Business Talent Visa (subclass 132)
Business Talent (subclass 132) visa applications are by invitation only.
About This Visa
Business Talent Visa (subclass 132) visa applications are by invitation only.
To be invited to apply applicants must:
- Lodge an Expression of interest;
- Be nominated by a State or Territory government; and
- Have personal and business assets over AUD 1.5 million (AUD 400,000 must be net assets in the business); and
- Have a turnover of AUD 3 million; or
- Have obtained at least AUD 1 million in funding from an Australian venture capital firm for a promising high value business idea.
Applicants may apply through to streams:
The Significant Business History Stream: This is for affluent owners or part owners of a business who want to have a major management role in a new or existing business in Australia.
- Be less than 55 years old (this requirement may be waived if the proposed business will be of exceptional economic benefit to the region);
- Net assets of at least AUD 400,000 in a qualifying business in 2 of the past 4 fiscal years before they are invited to apply;
- Total assets of at least AUD 1.5 million that are capable of being legally transferred within 2 years of the visa been granted;
- A total annual turnover of at least AUD 3 million (in one or more of the applicant’s main businesses) in 2 of the past 4 fiscal years before they are invited to apply;
- Ownership of at least:
- 51% of a business with an annual turnover of less than AUD 400,000; or
- 30% of a business with an annual turnover of more than AUD 400.000; or
- 10% of a publicly listed company; and
- An overall successful business career with no involvement in unacceptable business activities and a genuine desire to own and maintain a management role in a business in Australia.
The Venture Capital Entrepreneur Stream: This is for people who have obtained at least AUD 1 million in funding from an Australian venture capital firm.
How can CTG Lawyers help you?
Business Talent (subclass 132) visas can be refused for several reasons. Business Talent (subclass 132) visa applications have strict criteria which must be met and there are very few waiver provisions for the age, English language and skill requirements.
To satisfy these requirements, it is essential that all applications are assessed, structured and lodged in a way that meets all applicable DIBP law and policy. CTG Lawyers has the expertise to handle the most complex cases and achieve the best outcomes in circumstances where the applicant would have failed had they applied without our support.
What to do next
To get the right advice, contact us for a consultation with one of our specialist advisors.