The Business Talent visa (subclass 132)

Is a permanent residence visa for business people who intend to establish a new or develop an existing business in Australia.

Applicants for the subclass 132 visa must submit an Expression of Interest (EOI) through SkillSelect and be nominated by a state or territory government before being invited to apply for this visa.

BENEFITS

With this visa you and your family can have multiple entry, work, study, live in Australia as a permanent resident for five years.

You will need to apply for a resident return visa thereafter if you seek to travel overseas.

The two different streams

The significant business history stream: for high calibre business people who are owners or part owners of an overseas business and have a genuine and realistic commitment to participate in the management of a new or existing business in Australia

The venture capital entrepreneur stream: for facilitating the entry of migrant entrepreneurs with a high potential business idea who have sourced venture capital funding in Australia. Migrant entrepreneurs will be required to have
sourced at least $1 million in venture capital funding through a member of the Australian Venture Capital Association Limited (AVCAL), for early phase start-up, product commercialisation or business development and expansion.