Business Talent (Permanent) visa (subclass 132)

Features

​​This visa allows you to establish a new or develop an existing business in Australia. It has two streams:

  • Significant Business History stream: for high-calibre business owners or part-owners who want to do business in Australia
  • Venture Capital Entrepreneur stream: for people who have sourced venture capital funding from a member of the Australian Venture Capital Association Limited (AVCAL).​

Eligibility

You must:

  • be nominated by a state or territory government agency
  • be invited to apply for the visa
  • have assets of AUD 1.5 million and business turnover of AUD 3 million (Significant Business History stream) or
  • have funding of at least AUD 1 million from an Australian venture capital firm (Venture Capital Entrepreneur stream).

 

Length of stay

Permanently

Cost

From AUD 7,130

Learn about...​

The process

Processing time

Stream75 per cent of applications processed90 per cent of applications processed
Venture Capital Entrepreneur14 Months15 Months
Significant Business HistoryUnavailable due to low volume of applications.Unavailable due to low volume of applications.

Last updated 16 October 2017 (for month ending 30 September 2017)

Processing times vary.

For more information read Global visa and citizenship processing times

Eligibility

Who could get this visa

The Business Talent visa (subclass 132) is for business people who are nominated by an Australian state or territory government agency.

To be able to get this visa you need to submit an Expression of Interest (EOI) through SkillSelect and then be invited to apply.

    You might be able to get this visa if:
  • you are nominated by a state or territory government
  • are invited to apply
  • you and your family members (whether or not they are included in your application) meet health and character requirements
  • you meet the additional requirements for the stream in which you apply.

Health requirements

You must meet certain health requirements. The results are usually valid for 12 months.

This also applies to all members of your family unit included in your application, whether they are migrating or not.

Character requirements

You must meet certain character requirements. You must be prepared to provide a police certificate from each country you have lived in for 12 months or more during the past 10 years after you turned 16 years of age. Do not arrange for police certificates until we ask you to.

This applies to you and all members of your family unit listed in your application, whether they are migrating or not.

Debts to the Australian government

You must have no outstanding debts to the Australian Government or have arranged to repay any outstanding debts to the Australian Government before this visa can be granted.

Significant Business History stream

    You, your partner, or you and your partner combined must have all of the following:
  • 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
  • a 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 per cent of a business with turnover of less than AUD400 000 per year
    • 30 per cent of a business with turnover of more than AUD400 000 per year, or
    • 10 per cent of a publicly listed company
  • an overall successful business career
  • no involvement in unacceptable business activities
  • a genuine desire to own and maintain a management role in a business in Australia.

You must also be younger than 55 years of age, although a state or territory can waive this requirement if your proposed business will be of exceptional economic benefit to the region where it will operate.

Venture Capital Entrepreneur stream

You must have received at least AUD1 million in funding from an Australian venture capital firm.

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). AVCAL has information about the venture capital category of membership in its Venture Capital entrepreneur visa factsheet.

You must have entered into a formal agreement with the venture capital firm for the funding.

The visa

About this visa

The Business Talent visa (subclass 132) allows you to establish a new or develop an existing business in Australia.

What this visa lets you do

    It lets you and any member of your family unit who has also been granted this visa:
  • stay in Australia indefinitely
  • work and study in Australia
  • enrol in Medicare, Australia's scheme for health-related care and expenses
  • apply for Australian citizenship (if you are eligible)
  • sponsor eligible relatives for permanent residence
  • travel to and from Australia for five years from the date the visa is granted (after that time, you will need a resident return visa or another visa to return to Australia).

You might qualify for a Special Benefit from Centrelink if you suffer a major change of circumstances that is beyond your control.

Significant Business History stream

    After entering Australia, you must:
  • establish a qualifying business in Australia, or
  • participate in an existing qualifying business in Australia.
    In the business, you must:
  • maintain substantial ownership
  • maintain direct and continuous involvement in the day-to-day management of the business
  • make decisions that affect the overall direction and performance of the business in a way that benefits the Australian economy.
    After becoming involved in business in Australia, you will be asked to complete:
  • Form 1010 Survey of Business Skills visa holders (160 kB PDF).

