Registered Migration Australia

Business Talent (Permanent)

Subclass 132 Visa

 

 

 

The Business Talent Subclass 132 visa allows you to establish a new or develop an existing business in Australia. It has two streams the Significant Business History stream: for high-calibre business owners or part-owners who want to do business in Australia and the Venture Capital Entrepreneur stream: for people who have sourced venture capital funding from a member of the Australian Venture Capital Association Limited (AVCAL).

 

 

Business Talent Subclass 132 Visa entitlements

The Business Talent Subclass 132 visa allows you to establish a new, or develop an existing, business in Australia. You must be nominated by a state or territory government agency and invited to apply by the minister.

You can be in or outside Australia when you apply and when the visa is granted.

The Business Talent Subclass 132 visa allows you to travel in and out of Australia any number of times (whilst the visa is valid), study in Australia, have your family accompany you to Australia, and live in Australia as a permanent resident for five years. After 5 years, if you wish to remain in Australia, you will need to apply for a Resident Return Visa.

There are two ways (streams) to be granted a Subclass 132 Visa:

  1. Significant Business History Stream – for affluent owners or part owners of a business who want to have a major management role in a new or existing business in Australia
  2. Venture Capital Entrepreneur Stream – for people who have obtained venture capital funding from a member of the Australian Venture Capital Association Limited (AVCAL).

 

Business Talent Subclass 132 visa overview

In both streams in the Business Talent Subclass 132 visa have these same features:

  • you submit an Expression of Interest (EOI) and it is accepted
  • you are sponsored by a state or territory government agency
  • you have a genuine and realistic commitment to participate in the management of a new or existing business in Australia
  • you are less than 55 years old (exceptions available)
  • you  have an overall successful business career
  • you fulfil the requirements of the stream you apply through
  • you have never been involved in unacceptable business or investment activities

 

 

Business Talent Subclass 132 Significant Business History Stream Visa requirements

A Subclass 132 Visa through the Significant Business History Stream would suit you if:

  • you (and your spouse combined) have net business and personal assets of at least AU$1,500,000.00
  • you have an annual business turnover of at least AU$3,000,000.00
  • you will establish a qualifying business in Australia, or participate in an existing qualifying business in Australia
  • you are committed to maintaining substantial ownership of the business
  • you are committed to maintaining direct and continuous involvement in the day-to-day management of the business
  • you are prepared to make decisions that affect the overall direction and performance of the business in a way that benefits the Australian economy

 

 

Subclass 132 Venture Capital Entrepreneur Stream Visa requirements

A Subclass 132 Visa through the Venture Capital Entrepreneur Stream would suit you if:

  • you have obtained at least AU$1,000,000.00 in venture capital funding to start and develop a high-value business idea in Australia
  • you are committed to meeting the requirements of your venture capital agreement

 

 

Business Talent Subclass 132 Visa Processing times

Please contact us, processing times for the Business Talent Subclass 132 visa are not always published on the Department website.

 

 

Business Talent Subclass 132 Visa Application process

The first step to applying for this visa is to submit an Expression of Interest (EOI) through SkillSelect. If your EOI is accepted, then you will be invited to apply for the Subclass 132 Visa. You can include the following people in your visa application at the time of lodgement:

 

  • your partner
  • your child/step-child or your partner’s child/step-child.

 

You and anyone included in your application can be in or outside Australia when the application is lodged and the visa is decided.

 

 

Related Visa Categories

 

 

 

Please contact us if you would like assistance with your Business Talent Subclass 132 Visa application.