Business Talent

BUSINESS TALENT (PERMANENT) Visa (subclass 132) A / B

This subclass allows an applicant to establish a new or expand operations of an existing business in Australia and that the applicant be nominated by an Australian State or Territory. This is a permanent residency visa and applications can be made either onshore or offshore.

The Business Talent visa is divided into 2 streams, which are as follows:

132A SIGNIFICANT BUSINESS HISTORY STREAM

This provisional stream is available to those applicants who have experience in running a business and have ownership stakes in a business. The applicant must be nominated by the Australian State or Territory and must submit an Expression of Interest

132A SIGNIFICANT BUSINESS HISTORY STREAM

  • be nominated by an Australian State or Territory
  • receive an invitation to apply
  • have business acumen and ambition
  • own a substantial part of the business
  • have a total business and personal assets worth at least $1.5 million
  • have an annual turnover of at least $3 million
  • have total net assets worth at least $400,000 which were acquired from ownership interest in the business
  • must be aged 55 or under unless the State or Territory government agency has determined your proposed entrepreneur activity will be of exceptional economic benefit.
  • Must have at least functional English
  • Meet the health and character requirements
  • Sign the Australian values statement
  • Paid back your debt to the Australian Government
  • Not have had a visa or previous application refused

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