Subclass 132 (Business Talent) Permanent Visa

Overview:

The Subclass 132 (Business Talent) Permanent Visa is a direct pathway to obtaining a green card for business migrants. It has relatively lenient immigration monitoring requirements. However, applicants need to invest in projects recognized by the state government and actively participate in management. There is a two-year monitoring period, with a review after two years. Failure to invest or participate in management during this period may lead to visa cancellation. Once the review is successfully passed, there are no further restrictions. This visa has two streams: 132A Business Talent stream and 132B Venture Capital Entrepreneur stream.

 

Suitable for:

 

• 132A is for owners of larger companies.
• 132B is for investors planning to make venture capital investments in Australia.

 

Visa Advantages:

No points, no English language, no education, no occupation assessment requirements.

 

132A Application Requirements:

 

• Age requirement: Below 55 years or state government exemption.
• Company shareholding requirement: Holding at least 30% of the shares in the company for at least 2 years out of the past 4 years (10% for publicly-listed companies).
• Company asset requirement: The shares' value should exceed AUD 400,000 during the corresponding 2-year period.
• Company turnover requirement: The company should have an annual turnover exceeding AUD 3 million during the corresponding 2-year period.
• Company management requirement: Actively manage the daily operations of the company.
• Personal net asset requirement: Total family net assets should be above AUD 1.5 million.
• State government requirements: Different state governments have different investment amount requirements.

 

132B Application Requirements:

 

Investment amount requirement: Obtain AUD 1 million in funding from an Australian venture capital firm.

Investment area requirement: Investment area must be approved by the venture capital firm.

State government requirement: The investment plan must be approved by the state government.

Processing Time: Priority processing