The Business Talent (Permanent) Visa (Subclass 132) allows you to establish a new or develop an existing business in Australia.
There are two 132 Visa Streams:
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.
Different States have different requirements.
Click on the State to check the requirements:
Learn more about The Process and Follow These Steps before you Apply.
132 Visa Business Plan
Our business plan shows the details of the current business activity and performance as well as evidence of market research and a genuine commitment to enter into business in Australia and all the information formerly presented in the following manner:
Details of business:
- A full description of the business activity;
- A full description of the products and services to be provided;
- Where will the business be located?
- Who will own the business?
- How many staff will the business employ?
Details of Market:
- Name customers, the products they will buy, at what volume, at what price, how many sales will be export sales;
- Name suppliers, what products/inputs they will supply, at what volume, at what price;
- Name your three closest competitors, what product they supply, at what price.
Details of Finance:
- Profit and loss statement;
- Balance Sheet;
- Cash flow Statement;
- Ratio analysis;
- Break-even point analysis;
- Identify working capital and how it will be financed and so on.