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Business Talent (Permanent) Visa (Subclass 132)

 

This visa is for high-caliber business owners or entrepreneurs who have a genuine and realistic commitment to invest in a new or existing business in Australia and to maintain ownership and management of that business.

It has two streams:

 

  1. Significant Business History stream:

 

  • For high-caliber business owners or part-owners who want to do business in Australia

 

  1. Venture Capital Entrepreneur stream:
  • For people who have sourced venture capital funding from a member of the Australian Venture Capital Association Limited (AVCAL).

You may be eligible for this visa if:

> You are less than 55 years old (exceptions apply) and have had an overall successful business career.
> You are nominated by a state or territory government
> You are invited to apply
> You and your family members meet health and character requirements
> You do not have a history of involvement in unacceptable business activities
> You have a genuine and realistic commitment to establish or participate in an Australian business
> You have a genuine and realistic commitment to maintain substantial ownership and involvement in that business

Who Is Eligible to Apply for a Business Talent Visa 132?

 

  • You are nominated by an Australian state or territory government agency.
  • You are invited to apply for visa 132.
  • You have achieved a successful business career.
  • You have a strong desire to own and operate a business in Australia.
  • You have business assets valued at AUD400,000, obtained at least two years out of four fiscal years before you are invited to apply for visa 132.
  • Your annual business profits are a minimum of AUD3 million for at least two years out of four fiscal years before your invitation to apply.
  • You must have lawfully obtained business and personal assets between you and your partner of AUD 1.5 million. These funds must be transferred to Australia during the 2 years since your visa is granted.
  • You and your partner cannot be involved in any type of criminal activity or dubious business transactions.
  • You meet the health requirements. After you apply for the visa, you may be asked to submit health examinations to see if you meet the health requirements. If for some reason you fail these requirements, your visa may be rejected.

 

Business Talent Visa 132 Fee: The application fee for a business talent visa 132 is AUD 7,855. You are required to pay an additional fee for any other family members who apply with you for this visa:

 

  • Family member over 18 years old application fee: AUD 3,930
  • Family member under 18 years old application fee: AUD 1,960

 

In case your family members can’t provide proof that they have a functional level of the English language you are required to pay a second installment fee for those family members that costs AUD 4,890.

The second installment fee for you as the main visa applicant is AUD 9,795

 

Can My Family Members Apply with Me for a Business Visa 132?

If your family members belong to your close family unit, then they can apply with you for a visa 132. Close family members include:

  • Your spouse
  • Your registered partner
  • Minor children
  • Adult dependent children

 

You can include your family members at the time when you apply or later, as long as you include them before a final decision is taken on your visa 132.

 

Significant Business History Stream:

This visa is for seasoned entrepreneurs who want to run a new or existing firm in Australia.

 

  1. With this visa you must have:

 

  • A net worth of at least AUD 1.5 million.

 

  • A minimum annual business revenue of AUD3 million for at least two of the four fiscal years prior to the application invitation.

 

  • A total net worth of at least AUD 400,000 held as an ownership interest in one or more eligible enterprises for at least two of the four most recent fiscal years prior to the invitation to apply.

 

  1. Venture Capital Entrepreneur Stream:

This visa is available to those who obtained venture capital money from an Australian Investment Council (AIC) member (formerly known as the Australian Private Equity and Venture Capital Association Limited (AVCAL)).

 

With this visa you must have:

  • Financial backing totaling at least $1 million from an Australian venture capital firm.
  • The fee to apply for this visa is: AUD 7,855.00

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