Business Talent Visa (132)
The Business Talent visa (subclass 132) is a permanent residence visa for business people who are nominated by an Australian state or territory government agency.
WHAT DOES THIS VISA LET YOU DO
The Business Talent (Permanent) visa (subclass 132) allows you to establish a new or develop an existing business in Australia. This is a permanent residence visa. It lets you and any member of your family unit who has also been granted this visa:
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Stay in Australia indefinitely
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You are invited to apply
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Enrol in Medicare, Australia's scheme for health-related care and expenses
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Apply for Australian citizenship (if you are eligible)
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Sponsor eligible relatives for permanent residence
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Travel to and from Australia for five years from the date the visa is granted (after that time, you will need a resident return visa or another visa to return to Australia).
You might be able to get this visa if:
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You are nominated by a state or territory government
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You are invited to apply
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you and your family members (whether or not they are included in your application) meet health and character requirements
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you meet the additional requirements for the stream in which you apply.
Significant Business History stream :
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Net business and personal assets of at least AUD1.5 million that are legally acquired and can be transferred to Australia within two years after the visa is granted
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A total annual turnover of at least AUD3 million in one or more of your main businesses in at least two of the four fiscal years immediately before you are invited to apply
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An overall successful business career
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No involvement in unacceptable business activities
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A genuine desire to own and maintain a management role in a business in Australia.
You must also be younger than 55 years of age, although a state or territory can waive this requirement if your proposed business will be of exceptional economic benefit to the region where it will operate.
Venture Capital Entrepreneur stream
You must have received at least AUD1 million in funding from an Australian venture capital firm.
The funding must be for the start-up, product commercialization or business development of a promising high-value business idea.
The venture capital firm must be a member of the Australian Private Equity and Venture Capital Association Limited (AVCAL). AVCAL has information about the venture capital category of membership in its Venture Capital entrepreneur visa factsheet.
You must have entered into a formal agreement with the venture capital firm for the funding.
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