Business Talent (Permanent) (subclass 132) visa
These Applications are by invitation only. You must first lodge an Expression of Interest and be nominated by a State or Territory government.
You must also:
- Have personal and business assets of AUD1.5 million (AUD400 000 must be net assets in the business),
and have a business turnover of AUD3 million, or
- Have obtained at least AUD1 million in funding from an Australian venture capital firm for a promising
high value business idea.
Two Options:
- The Significant Business History is for successful owners or part owners of a business who want
to have a major management role in a new or existing business in Australia.
- The Venture Capital Entrepreneur is for people who have obtained at least AUD1 million in
funding from an Australian venture capital firm.
Significant Business History
If you apply for the Significant Business History stream, you (or your partner, or you and your partner combined) must have all of the following:
- You must be less than 55 years of age, although a state or territory can waive this requirement if your
proposed business will be of strong economic benefit to the relevant region.
- You must possess net assets of at least AUD400 000 (in a qualifying business) in at least two of the
four fiscal years immediately before you are invited to apply.
- You must possess total assets of at least AUD1.5 million that can be legally transferred to Australia
within two years of the visa being granted.
- You must have a total annual turnover of at least AUD3 million (in one or more of your main businesses)
in at least two of the four financial years immediately before you are invited to apply.
- You must own at least:
- 51 per cent of a business with turnover of less than AUD400 000 per annum, or
- 30 per cent of a business with turnover of more than AUD400 000 per annum, or
- 10 per cent of a publicly-listed company.
- You must demonstrate an overall successful business career with no involvement in unacceptable business
activities.
- You must have a genuine desire to own and maintain a management role in a business in Australia.
Venture Capital Entrepreneur
You must have obtained at least AUD1 million in funding from an Australian Venture capital firm for the start-up, product commercialisation or business development relating to a promising high value business idea.