you are interested in applying for this visa, it is important to work with a registered migration agent who can help you navigate the application process.

Eligibility Criteria

To be eligible for the State or Territory Sponsored Regional Established Business in Australia visa (subclass 846), you must meet certain criteria. These criteria include:

  • You must be nominated by a state or territory government agency.
  • You must have a successful business career and a genuine desire to own and manage a business in Australia.
  • You must have a net business and personal assets of at least AUD 800,000.
  • You must have a total annual turnover of at least AUD 500,000.
  • You must have a minimum ownership interest of 30% in the business.
  • You must have a genuine and realistic commitment to actively participate in the management of the business in Australia.

In addition, eligible family members and dependent children can also be included in your visa application. The eligible family members include your spouse or de facto partner, dependent children, and other dependent relatives.

The primary applicant must meet all of the eligibility criteria. The professional and personal background of the primary applicant will be assessed to determine whether they have the skills and experience necessary to successfully manage a business in Australia.

Overall, the State or Territory Sponsored Regional Established Business in Australia visa (subclass 846) is designed to attract experienced business owners and managers to regional areas of Australia. If you meet the eligibility criteria and have a genuine desire to establish and manage a business in Australia, this visa may be the right option for you.

Application Process

To apply for the State or Territory Sponsored Regional Established Business in Australia visa (subclass 846), you need to follow a few steps. The application process involves submitting a new application to the Department of Home Affairs. Here is a guide to the application process:

  1. Check if you are eligible for the visa: Before applying, make sure you meet the eligibility criteria for the visa. You must be nominated by a state or territory government agency and have an established business in a regional area of Australia.

  2. Gather the required documents: You will need to provide various documents to support your application, including proof of your business ownership, financial documents, and evidence of your business activities in Australia.

  3. Lodge your application: Once you have gathered all the required documents, you can lodge your application with the Department of Home Affairs. You can do this online or by mail.

  4. Wait for a decision: The Department of Home Affairs will review your application and make a decision on whether to grant you the visa. This process can take several months, so be patient.

  5. Receive your visa: If your application is successful, you will receive your visa and be able to establish or manage your business in a regional area of Australia.

It’s important to note that the application process can be complex and time-consuming, so it’s important to seek the advice of an authority or professional guide if you have any questions or concerns.

Business Activity Requirements

To be eligible for the State or Territory Sponsored Regional Established Business in Australia visa (subclass 846), you must have a business that is actively operating in a regional or low-population growth area of Australia. The business must also meet certain requirements related to its activity and financial performance.

Business Activity

Your business must be actively involved in the production of goods or the provision of services. It should also have a clear plan for growth and expansion. The business should be able to demonstrate that it is contributing to the economic development of the region or area where it is located.

Financial Performance

Your business must meet certain financial requirements to be eligible for the visa. You must be able to demonstrate that the business has been operating for at least two years and has a minimum annual turnover of AUD 300,000. The business should also have a net value of at least AUD 200,000.

Professional Assistance

If you need assistance with the application process or have questions about the requirements for the State or Territory Sponsored Regional Established Business in Australia visa (subclass 846), you can seek professional assistance. A migration agent or lawyer can provide guidance and help ensure that your application is complete and accurate.

Designated Regional Areas

The State or Territory Sponsored Regional Established Business in Australia visa (subclass 846) is designed to encourage business owners to establish their ventures in designated regional areas of Australia. These areas are typically outside of major cities and are often overlooked by investors. By attracting entrepreneurs to these areas, the government hopes to stimulate economic growth and create jobs in regional communities.

To be eligible for this visa, you must have owned and operated a business in a designated regional area of Australia for at least two years, and the business must have a turnover of at least AUD 300,000 per year. Additionally, you must have lived in the same designated regional area for at least two years and have spent at least 12 months actively involved in the management of the business.

Designated regional areas are determined by each state and territory government, and they may be subject to change. The current list of designated regional areas can be found on the Department of Home Affairs website.

Designated regional areas can include both land and sea areas. For example, in Western Australia, the Kimberley region is a designated regional area that includes both land and sea areas. This means that businesses operating in the fishing or aquaculture industries may be eligible for the visa if they are located in the designated regional area.

In conclusion, the State or Territory Sponsored Regional Established Business in Australia visa (subclass 846) is a great opportunity for entrepreneurs to establish their businesses in designated regional areas of Australia. These areas offer unique opportunities for growth and development, and the visa provides a pathway for business owners to contribute to the economic development of regional communities.

Visa Conditions and Obligations

If you are planning to apply for the State or Territory Sponsored Regional Established Business in Australia visa (subclass 846), it is essential to be aware of the visa conditions and obligations. The subclass 846 visa is a provisional visa that allows you to establish a new or existing business in a regional or low population growth metropolitan area of Australia.

