Business Talent Visa (Subclass 132) – Permanent Visa

The Business Talent Visa (Subclass 132) allows individuals with significant business experience or entrepreneurial talent to establish or expand their business operations in Australia. This is a permanent residency visa, designed for high-caliber business owners and entrepreneurs, enabling them to contribute to the Australian economy.

Streams Under Subclass 132

1. Significant Business History Stream

This stream is for experienced business owners who have a successful track record in managing businesses.

• Eligibility Requirements:
• Minimum net business and personal assets of AUD 1.5 million.
• Business turnover of at least AUD 3 million in at least two of the four fiscal years before applying.
• Ownership of a business with a minimum net value of AUD 400,000.

2. Venture Capital Entrepreneur Stream

This stream is for entrepreneurs with high-potential business ideas funded by Australian venture capital firms.

• Eligibility Requirements:
• Secured a minimum of AUD 1 million in venture capital funding from an Australian Investment Council member.
• Funding must be used to develop and commercialize a high-value business idea.

Benefits of Subclass 132

• Live, work, and study in Australia permanently.
• Establish, develop, or manage a business in Australia.
• Travel to and from Australia for five years.
• Sponsor eligible relatives for permanent residency.
• Access Australia's Medicare public healthcare system.
• Apply for Australian citizenship if eligible.

Eligibility Requirements

Common Requirements for Both Streams

• Be nominated by a state or territory government agency in Australia.
• Meet health and character requirements.
• Sign an Australian values statement.
• Have no outstanding debts to the Australian Government.
• Demonstrate functional English (or pay a second installment fee if you don’t meet this requirement).
• Not have had a visa canceled or refused while in Australia.

Specific Requirements for Each Stream

Significant Business History Stream:

• Be under 55 years of age (unless the nominating state or territory provides an age exemption).
• Meet specific business ownership, turnover, and asset requirements as outlined above.

Venture Capital Entrepreneur Stream:

• Provide evidence of venture capital funding of at least AUD 1 million.
• Demonstrate the use of funds for business development or commercialization.

How to Apply

1. Submit an Expression of Interest (EOI): Lodge an EOI through the SkillSelect system and receive a nomination from a state or territory government.
2. Gather Required Documents:
   • Identity documents (passport, birth certificates).
   • Proof of nomination from a state or territory government.
   • Business and financial documentation.
   • Proof of venture capital funding (if applying under the Venture Capital Entrepreneur Stream).
   • Health and character documents.
3. Apply Online: Submit your application through ImmiAccount, attach all required documents, and pay the visa application fee.
4. Wait for Decision: Track your application status through ImmiAccount. If granted, you’ll receive details of your visa grant, including conditions and visa grant number.

Processing Times

Why Choose Global Vision Migration?

Navigating the Business Talent Visa application process can be complex. At Global Vision Migration, we provide:

• Tailored Guidance: Helping you choose the right stream based on your business background.
• Comprehensive Support: Assisting with documentation, nomination, and application submission.
• End-to-End Assistance: Ensuring your visa process is seamless and stress-free.

Disclaimer: This content is for general guidance only and does not constitute legal advice. For the most accurate and up-to-date information, visit the Business Talent Visa (Subclass 132) – Permanent Visa.