Business Talent (132)
Business Talent (132) Visa
Our experienced team can assist you with your Business Talent visa application - from lodging the initial Expression of Interest, to completing the visa application, and everything between.
To be eligible for a subclass 132 visa, you must:
- be under 55 years of age. This requirement may be waived by your nominating state or territory if your proposed business is deemed to be of exceptional economic benefit.
The Business Talent visa has two subclasses: the Significant Business History stream (subclass 132A), and the Venture Capital Entrepreneur stream (subclass 132B).
Significant Business History stream (132A)
You and/or your partner must satisfy all of the following criteria:
- total net assets of at least AUD400 000 as the ownership interest in one or more qualifying businesses for least two of the four fiscal years immediately before you are invited to apply and if the qualifying business(es) was a publicly listed company, a shareholding of at least 10 per cent of the total issued capital;
- net business and personal assets of at least AUD1.5 million that are legally acquired and can be transferred to Australia within two years after the visa is granted;
- total annual turnover of at least AUD3 million in one or more of your main businesses in at least two of the four fiscal years immediately before you are invited to apply;
- ownership of at least:
- 51% of a business with turnover of less than AUD400 000 per year;
- 30% of a business with turnover of more than AUD400 000 per year; or
- 10% of a publicly listed company;
- an overall successful business career;
- no involvement in unacceptable business activities; and
- a genuine desire to own and maintain a management role in a business in Australia.
Venture Capital Entrepreneur stream (132B)
You must have received at least AUD1 million in funding from an Australian venture capital firm in order to be eligible for this visa subclass.
The funding must be for the start-up, product commercialisation or business development of a promising high-value business idea.
The venture capital firm must be a member of the Australian Private Equity and Venture Capital Association Limited (AVCAL).
You must have entered into a formal agreement with the venture capital firm for the funding.