Business Talent (Permanent) visa (subclass 132)

This Business Talent visa (subclass 132) is a permanent visa. If granted you can live in Australia indefinitely and may apply for Australian citizenship if eligible.

There are 2 eligibility streams:

  • Significant Business History stream
  • Venture Capital Entrepreneur stream


Significant Business History stream

This visa stream is for those experienced business owners, who want to operate a new or existing business in Australia.

Eligibility:

  • Must be nomination by a state or territory government agency. (nomination criteria vary state to state)
  • Net business and personal assets of at least AUD 1.5 million
  • Net business assets of at least AUD 400,000 or 10% of a public listed company
  • Annual turnover must be at least AUD3 million at least 2 of the 4 years immediately before you apply
  • At least Functional English or pay the second VAC
  • Meet the health and character requirements of the Australian government.

Include family:

You can include members of the family unit with your visa application at the time of your application before application decision has been made. All family members who apply for the visa aged 18 years or older must either have functional English or should pay a Second VAC.

All family members who apply for the visa must meet the Health and Character Requirements of the Australian Government.

Venture Capital Entrepreneur stream

This visa stream is for those who have sourced venture capital funding from a member of the Australian Investment Council (AIC).

Eligibility:

  • Must be nomination by a state or territory government agency. (nomination criteria vary state to state)
  • secured at least AUD1 million in funding from a venture capital firm which is a member of AIC
  • ~ Funding must be for:
  • ~~~ Business development or expansion of a business in Australia
  • ~~~ The commercialisation of a product in Australia
  • ~~~ Early-phase start-up of a business in Australia
  • At least Functional English or pay the second VAC
  • Meet the health and character requirements of the Australian government.

Include family:

You can include members of the family unit with your visa application at the time of your application before application decision has been made. All family members who apply for the visa aged 18 years or older must either have functional English or should pay a Second VAC.

All family members who apply for the visa must meet the Health and Character Requirements of the Australian Government.

Note: This stream is not so popular among business migrants.

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