Subclass 132 — Business Talent Visa — immi.wiki

The Subclass 132 Business Talent visa is a permanent visa for high-calibre business people who have been nominated by a state or territory government. Unlike the 188/888 pathway (which requires a provisional visa stage), the Subclass 132 grants permanent residence directly. The visa has two streams: the Significant Business History stream (for business owners or part-owners with substantial turnover and assets) and the Venture Capital Entrepreneur stream (for persons who have received venture capital funding from an Australian VC fund that is a member of the Australian Investment Council).

Significant Business History stream

• Net business and personal assets of at least AUD 1.5 million (adjusted annually)
• Annual business turnover of at least AUD 3 million (adjusted) in at least 2 of the 4 fiscal years preceding the application
• Have an ownership interest in a main business (at least 10%) — or 30% for smaller businesses
• Age: under 55 (state/territory may waive in exceptional circumstances)
• Business English (IELTS 4.5 per band or equivalent)
• State or territory nomination

Venture Capital Entrepreneur stream

• Have received at least AUD 1 million in venture capital funding from a member of the Australian Investment Council (formerly AVCAL)
• Intend to commercialise a high-value business idea or concept in Australia
• State or territory nomination

The application process begins with a state or territory government nomination. After receiving nomination, the applicant lodges the Subclass 132 visa application with the Department of Home Affairs via ImmiAccount. The visa is assessed against all criteria, including business history, asset verification, health, and character.

The Subclass 132 is a permanent residence visa. The holder must establish or develop a business in Australia within 2 years of grant. There is no restriction on the type of business or the applicant's role in it. Standard permanent residence conditions and travel facilities apply.