Venture Capital Entrepreneur stream

    You must:
  • meet the requirements of your venture capital agreement after you enter Australia
  • have a genuine and realistic commitment to continuously maintain an ownership interest and engagement in your business and/or investment.

Cost

From AUD 7,130

    You might have to pay additional costs for:
  • Additional applicant 18 and over
  • Additional applicant under 18
Other costs

You might have to pay other costs, such as the costs of health assessments, police certificates, or any other certificates or tests. You are responsible for making the necessary arrangements.

Use the Visa pricing estimator to estimate the cost of your application.

Visa pricing estimator

Note: The estimator does not calculate additional costs.

Location

You and anyone included in your application can be in or outside Australia when the application is lodged and the visa is decided.

How long the visa lasts

This is a permanent residence visa

Family

    You can include the following people in your visa application at the time of lodgement:
  • your partner
  • your child/step-child or your partner’s child/step-child.

For detailed information regarding who you can include in your application see including family members in your application.

The application must include documentary evidence of their relationship to you.​​

Members of your family unit must be able to show that they meet

health and character requirements.​

Your obligations

You and your family must comply with all visa conditions and Australian laws.

You must fulfil your business obligations.

If you are outside Australia when the visa is granted, you must enter Australia by a specified date. We will tell you what this is. Your family members might not be allowed to marry or enter into a de facto relationship before they enter Australia. We will tell you if this condition applies.

You must tell us your residential address within six months of arriving in Australia.

    Every time you change address (even to somewhere outside Australia), you must send a new form to us within 28 days of the move:
  • Form 929 - Change of address and/or passport details (86 KB PDF).

You might be able to update your address and passport details using ImmiAccount.

Follow these steps

This information tells you what you need to do to apply for a Business Talent visa (subclass 132).You must be invited to apply. Your letter will tell you how to lodge your application online using SkillSelect.

  1. Before you apply

    Expression of Interest (EOI)

    To be able to apply for this visa, you must first submit an Expression of Interest (EOI).

    Your passport

    You need a valid passport or other travel document for this visa. If you plan to get a new passport, you should do so before applying for your visa.

    If you get a new passport after you have lodged your application, give the details of your new passport to one of our offices.

    You might be able to update your passport details using ImmiAccount.

  2. Gather documents

    You need to provide documents to prove the claims you make in the application.

    We can make a decision using the information you provide when you lodge your application. It is in your interest to provide as much information as possible with your application. Some documents could take some time to obtain. You should have them ready when you lodge the application to reduce any delays in processing.

    You must provide certified copies of original documents. Do not include original documents unless we specifically ask for them. Documents not in English must be accompanied by accredited English translations.

    Your business documents

      Overview of your business career and intentions in Australia, which can include:
    • a statement outlining your intended business and/or investment activities
    • a description of your research or study in relevant sectors in Australia
    • a description of the business activities of the business in Australia in which you have an interest, and the period of ownership (if applicable).

    Significant Business History stream

    Venture Capital Entrepreneur stream

    Prepare your documents

    You need to provide documents to prove the claims you make in the application.

    Some documents could take some time to obtain. You should have them ready when you lodge the application to reduce any delays in processing.

  3. Apply

    Lodge your application online

    Pay the visa application charge by credit card when you apply. You must also send your documents as soon as you lodge your online application.

    • If you hold a passport of the People's Republic of China (PRC), Hong Kong, Macau or Taiwan: send the documents to the Australian Consulate General in Hong Kong.
    • If you hold any other passport: send your documents by registered post to the Adelaide office in South Australia - attention the Adelaide Business Skills Processing Centre. in South Australia.

