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These two visas are for established business owners who want to obtain permanent residency. Please note that some provisional visa classes are limited in the choice of visas that lead to residency. In this case the 457 visas feed the EBA/REBA and the 892.
EBA stands for Established Business in Australia.
REBA is for Regional Established Business in Australia - essentially the same thing but the regional economic activity behind the REBA allows for some concessions in deciding the visa. These are found in minimum time spent in Australia, business equity, personal assets, etc.
The trade off is that some aspects then incur minimums. Here is a table that shows some of the differences between EBA and REBA.
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Established Business in Australia (EBA)
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Regional EBA
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Holding
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A temporary substantive visa
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A Business (Long Stay) 457 visa, and be registered with a state/territory government.
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Stay in Australia
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A minimum of 9 months cumulatively in the 12 months before the date of application;
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For at least 12 out of the last 24 months immediately before applying.
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Business ownership
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At least 10% in one business in Australia for at least 18 months immediately before applying;
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Minimum 10% ownership in a business in a designated area** of Australia for at least two years immediately before applying and still holding it
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Total net assets in Australia for 12 months prior to application
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>AUD$250,000;
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>Aus$200,000
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Net assets in business in Australia for 12 months prior to application
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>AUD$100,000;
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>Aus$75,000
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Points score (age, language ability, business attributes and net assets).
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At least 105 points. See: Form 1215i, Independent Executives and Permanent Residence
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Turnover $200 000 or exports of at least $100 000
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Points mix has no category minimums here.
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Must have at least 2 full-time employees or part-time pro-rata equivalent throughout a 2 year period to score points.
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At least 105 points.
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At least 105 points.
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Designated areas:
All of Victoria, South Australia, Tasmania, Australian Capital Territory and Northern Territory. New South Wales - entire state except Sydney, Newcastle and Wollongong. Queensland - entire state except Brisbane, Sunshine Coast and Gold Coast. Western Australia - entire state except Perth metropolitan region
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For more details, see DIAC’s information on REBA and EBA
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