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).​

Requirements

You might be able to get this visa if you are nominated by a state or territory government agency and are invited to apply by the minister.

You must also either:

  • have net business and personal assets of at least AUD1.5 million and an annual business turnover of at least AUD3 million if you intend to apply for the visa in the Significant Business History stream, or
  • have obtained at least AUD1 million in venture capital funding to start the commercialisation and development of a high-value business idea in Australia if you intend to apply for the visa in the Venture Capital Entrepreneur stream.

About this visa

The Business Talent visa (subclass 132) is a permanent residence visa 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 can be in or outside Australia when you apply and when the visa is decided.

    What this visa lets you do

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

    This is a permanent residence visa. It lets you and any family members who have also been granted this visa to:

    • 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).

    Before you apply

    To be able to apply for this visa, you must first lodge an expression of interest and then be invited through SkillSelect to apply.

    Your expression of interest must specify:

    • which stream you intend to apply under
    • whether you are interested in business in just one or all Australian states and territories.

    When you have lodged your expression of interest, a state or territory government could examine it and decide whether to nominate you to apply for a visa. State and territory authorities have their own criteria for deciding who to nominate. In some cases, the authority might contact you before you are nominated to discuss employment possibilities. In others, the authority will wait for you to contact it.

    If you receive an invitation, you will have 60 days to apply online for the visa. During that time, you cannot change the information in your expression of interest. If you receive two invitations to apply for a visa and you do not lodge an application, your expression of interest will be removed from SkillSelect. If you still want to apply for a visa, you will need to lodge a new expression of interest.

    Although you do not need to provide supporting documents with an expression of interest, your visa application is likely to need extensive supporting documentation, as listed in the document checklist. Start compiling your documents early in the process, so you can respond within the 60 days if you receive an invitation.

    Information about business and employment in various states and territories is available:

    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.

    No further stay condition

    You cannot apply for this visa if you already hold another visa that has a ‘No further stay’ condition.

    Contact us if you are not sure whether your current visa conditions prevent you from applying for a further visa while you are in Australia.

    Cost

    The visa application charges are listed in Fees and charges.

    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.

    Visa applicants

    This information tells you what you need to do to apply for a Business Talent visa (subclass 132).

    Who could get this visa

    You might be able to get this visa if:

    • you are nominated by a state or territory government
    • you 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 dependent family members 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 the dependent family members 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.

    Including family in your application

    You can include the following people in your visa application:

    • your partner (married or de facto)
    • your or your partner’s dependent children
    • other dependent relatives.

    These family members must meet the requirements for including family members in your application. The application must include documentary evidence of their relationship to you.

    Your family members must be able to show that they meet health and character requirements.

    How to apply

    This information explains what you need to do to apply for a Business Talent visa (subclass 132).

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

    You must be invited to apply. Your letter will tell you how to lodge your application online using SkillSelect.

    Prepare your documents

    You need to provide documents to prove the claims you make in the application. The documents are listed in the Document checklist.

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

    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.

    More information

    There is more information to help you prepare your application, such as certifying and translating documents into English, communicating with us, using a migration agent, authorising another person to receive information from us, and receiving assistance with your application.

    After you have applied

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

    We will also assign you a case officer.

    You can track and manage your application using ImmiAccount.

    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.

    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:

    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.

    Report changes in your circumstances

    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.

    You can use the following forms:

    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 the number we gave you when you applied, if you know it – this could be a file reference number, client ID, or a Transaction Reference Number.

    If you are 18 years of age or older, you must sign the letter of withdrawal or send a separate email or letter.

    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.

    You will not have a visa label placed in your passport.

    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.

    Document checklist

    You must provide documents to support your application for this visa.

    Use the Business Talent (Permanent) visa (subclass 132) document checklist​​ to make sure your application is complete.

    Visa holders

    This information is for people who have already been granted a Business Talent visa (subclass 132). It explains your rights and obligations.

    You can use Visa Entitlement Verification Online (VEVO) for free to check your visa details and entitlements.

    What this visa lets you do

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

    This is a permanent residence visa. It lets you and any family members who have also been granted this visa to:

    • 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.

    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.

    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.
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    Estimate the cost of your visa

    * Price will be displayed in Australian dollars unless changed.
    The 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 does 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.

    Last reviewed

    Thursday 27 November 2014