Established Business in Australia Visa (Subclass 845)

The Established Business in Australia visa (subclass 845) was a pathway for foreign entrepreneurs who had successfully managed a business in Australia to gain permanent residency. It allowed business owners to contribute to the Australian economy while enjoying the benefits of residency. However, it is important to note that the subclass 845 visa has been repealed and is no longer available for new applications. Here, we provide a comprehensive overview of this former visa category for historical reference and informational purposes.

Key Benefits and Features

Permanent Residency: The subclass 845 visa granted permanent residency to successful applicants, offering them the opportunity to live indefinitely in Australia.
Work and Study: Visa holders were entitled to work and study in Australia without any restrictions, enabling them to further their careers and education.
Healthcare: Permanent residents could enroll in Medicare, Australia's public healthcare system, providing them with access to essential medical services.
Pathway to Citizenship: After meeting residency requirements, subclass 845 visa holders were eligible to apply for Australian citizenship.
Family Inclusion: Applicants could include family members in their application, extending the benefits of residency to their spouse and dependent children.

Common Challenges and Solutions

Business Performance: Applicants needed to demonstrate a successful business track record. This included evidence of continuous management and ownership of a business that met specific criteria related to sales, assets, and employee numbers.
Documentation: Gathering the necessary documentation was often complex. Applicants had to provide detailed financial records, business plans, and evidence of business activity in Australia. Professional assistance from migration agents or legal experts was typically recommended to navigate these requirements.
Changing Legislation: With the repeal of the subclass 845 visa, potential applicants faced challenges keeping up-to-date with the latest visa regulations and pathways. Engaging with migration specialists ensured access to accurate and current information.

Common Professions and Scenarios

The subclass 845 visa attracted a diverse range of professionals, including:

Small Business Owners: Individuals who owned cafes, retail stores, or consultancies often applied as they had an active role in the Australian economy.
Entrepreneurs: Those who started innovative businesses in sectors like technology, renewable energy, or creative industries were common applicants.
Family-Owned Business Operators: Candidates involved in family-run businesses that had a long-standing presence in Australia also pursued this visa.

Real-life Scenario

Consider a case where a couple managed a successful chain of boutique clothing stores across Sydney. They had a proven track record of profitability, employed several Australians, and contributed significantly to the local fashion industry. Using the subclass 845 visa, they transitioned from temporary to permanent residents, securing their future in Australia.

Costs and Duration

Application Fee: Historically, the cost of applying for the subclass 845 visa was substantial, involving a base fee plus additional charges for each family member included in the application.
Processing Time: The processing time varied, often taking several months to over a year, depending on the complexity of the case and the applicant's ability to provide comprehensive documentation.

FAQs

Is the subclass 845 visa still available?

No, the subclass 845 visa has been repealed and is no longer available for new applications.

What are the alternatives to the subclass 845 visa?

Individuals seeking to migrate to Australia for business purposes may consider other visa options, such as the Business Innovation and Investment (Provisional) visa (subclass 188) or the Business Talent (Permanent) visa (subclass 132).

Can subclass 845 visa holders apply for citizenship?

Yes, former subclass 845 visa holders who fulfilled the residency requirements could apply for Australian citizenship.

Relevant Statistics and Data

Before its repeal, the subclass 845 visa facilitated the permanent residency of numerous business owners, significantly enriching Australia's economic landscape.
The visa played a role in job creation and the diversification of Australia's business ecosystem.

In conclusion, the subclass 845 visa was a valuable tool for business migration to Australia, providing significant benefits to those who qualified. While it is no longer an option, many other pathways remain available for aspiring entrepreneurs. For up-to-date information on current visa options and to connect with migration experts, visit ausvisalibrary.com.

Keywords: Visas, Australian PR, Migration, Business Migration, Subclass 845, Permanent Residency