    More information

      Please refer to preparing your application, for information on:
    • certifying and translating documents into English
    • communicating with us
    • using a migration agent
    • authorising another person to receive information from us
    • receiving assistance with your application.​​​​
  4. After you apply

    After you have lodged your application and documents, we will acknowledge that we have received your information.

    We will also assign you a case officer.

    You can track and manage your application using ImmiAccount.

    Provide more information

    You can provide more information to us, at any time until a decision is made on the application.If you want to correct information you provided, use:

    • Form 1023 - Notification of incorrect answer(s) (99KB PDF)'Form 1023 - Notification of incorrect answer(s) (99KB PDF)

    We could also ask you for more information. You will have to respond by a set date. After that date, we can make a decision about your application using the information that we have.

    If another person gives us information that could result in you being refused a visa, we will usually give you the opportunity to comment on the information.

    You might also be interviewed. If you are asked to attend an interview in person, bring your passport or other identification and any requested documents to the interview.

    If another person gives us information that could result in you being refused a visa, we will usually give you the opportunity to comment on the information.

    You might also be interviewed. If you are asked to attend an interview in person, bring your passport or other identification and any requested documents to the interview.

    Wait for a decision

    We have visa processing times for each visa.

    Your application could take longer if you need character or health checks (including x-rays), if you need to provide more information, or if your application is incomplete.

    Outside Australia:

    If you apply for this visa from outside Australia, do not make arrangements to travel to Australia until you are advised in writing that you have been granted a visa. Wait for a decision from us before you leave your job, sell your home or book your travel.

    In Australia:

    If you apply for this visa in Australia, you could be eligible for a Bridging visa that allows you to stay in the country lawfully while your application is processed. If you are given a Bridging visa A, you can apply for a Bridging visa B (BVB) to travel outside Australia while you wait for a decision.

    Visa decision

      If the visa is granted, we will let you know:
    • when you can use the visa
    • the visa grant number
    • any conditions attached to the visa.
      If the visa is not granted, we will let you know:
    • why the visa was refused
    • your review rights (if any). Where applicable, your sponsor can apply for the decision to be reviewed
    • the time limit for lodging an appeal.

    Tell us of changes

    You must tell us if your circumstances change. This includes a new residential address, a new passport, or a pregnancy, birth, divorce, separation, marriage, de facto relationship or death in your family.

    More information is available in the Tell us of changes tab.

Tell us of changes

Changes to your circumstances

    Please report changes in your circumstances via ImmiAccount. If you are not able to use ImmiAccount, you can use the following forms:
  • Form 929 - Change of address and/or passport details (86KB PDF) — if you move to a new address or change your passport
  • Form 1022 - Notification of changes in circumstances (77KB PDF) — if there are other changes in your circumstances.

If you do not provide us with the details of any new passport issued to you, you could experience significant delays at the airport and may be denied permission to board your plane.

You might be able to update your address and passport details using ImmiAccount.

Withdrawing your application

​You can withdraw the application at any time before we make a decision about it. To do this, send us a letter or email to ask for the withdrawal. Your request must include your full name and date of birth. You should also include your file reference number, client ID, or a Transaction Reference Number.

​​​All applicants 18 years of age or older, wishing to withdraw, must sign the request for withdrawal.​​​​​​

Estimate the cost of your visa

* Price will be displayed in Australian dollars unless changed.
The following Visa Pricing Estimator requires you to answer the questions as accurately as possible to provide you with an estimate for lodging a visa application. The estimator might not include the second instalment of the visa application charge which is payable for some visas. Please note this is an estimate for a visa application, if you have already lodged your application and you want to change/add applicants please refer to the Visa Pricing Table. The Department of Immigration and Border Protection Visa Pricing Estimator will give you an estimate of the charges you may need to pay to lodge a visa application. This is paid after you have made your application but before the visa can be granted. Read the department's full disclaimer. The Commonwealth of Australia does not guarantee the accuracy, currency or completeness of any material in the Visa Pricing Estimator.