Australia 132 Business Talent (Permanent) visa has obvious advantages compared to the others, and is a one-step Australian investment immigration visa category.

The 132 visa does not require temporary residence visa transition, and the whole family can obtain permanent residence status without grading and English language abilities. The residence requirements are flexible, therefore, it is the most popular by visa applicants.

In addition to meet the requirements of the Australian Immigration Service for the 132 visa, the applicant needs to obtain a state/territory government guarantee, usually requiring applicants to invest a certain amount of money to establish or invest in a business in the state, and operate for at least 2 years or more.

After 2 years, the State Government and the Immigration Bureau will conduct certain checks on the applicant’s business to verify whether the applicant’s investment is in place and meet the original guarantee requirements.

Each state has its own different guarantee requirements. Visa applicants will need to make appropriate choices based on their own circumstances.

Basic eligibilities:

  • Be nominated by an Australian state or territory government agency.
  • Be invited to apply for the visa.
  • Have the required funding or assets.

There are two categories of the 132 Business Talent (Permanent) visa:

Significant Business History Stream – this visa is for experienced business owners to operate a new or existing business in Australia.

You must have:

  • A net value of at least AUD$1.5 million (lawfully acquired).
  • An annual business turnover of at least AUD$3 million for at least 2 of the 4 fiscal years immediately before you are invited to apply.
  • A total net asset of at least AUD$400,000 as the ownership interest in one or more qualifying businesses for least 2 of the 4 fiscal years immediately before you are invited to apply.

Venture Capital Entrepreneur Steam – this visa is for people who have sourced venture capital funding from a member of the Australian Investment Council (AIC) – formerly known as the Australian Private Equity and Venture Capital Association Limited (AVCAL).

You must have:

  • Funding of at least AUD$1 million from an Australian venture capital firm.

With Business Talent (Permanent) Visa (Subclass 132), you can:

  • Establish a new or develop an existing business in Australia.
  • Stay permanently in Australia.
  • Work and study in Australia.
  • Bring family members with you.
  • Enrol in Australia’s public health care scheme, Medicare.
  • Sponsor certain relatives to come to Australia.
  • Travel to and from Australia for 5 years.
  • Apply for Australian citizenship if eligible.
  • Newly arrived residents may have to wait before they can access certain Australian Government payments and benefits.
  • Include members of the family unit in your application when apply and at any time before immigration decide on your application.
  • Family members who apply for the visa must meet our health and character requirements.
  • Family members who are not coming to Australia might also have to meet our health and character requirements.

This visa is suitable for the applicants who can tolerate high risk, although the 132 visa does not seem to require high investment funds. However, the industries to be invested in are all high-risk and high-reward industries. it is recommended for families with strong assets or sufficient liquidity funds.

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