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Australia Business Talent (Permanent) visa (subclass 132)

Subclass 132 visa
Australia Business Visa Subclass 132 visa is a permanent residency visa designed for high-calibre business owners or part owners who want to start a new business in Australia. The visa requires prospective entrepreneurs to source a minimum funding through the Australian Investment Council (AIC). The visa facilitates business migration to Australia.

The Business Talent Visa (Subclass 132) is available in two streams:

Significant Business History Stream

This business visa Australia is created for experienced business owners who wish to operate a new or an existing business in Australia.

The visa requires you to fulfil the following conditions:

  • Be under 55 years of age
  • Have assets of a net value of at least AUD1.5 million (lawfully acquired)
  • Be nominated by an Australian state or territory government
  • The business must have an annual business turnover of at least AUD3 million for at least 2 out of 4 fiscal years immediately before you are invited to apply.
  • Have a total net assets of at least AUD400, 000 as the ownership interest in one or more qualifying businesses for least 2 of the 4 fiscal years immediately before you are invited to apply.

Venture Capital Entrepreneur Stream

Available for entrepreneurs who have sourced adequate venture capital funding from the Australian Investment Council (AIC).

The visa requires you to fulfil the following conditions:

  • Be under 55 years of age
  • You must have sourced AUD1 million from an Australian venture capital firm.
  • be nominated by an Australian state or territory government
  • be invited to apply for the visa

 Business Talent Subclass 132 Visa- Benefits

  • The visa permits you to live and work in Australia for an indefinite time period
  • establish a new or develop an existing business in Australia
  • Avail for healthcare and other social care benefits provided by the government of Australia
  • Apply for citizenship, in case you are qualified
  • Sponsor your eligible family members
  • Travel in and out of Australia without any restrictions

 Business Talent Subclass 132 Visa- Process

  • Check the eligibility criteria for the visa, conditions, and document checklist for the subclass 132 visa.
  • Also, make sure you meet the eligibility criteria for the state nomination as well in Australia. To do this, you may go through the application terms and conditions of your chosen State.
  • Lodge an Expression of Interest on the Department of Home Affairs SkillSelect website and note down your reference number.
  • Now submit an online application for the state nomination.
  • If the department approved your state nomination application, you will receive an invitation to apply from DHA.
  • You have 60 calendar days to respond to your invitation.

Subclass 132 Visa- Processing Time and Fee

The business visa Australia cost under the Subclass 132 visa starts from AUD7, 855 irrespective of which visa stream you are applying for.

As far as the processing time is concerned, it totally depends on the volume of applications received and how promptly you respond to the DHA requests.

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