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.

More information is available from the following booklets:

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.

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.

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 online application using your 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.

You can submit any additional information, including Form 1023, through your ImmiAccount.

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.

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 need to provide documents to support your application for this visa. 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.

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

Use this checklist to make sure your application is complete.

Forms

  • Form 1139A Statement of Assets and Liabilities Position (68 kB PDF)
  • Document Checklist Business Talent (Permanent) visa (subclass 132) Document checklist for visa   applications (56 kB PDF)

Charges

Personal documents

Your identity

  • Certified copies of the biographical pages of the current passports or travel documents of all people included in the application (these are the pages with the holder's photo and personal details and the issue/expiry dates).
  • Two recent passport-sized photographs (45 mm x 35 mm) of each person included in the application.
    • These photographs should be of the head and shoulders only against a plain background.
    • Print the name of the person on the back of each photograph.
  • If your name has changed or the name of anyone included in your application has changed: a certified copy of evidence of the name change.

Your relationships

  • Certified copies of marriage certificates or relationship registrations for you and anyone else included in your application, even if they are not joining you in Australia.
  • If you are living in a de facto relationship: independent evidence that your relationship is genuine and continuing (for example, joint bank account statements, billing accounts in joint names or joint ownership of major assets).
  • If you or anyone included in the application has been widowed, divorced or permanently separated: a certified copy of the death certificate, divorce documents, or statutory declaration separation documents.
  • Evidence of financial dependency for all your family members aged 18 or older:
    • a certified copy of their birth certificate and proof of their relationship to you
    • proof that they live in your household
    • proof that they have been financially dependent on you for at least the 12 months immediately before you lodge your application.

Your children

  • Certified copies of birth certificates or the family book showing the names of both parents of all your dependent children.
  • If any dependent child included in the application is adopted: certified copies of the adoption papers.
  • If you want to bring a child younger than 18 years of age with you to Australia, and that child’s other parent is not included in the application: documentary evidence that you have the legal right to bring that child to Australia, such as:

Character requirements

  • Police checks for everyone included in the visa application who is 16 years of age or older:
    • an Australian National Police Check for anyone who has spent a cumulative total of 12 months or more in Australia since turning 16 years of age
    • police certificates from each country in which anyone in your application has spent a cumulative total of 12 months or more in the past 10 years since turning 16 years of age.

Provide the original certificates and keep a copy for yourself.

  • If anyone included in the application has served in the armed forces of any country: certified copies of their military service record or discharge papers.

Documents to show English language proficiency

  • For yourself and each of your dependants aged 18 years or older at the time of application, provide one of the following:
    • to show functional English: the results of an IELTS test that they each took less than 12 months before you lodge the application
    • if you or your dependents have less-than-functional English a statement indicating your intention to pay the second visa application charge for each person with less-than-functional English.

Net assets

  • A one-page summary statement outlining all your assets and liabilities on a day of your choice in the three months before you were invited to apply for this visa, with details of how those assets were acquired, including the source of funds.
  • Evidence of your ownership of each asset and liabilities (if any) against each asset (for example, mortgages, credit cards and loans, including unsecured and third-party loans):
    • for assets held by a trust: the trust deed
    • for cash assets: bank statements, all less than three months old, with the same date of issue
    • for real estate assets: title deeds, valuation certificates by an accredited property valuer, and mortgages
    • for personal or business loans: loan agreements, loan statements indicating the amount borrowed and the repayment schedule, and loans listed in the business balance sheet (for loans to or from a business)
    • for stocks and bonds: share or bond registers, share/fixed interest securities, debentures or transfer certificates.

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

Provide the documents in this section only if you are applying for this visa under the Significant Business History stream.

  • Evidence that you, your partner, or you and your partner combined hold total 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
  • Evidence that you, your partner, or you and your partner combined held total net assets of at least AUD400 000 in one or more qualifying businesses in at least two of the four fiscal years immediately before you were invited to apply for this visa.
  • Evidence of 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.
  • If a publicly listed company operates any of your qualifying businesses: evidence that you, your partner or you and your partner combined own at least 10 per cent of the issued shares of the publicly listed company.
  • Evidence of a business plan to indicate your intentions and efforts to actively participate in and manage the qualifying business, describing your proposed business activities in Australia and indicating how they will benefit Australia economically.
  • Evidence that you have participated in the day-to-day management of the business for two of the four fiscal years before you were invited to apply, such as:
    • a full set of financial statements for your business for two of the four fiscal years immediately before you were invited to apply for this visa (the statements must be prepared by an independent accountant to International Accounting Standards and include a balance sheet, profit and loss statement and notes to the accounts)
    • a one-page organisational chart showing your position in the business, staff attribution, management reporting lines and functional responsibilities.
    • photos of business premises and business activities (maximum six photos)
    • business contracts
    • minutes of meetings
    • documents initiated or authorised by you
    • if applicable: details if any of your businesses has operated at a loss, evidence if any of your businesses is or has been subject to insolvency, receivership or liquidation, or evidence of bankruptcy.

      The evidence needs to demonstrate your involvement in decisions about the management of all or substantial part of the business and responsibility for such areas as strategic management, recruitment, price structure, business profitability and expenditure.

  • Evidence of business ownership, such as:
    • full company extract or certificate of incorporation
    • shareholder certificate lodged with the Company Registrar, showing your share of capital
    • annual return of the business
    • memorandum and articles of association
    • certificate of business registration, business licence or business names extract for the business
    • franchise agreement, company registrar or share transfer documents
    • partnership agreements between all partners
    • if your business is a trust: full trust deed and amendments (including the names of all trustees and beneficiaries at the time when the trust was formed).

Venture Capital Entrepreneur stream

Provide the documents in this section only if you are applying for this visa under the Venture Capital Entrepreneur stream.

  • A legally binding venture capital agreement with an Australian company that is a member of the Australian Private Equity and Venture Capital Association Limited (AVCAL) to show that you have obtained venture capital funding of at least AUD1 million from an Australian venture capital firm, and a letter stating that the funding is for the start-up, development or expansion of a business, or for product commercialisation in Australia.
  • Evidence that your nominating Australian state or territory government agency is satisfied that you, your partner or you and your partner combined have sufficient assets to allow you to settle in Australia.
  • Evidence of your genuine and realistic commitment to continuously maintain a substantial ownership interest in new or existing eligible business in Australia and to engage directly and continuously in the daily management and decision-making of the business.
  • An overview of your business career and intentions in Australia, including a statement outlining your intended business and/or investment activities and a description of your research or study in relevant sectors in Australia.

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).

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.

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