Visa Conditions

The subclass 846 visa has several visa conditions that you must comply with during your stay in Australia. Some of the essential visa conditions include:

  • You must establish a new or existing business in a regional or low population growth metropolitan area of Australia.
  • You must actively manage your business in Australia.
  • You must maintain your business operations for at least two years.
  • You must not change the nature of your business without prior approval from the Department of Home Affairs.
  • You must not engage in any activity that is harmful to the Australian community or its people.
  • You must comply with all Australian laws and regulations.

Visa Obligations

As a visa holder, you have several obligations that you must fulfill during your stay in Australia. Some of the essential visa obligations include:

  • You must maintain adequate health insurance during your stay in Australia.
  • You must not work for any other employer in Australia other than your business.
  • You must not leave Australia for more than 12 months during the validity of your visa.
  • You must notify the Department of Home Affairs of any changes to your business operations or contact details.
  • You must cooperate with the Department of Home Affairs during any compliance checks or investigations.

It is crucial to understand and comply with all the visa conditions and obligations to avoid any adverse consequences during your stay in Australia. If you fail to comply with any of the visa conditions or obligations, your visa may be canceled, and you may be required to leave Australia.

Post-Application Considerations

Once you have submitted your State or Territory Sponsored Regional Established Business in Australia visa (subclass 846) application to the Department of Home Affairs, there are a few important considerations to keep in mind.

Firstly, it is important to note that the processing time for this visa can vary depending on a range of factors, including the completeness of your application and the current workload of the Department. However, the Department aims to process applications in a timely and efficient manner, and you can check the current processing times on their website.

Once the Department has decided on your visa application, you will receive notification of the outcome. If your application is successful, you will be issued with your visa and can begin planning your move to Australia. If your application is not successful, you will receive information on the reasons for the decision and your options for review.

It is important to ensure that you are satisfied with the outcome of your visa application before making any further plans. If you have any concerns or questions about the decision, you can contact the Department for further information and assistance.

Overall, the State or Territory Sponsored Regional Established Business in Australia visa (subclass 846) is a professional visa option for those looking to establish a business in regional Australia. By following the application process and considering the post-application considerations, you can increase your chances of a successful outcome.

Migration and Citizenship

If you are considering applying for the State or Territory Sponsored Regional Established Business in Australia visa (subclass 846), it is important to understand the role of migration and citizenship in the Australian immigration system.

Migration refers to the process of moving from one country to another for the purpose of living and working. The Australian government has a range of migration programs designed to attract skilled workers and business people to the country. The State or Territory Sponsored Regional Established Business in Australia visa (subclass 846) is one such program, which is aimed at encouraging business owners to establish and operate a business in a regional area of Australia.

Citizenship, on the other hand, refers to the legal status of being a member of a particular country. Becoming an Australian citizen is a separate process from obtaining a visa, and involves meeting certain eligibility criteria, such as residency requirements and passing a citizenship test. While holding a visa allows you to live and work in Australia, becoming a citizen gives you additional rights, such as the right to vote and access to certain government benefits.

It is important to note that the State or Territory Sponsored Regional Established Business in Australia visa (subclass 846) is a permanent visa, which means that if you meet the eligibility criteria and are granted the visa, you will be able to live and work in Australia permanently. However, this does not automatically make you an Australian citizen. If you wish to become a citizen, you will need to apply separately for citizenship and meet the relevant eligibility criteria.

Overall, understanding the role of migration and citizenship in the Australian immigration system is important if you are considering applying for the State or Territory Sponsored Regional Established Business in Australia visa (subclass 846). It is important to note that while holding a visa allows you to live and work in Australia, becoming a citizen gives you additional rights and benefits.

Role of Traditional Custodians

The State or Territory Sponsored Regional Established Business in Australia visa (subclass 846) is designed to encourage the development of businesses in regional areas of Australia. However, it is important to recognize the role of traditional custodians in these areas, particularly Aboriginal and Torres Strait Islander communities, and their continuing connection to the land.

These communities have a rich cultural heritage that has been passed down through generations of elders. As an applicant for the subclass 846 visa, it is important to respect these cultures and engage with the community in a respectful and culturally appropriate manner. This may involve seeking guidance from elders and community leaders, and participating in cultural activities and events.

As a business owner in a regional area, you have the opportunity to engage with these communities and contribute to their economic development. This may involve providing employment opportunities for Aboriginal and Torres Strait Islander people, and supporting local businesses and community initiatives.

It is important to recognize that these communities have faced significant challenges in the past, including dispossession of land and cultural suppression. As a business owner, you have a responsibility to support reconciliation and work towards building positive relationships with these communities.

By engaging with traditional custodians and supporting their communities, you can help to build a stronger and more inclusive regional economy. This will benefit not only your business, but the wider community as well.

Student Visa Holders

If you are a student visa holder in Australia, you may be eligible to apply for the State or Territory Sponsored Regional Established Business in Australia visa (subclass 846). This visa allows you to establish a business in a regional area of Australia and live there permanently.

