Australian Business Talent Visa (Subclass 132 visa)

Australian Business Talent Visa (Subclass 132 visa)

Basic Requirements

The Business Talent (Migrant) visa is a permanent visa for the highest calibre of business people who are under the age of 55 (unless exceptional circumstances exist) and have sponsorship from a State or Territory government.

You must also either:

• have net business and personal assets of at least AUD1.5 million and an annual business turnover of at least AUD3 million if you intend to apply for the visa in the Significant Business History stream,
  or
• have obtained at least AUD1 million in venture capital funding to start the commercialisation and development of a high-value business idea in Australia if you intend to apply for the visa in the Venture Capital Entrepreneur stream.
  Applicants are required to submit a detailed business proposal with their visa application and demonstrate that they have sufficient assets to settle in Australia.

Visa Entitlements

Successful applicants and holders of an Australian Business Talent visa become permanent residents of Australia.

 

Permanent residents are entitled to live, work and study in Australia on a permanent basis. Additional benefits of Australian permanent residence include access to government-subsidised healthcare (Medicare), certain social security benefits and the ability to apply for Australian citizenship.