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Business Talent (Subclass 132)

Business Talent (subclass 132) Visa

The subclass 132 visa enables applicants and their families to secure permanent residency in Australia by developing their existing business in Australia or establishing a new business in Australia that is of significant benefit to the nominating state or territory you have established the business in.

Unlike the Business Innovation & Investment (subclass 188) visa this visa provides you with direct permanent residency.

Two Streams of the Business Talent (subclass 132) Visa - 132A & 132B

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

      You must have:

  • a net value of at least AUD1.5 million (lawfully acquired)
  • an annual business turnover of at least AUD3 million for at least 2 of the 4 fiscal years immediately before you are invited to apply
  • 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
This visa is for people who have sourced venture capital funding from a member of the Australian Investment Council (AIC) (formerly known as the Australian Private Equity and Venture Capital Association Limited (AVCAL)).
  • You must have funding of at least AUD1 million from an Australian venture capital firm.
Business Talent Visa Subclass 132

Eligibility for the Business Talent (subclass 132) Visa

132A – Significant Business History Stream

For applicants looking to apply under the Significant Business History Stream the following criteria must be met:

  • You must be nominated by an Australian state or territory.
  • A combined total net asset of at least AUD$400,000 as the ownership interest in at least one qualifying business. This must be for at least two of the four fiscal years.
    • Interests in more than one qualifying business can be submitted.
    • If the business is a publicly listed company, then a shareholding of at least 10 percent of the total issued capital must be owned.
  • A requirement of at least AUD$1.5 million of net business and personal assets that have been legally acquired and once the visa has been granted the assets can be transferred to Australia within two years.
  • One or more of your primary businesses in at least two of the four fiscal years must have a total annual turnover of at least AUD$3 million.
  • You must also be below the age of 55.
    • However, this requirement can potentially be waived if the state or territory believe that the proposed business venture will provide exceptional economic benefit to the area which it will operate in.

 

132B – Venture Capital Entrepreneur Stream (132B)

If you are considering making an application for a Business Talent (subclass 132) visa in the Venture Capital Entrepreneur Stream the following criteria must be met:

  • Be nominated by an Australian state or territory government.
  • Be invited to apply
  • Have funding of AUD$1 million from an Australian venture capital fund
    • This fund must be sourced from a member of Australian Venture Capital Association Limited (AVCAL).

Schedule a Consultation with Ethos Migration Lawyers for Expert Immigration Advice and Assistance on the Business Talent (subclass 132) Visa

Including Family in Your Application

Family members can be included when the application is made and can be changed any time before the department has made a decision on the application.

Family members, sometimes regardless whether they are listed on the application visa will need to undertake health examinations and provide character clearances.

In most cases on partners and children under 23 years of age can be included in your application.

More Information?

If you would like further information on your eligibility to apply for the Business Talent (subclass 132) visa in either the Significant Business History Stream or the Venture Capital Entrepreneur Stream, please schedule a consultation or contact us for a comprehensive assessment of your circumstances.

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