To be eligible for this visa, you must have held a provisional visa for at least two years, and have been living in a regional area of Australia for at least one year. You must also have a successful business career and be able to show that you have the skills and experience necessary to establish and manage a business in a regional area.

If you are a student visa holder, you may be able to apply for this visa if you have completed a course of study in a regional area of Australia. This can include courses at universities, vocational education and training (VET) institutions, and other educational institutions.

To apply for this visa, you will need to provide evidence of your business skills and experience, as well as evidence of your financial capacity to establish and manage a business in a regional area of Australia. You will also need to meet health and character requirements.

If you are granted this visa, you will be able to live and work in a regional area of Australia permanently. You will also be able to bring your family members with you, and they will be able to work and study in Australia.

Closed Applications

If you are interested in applying for the State or Territory Sponsored Regional Established Business in Australia visa (subclass 846), it is important to note that the program is currently closed to new applications. This means that the Australian government is not currently accepting new applications for this visa subclass.

The closure of the program to new applications is due to a number of factors, including a high volume of applications and a need to manage the overall number of visas granted each year. It is important to note that the closure of the program does not affect those who have already been granted a visa under this subclass.

If you are interested in applying for a visa to establish a business in regional Australia, there may be other options available to you. For example, you may be eligible for the Business Innovation and Investment (Permanent) visa (subclass 888), which allows you to establish and manage a business in Australia.

It is important to do your research and carefully consider your options before applying for any visa subclass. This can help ensure that you meet the eligibility requirements and increase your chances of being granted a visa.

Overall, while the State or Territory Sponsored Regional Established Business in Australia visa (subclass 846) is currently closed to new applications, there may be other visa options available to you if you are interested in establishing a business in regional Australia.

Past and Future Perspectives

The State or Territory Sponsored Regional Established Business in Australia visa (subclass 846) has been in existence for several years. The visa was designed to address skill shortages in regional areas and to attract overseas business people to establish ventures in these regions. This visa subclass was created as part of the Australian Government’s efforts to encourage economic growth in regional areas.

In the past, the subclass 846 visa has been successful in attracting business migrants to regional areas of Australia. Many of these migrants have established successful businesses, created jobs, and contributed to the economic growth of these areas. The visa has also helped to address skill shortages in these areas by allowing skilled migrants to move to regional areas where their skills are in demand.

Looking to the future, the subclass 846 visa is likely to continue to play an important role in promoting economic growth in regional areas of Australia. The Australian Government is committed to supporting regional areas and has recently announced a range of initiatives aimed at promoting economic growth in these areas. These initiatives include tax incentives for businesses and increased funding for infrastructure projects.

If you are considering applying for the subclass 846 visa, it is important to note that the application process can be complex. You will need to demonstrate that you meet the eligibility criteria, including having a successful business background and a willingness to establish a business in a regional area of Australia. You will also need to provide evidence of your financial capacity to establish and operate a business in Australia.

Overall, the subclass 846 visa is an important tool for promoting economic growth in regional areas of Australia. If you are a business migrant looking to establish a business in Australia, this visa subclass may be a good option for you. However, it is important to carefully consider the eligibility criteria and seek professional advice before applying.

Frequently Asked Questions

What are the eligibility requirements for the State or Territory Sponsored Regional Established Business visa (subclass 846)?

To be eligible for the State or Territory Sponsored Regional Established Business visa (subclass 846), you must be nominated by a state or territory government agency and have a qualifying business in a regional area of Australia. You must also meet health and character requirements and have a successful business career.

What are the regional areas covered by the visa (subclass 846)?

The State or Territory Sponsored Regional Established Business visa (subclass 846) covers all regional areas of Australia, excluding the metropolitan areas of Sydney, Melbourne, Brisbane, Gold Coast, and Perth.

How long does it take to process the State or Territory Sponsored Regional Established Business visa (subclass 846)?

The processing time for the State or Territory Sponsored Regional Established Business visa (subclass 846) varies depending on the individual circumstances of the application. However, the Department of Home Affairs aims to process 75% of these visas within 12 months.

What are the financial requirements for the State or Territory Sponsored Regional Established Business visa (subclass 846)?

To be eligible for the State or Territory Sponsored Regional Established Business visa (subclass 846), you must have a successful business career and be able to demonstrate that you have the financial capacity to establish or participate in an existing business in a regional area of Australia. The financial requirements may vary depending on the state or territory government agency that nominates you.

What are the benefits of the State or Territory Sponsored Regional Established Business visa (subclass 846)?

The State or Territory Sponsored Regional Established Business visa (subclass 846) provides a pathway to permanent residency in Australia for successful business owners who are willing to establish or participate in an existing business in a regional area of Australia. It also allows you to bring eligible family members to Australia.

Can family members be included in the State or Territory Sponsored Regional Established Business visa (subclass 846) application?

Yes, eligible family members can be included in the State or Territory Sponsored Regional Established Business visa (subclass 846) application. This includes your spouse or de facto partner, dependent children, and other dependent relatives. However, they must meet certain health and character requirements.

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