Business Talent (Subclass 132) Permanent Visa

The subclass 132 Business Talent visa allows high-calibre business owners to migrate permanently to Australia. If you wish to apply for this visa, you must lodge an Expression of Interest. If this is successful, and you are nominated by a State or Territory, you will be invited to submit a visa application.

Significant Business History Stream

The Significant Business History Stream is for subclass 132 visa applicants who have had a very successful business career and wish to own and manage a new or existing business in Australia.

132 Visa Application Requirements

At the time that you are invited to apply for this visa, you must:

  • be nominated by an Australian State or Territory government agency.
  • be under 55 years of age.
  • genuinely wish to own, and maintain a major management role in, a business in Australia.

Note: If you are over the age of 55, your proposed business must be considered to be of exceptional economic benefit to the nominating State or Territory.

Business Experience

At the time that you are invited to apply for this visa:

  • you must demonstrate a successful business career.
  • you (and your spouse/de facto partner, if applicable) must have had no involvement in unacceptable business or investment activities.
  • in at least two out of the last four financial years, your main business(es) must have had an annual turnover of at least AU$3 million.

You (and/or your spouse/de facto partner, if applicable) must have an ownership interest (i.e. as a shareholder, partner or sole proprietor) in the main business(es) of at least:

  • 51% where the turnover was less than AU$400,000 per annum.
  • 30% where the turnover was AU$400,000 or more per annum.
  • 10% where the business was a publicly listed company.

Net Assets

You (and/or your spouse or de facto partner, if applicable) must:

  • in at least two out of the last four financial years have had net assets of AU$400,000 in a qualifying business in which you had an ownership interest.
  • have total net business and personal assets of at least AU$1.5 million that were lawfully acquired, and can be transferred to Australia within two years of the visa grant date

132 Visa Application Process

Applicants must be nominated by an Australian State or Territory government agency before they can be invited to lodge an application by the Department of Home Affairs.

In order to qualify for State/Territory nomination and an invitation to apply for this visa, you must lodge an ‘Expression of Interest’ (EOI), which sets out how you meet the requirements for the Subclass 132 Business Talent (Permanent) visa.

Step 1: Initial Eligibility Assessment

The first step that we will take is to conduct an initial assessment of your eligibility for this visa. Your initial eligibility assessment involves a review of the following –

  • your personal circumstances, assets and business history to determine which State/Territory may be suitable for nomination.
  • the applicability of your personal circumstances, assets and details of business history and proposed Australian business venture to the relevant criteria.
  • your immigration status is checked on VEVO (onshore clients only).
  • potential risks associated with your Subclass 132 (Business Talent) visa application.
  • visa eligibility is confirmed in compliance with the MARA Code of Professional Conduct.

Step 2: Expression of Interest

You must first submit an expression of interest through SkillSelect for nomination by an Australian state or territory government agency and then be invited to apply.

SkillSelect is an online service that enables skilled workers or business persons from overseas to express their interest in migrating to Australia. Prospective visa applicants must provide information about their skills and business history in SkillSelect.

Invitations to apply for a Subclass 132 Business Talent visa are sent through SkillSelct and are based upon a ranking of the attributes of all all prospective applicants.

Threshold eligibility criteria to complete an EOI
Business Innovation and Investment (188) and Business Talent (132)
Threshold criteria Business Visa Subclass
188 Business Innovation steam Investor stream 188 Significant Investor stream 188 Premium Investor stream 188 Entrepreneur stream 132 Significant Business History stream 132 Venture Capital stream
Age <55 or seeks exemption <55 or seeks exemption N/a N/A <55 or seeks exemption <55 or seeks
exemption
N/A
Personal and Business Assets AUD 800 000 AUD 2.25 million No AUD 1.5 million No
Business/Investment Requirement AUD 500 000 business turnover in 2 out of the last 4 fiscal years AUD 1.5 million AUD 5 million
(investment)
 AUD 15 million
(investment)
No AUD 3000000 business turnover in 2 out of the 4 fiscal years No
Complete Points Test Self‑Assessment Yes Yes No No No No No
Nomination by State/Territory government Yes Yes Yes No Yes Yes Yes
Nomination by Austrade No No Yes Yes No No No
AUD 1 Million Venture Capital No No No No No No Yes
AUD 200 000 from an approved Australian funding source No No No No Yes No No

Step 3: Nomination and Visa Application(s)

After an invitation is received, subclass 132 (Business Talent) visa applicants can apply for the state nomination or visa specified in their invitation.

The nomination and visa application(s) must be lodged within the validity period specified in the invitation issued in SkillSelect.

Book a Consultation

Consult with a qualified Registered Migration Agent to be sure you are making the best decisions for your circumstances. Please book an appointment to discuss your Australian visa application with a Registered Migration Agent.