State or Territory Sponsored Investor visa (subclass 893)

The State or Territory Sponsored Investor Visa (Subclass 893) is designed for holders of the State/Territory Sponsored Investor (Provisional) Visa (Subclass 165) who have maintained a designated investment of AUD750,000 for a period of 4 years. This visa offers permanent residency in Australia, allowing you to work and study in the country, enroll in Australia's public health care scheme, Medicare, sponsor your relatives to join you, and travel to and from Australia for five years. Additionally, if eligible, you can pursue Australian citizenship.

Frequently Asked Questions

Processing times vary depending on multiple factors, including the completeness of your application and response time to requests for additional information. It’s essential to stay up-to-date with your application’s progress.

Yes, you can include members of your family unit in your application, either when you lodge your application or after lodging it but before a decision is made.

The second instalment charge applies to applicants 18 years or older with less than functional English and without an eligible visa when they apply. This charge is AUD4,890.

Yes, you can travel to and from Australia for 5 years after receiving the visa. After this period, you will need a Resident Return Visa (RRV) to re-enter Australia as a permanent resident.

Currently, there are no frequently asked questions available for the Aged Dependent Relative Visa (Subclass 114).