Business Talent Visa (subclass 132) Explained
The Business Talent Visa (subclass 132) is a visa program offered by the Australian government to attract and retain successful business owners, entrepreneurs and investors who are interested in establishing or expanding a business in Australia.
There are two streams under the Business Talent Visa (subclass 132)
Significant Business History Stream
This stream is for high-caliber business owners or part-owners who have a successful business career and are willing to own and manage a new or existing business in Australia. To be eligible for this stream you must have a minimum of AUD 1.5 million in net business assets and a minimum annual turnover of AUD 3 million.
Venture Capital Entrepreneur Stream
This stream is for people who have sourced venture capital funding from a member of the Australian Investment Council (AIC). To be eligible for this stream, you must have at least AUD 1 million in funding from an AIC member for the start-up, product commercialization or business development of a promising high-value business idea in Australia.
Apply for a Business Talent Visa (subclass 132)
To apply for a Business Talent Visa (subclass 132), you must first submit an Expression of Interest (EOI) and be invited to apply by the Department of Home Affairs. You will then need to provide evidence of your business skills and experience, as well as evidence of your intention and ability to invest in Australia.
If your application is successful then you and your immediate family members will be granted permanent residency in Australia. You will be able to live, work, and study in Australia indefinitely and have access to healthcare and social services. Additionally, you will be eligible to apply for Australian citizenship after meeting the residency requirements.