Let your talent decide your destination, apply for 132A business talent visa to get nominated
The Subclass 132 Business Talent Visas are permanent resident visas for successful business owners or those who have received funding for a Tasmanian project from an Australian venture capital firm to start a new or develop an existing business in Tasmania.
This requires the applicant to have sufficient funds and a genuine intention to reside in a particular Australian state or territory.
Start a new business or expand an existing one in Australia with this permanent resident visa. Some foreign entrepreneurs may be eligible for a Subclass 132 visa. This visa requires applicants to have a minimum net business, personal assets and annual business turnover or minimum venture capital. You must also be nominated for application by an Australian State or Territory government agency.
Step by step process to apply for a 132 A (Business Talent (Permanent) Visa
|Step 1||Start your Process with FBP|
|Step 2||Lodge your Skill Assessment|
|Step 3||Lodge Expression of Interest through SkillSelect|
|Step 4||Receive ITA (invitation to apply) for the visa|
|Step 5||Lodge Visa application (within 60 days of ITA)|
|Step 6||Receive 132A Visa Grant|
You must meet both the general requirements for a Subclass 132 visa and the specific requirements of the stream you are applying for. The subclass 186 visa can be applied for in two flows.
- Significant business flow for large business owners or parts owners looking to expand their business in Australia
- Venture capitalists for individuals who have received venture funding from members of the Australian Venture Capital Association Limited (AVCAL).
- To apply for a Subclass 132 visa, you must first appoint a visa application from the state or territory government. Submitting an EOI allows these governments to review your business claim and decide whether to nominate you.
- Once nominated, you must apply for a subclass 132 visa through Skillselect. You can apply for a visa online within 60 days of receiving the invitation letter.
- The Subclass 132 visa requires you to submit several documents with your application to prove your statement
- Designated by the Australian State or Territory government for immigration to Australia. You have been invited to apply through SkillSelect.
- When you enter Australia, you make a genuine and realistic commitment to starting a new or participating in an existing business, retaining significant ownership and participating in the day-to-day operations of your business.
Significant Business history stream
You are under 55 years of age unless the state or territory government determines that the proposed business has exceptional economic benefits.
- In at least 2 of the last 4 fiscal years, you have had:
- A minimum business net worth of AU$400,000;
- 10% of the shares of the business entity if it is a public entity.
- The company had annual sales of over A$3 million in two of the last four fiscal years.
- You have net asset of at least AUD 1.5 million.
Venture capital entrepreneur stream
To direct the Venture Capital Entrepreneur Stream, you must have a venture financing agreement of at least A$1 million through an Australian company that is a member of Australian Venture Capital Limited (AVCAL).
Business migration can be very difficult and even determining whether you are eligible can be difficult. You may also be eligible for multiple categories of business migrations.
The Business Talent (Permanent) Visa (Subclass 132) gives you and your family all the benefits of permanent residence in Australia.
- work and live in Australia indefinitely
- Opportunities to study in Australia
- Enroll in Medicare, Australia’s public health program.
- Ability to apply for Australian citizenship
- Sponsoring Relatives for Permanent Residence
- Travel to and from Australia the way you want
The Department of Immigration and Border Protection (DIBP) issues the Business Talent Visa (subclass 132). The Business Talent Visa Venture Entrepreneurship Stream provides permanent, direct entry to migrant entrepreneurs who have successfully secured venture capital funding through AVCAL Venture Capital Members.
The Australian Private Equity and Venture Capital Association (AVCAL) is the voice of private equity (PE) and venture capital (VC) in Australia. We are an Australian-based advocacy group of 54 national and international venture capital and private equity managers, pensions/super funds, service providers and other stakeholders.
AVCAL actively promotes, researches and promotes the significant contribution of venture capital and private equity to the Australian economy as a whole. 4,444 Australian venture capital firms and private equity firms manage over $29 billion of funds. We provide capital and expertise to companies across the diverse business lifecycles of startups, small businesses and large enterprises. AVCAL VC and PE members focus on enhancing innovation, productivity, entrepreneurial activity and sustainability in the companies they invest in. Australian VC and PE firms currently back more than 500 companies which employ over 100,000 fulltime equivalent jobs.