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132 Business Talent (Permanent) visa (subclass 132)

Visa Description

This visa allows you to establish a new or develop an existing business, or invest in Australia.

Basic Eligibility

You must:

  • be nominated by an Australian state or territory government agency
  • be invited to apply for the visa
  • have the required funding or assets

Streams

  1. Significant Business History stream

This visa is for experienced business owners, to operate a new or existing business in Australia.

With this visa you can

  • establish a new or develop an existing business in Australia
  • stay in Australia permanently
  • bring family members with you

Basic Eligibility

  • have assets of AUD1.5 million and business turnover of AUD3 million
  • be nominated by an Australian state or territory government
  • be invited to apply for the visa

Length of Stay

Permanently

Cost

From AUD7,855

Processing Time

  • 75% of applications: Unavailable due to low volume of applications.
  • 90% of applications: Unavailable due to low volume of applications.

2. Venture Capital Entrepreneur stream 

This visa is for people who have sourced venture capital funding from a member of the Australian Investment Council (AIC) (formerly known as the Australian Private Equity and Venture Capital Association Limited (AVCAL)).

With This Visa You Can

  • establish a new or develop an existing business in Australia
  • stay in Australia permanently
  • bring family members with you

Basic Eligibility

  • have funding of at least AUD1 million from an Australian venture capital firm
  • be nominated by an Australian state or territory government
  • be invited to apply

Length of Stay

Permanently

Cost

From AUD7,855

Processing Time

Unavailable due to low volume of applications

Relevant Visas

188E-888E

Entrepreneur Stream

188D-888D

Premium Investor Stream

188C-888C

Significant Investor Stream

188B-888B

Investor stream

188A-888A

Business Innovation stream

132

Business Talent (Permanent) visa