Business Talented Permanent Visa (Subclass 132)

The Business Innovation and Investment Programme is designed to increase the number of business expertise in Australia. It is designed to target migrants with proven history of success in innovation and business and are able to make a significant contribution to the national innovation system and to the Australian economy.

The Business Innovation and Investment Programme is made up of three subclasses:

  • Business Talent Permanent Visa (Subclass 132)
  • Business Innovation and Investment (Provisional) Visa (Subclass 188)
  • Business Innovation and Investment (Permanent) Visa (Subclass 888).

Business Talented Permanent Visa (Subclass 132)

This visa allows you to establish your new business or develop an existing business in Australia.
You can apply for this business under two different categories:

  1. You have a significant business history and ownership whether full or part ownership.
  2. You have secured access to venture capital funding from a member of the Australian Venture Capital Association Limited (AVCAL).
  • You also need to be nominated by state or territory government,
  • You have assets of $1.5 million and business turnover of $3 million (1 above)
  • You have access to $1 million from a Venture Capital firm in Australia (2 above)