*We are not lawyers and we do not give legal advice. We refer our clients to competent immigration attorneys for legal assistance
With this permanent resident visa, you can start a business in Australia or grow an existing one. Certain foreign entrepreneurs may qualify for a visa of subclass 132. This visa requires the applicant to have a least in net business assets, personal assets, and yearly business revenue, or in venture capital financing. You must also be nominated by a state or territory government agency in Australia.
What Are the Benefits of a Subclass 132/Business Talent (Permanent) Visa?
The Business Talent (Permanent) Visa (Subclass 132) provides you and your family with all the privileges of permanent residence in Australia.
Work and reside in Australia permanently
Possibility of studying in Australia
Medicare is Australia’s national healthcare program.
Possibility of applying for Australian citizenship
Sponsoring family members for permanent residency
Free movement into and out of Australia
How Do I Apply for a Permanent Business Talent Visa (Subclass 132)?
Step 1: Verify that you satisfy all visa criteria
You must satisfy BOTH the basic requirements of the Subclass 132 visa AND the particular requirements of the application stream. The Subclass 186 visa permits two application streams:
Significant Business Stream for Business Owners or Partial Owners of High-Quality Who Want to Expand to Australia
Individuals who have received venture capital investment from a member of the Australian Venture Capital Association Limited are eligible for the Venture Capital Entrepreneur Stream (AVCAL)
Step 2: Expression of Interest (EOI) submission and invitation to apply through SkillSelect.
A state or territory government must designate you to apply for the Subclass 132 visa before you can submit an application. By submitting an EOI, these governments can evaluate your business claims and determine whether to nominate you.
If you are nominated, Skillselect will ask you to apply for a Subclass 132 visa. After receiving an invitation, you will have 60 days to submit your visa application online.
There is information accessible regarding business and jobs in several states and territories:
Commonwealth Capital Territory
State of New South Wales
The Northern Territories
Step 3: Prepare Your Documents
To substantiate your claims, the Subclass 132 Visa asks you to provide a number of papers with your application. In the Document Checklist, the documents are listed.
Step 4: Submit Your Application Online
Application for the Business Talent (Permanent) Visa (Subclass 132) must be made online. At the time of application, you must have all required papers and the visa application cost, which may be paid by credit card.
Step 5: Await a determination
The DHA may take many months to reach a determination on your visa application.
Step 6: Receive your visa and begin your employment
Upon approval of your application, you will obtain your visa and be able to begin working in Australia.