Business Talent Visa (Subclass 132)
Overview
The Skilled Independent Visa (Subclass 189) is a permanent visa for skilled workers who want to live and work in Australia without being sponsored by an employer, state, territory, or family member. As part of the General Skilled Migration program, this visa addresses workforce shortages by inviting talented professionals from across the globe.
Streams of Subclass 132 Business Talent Visa
1. Significant Business History Stream
This stream is for experienced business owners with a proven track record of running successful businesses. It allows them to either establish a new business or manage an existing one in Australia.
Processing Time: 16 to 27 days
Eligibility Criteria:
Applicants must:
- Have a successful business career with at least two fiscal years of ownership in a business.
- Hold net assets worth AUD 1.5 million or more.
- Demonstrate an annual turnover of at least AUD 3 million in one or more businesses.
- Be under 55 years of age (or older if the nominating state or territory government allows an exception).
- Be nominated by a state or territory government.
- Have functional English.
- Meet health and character requirements.
Application Process:
- Submit an Expression of Interest (EOI) through SkillSelect, including skills, qualifications, and business experience.
- Obtain a nomination from a state or territory government.
- Receive an invitation from the Department of Home Affairs.
- Lodge the visa application and submit required documents.
2. Venture Capital Entrepreneur Stream
This stream is for entrepreneurs who have secured funding from a venture capital firm to establish or expand a business in Australia.
Processing Time: No standard processing time is available.
Eligibility Criteria:
Applicants must:
- Have a genuine intention to operate and grow the business.
- Maintain ownership in the business or investment.
- Secure venture capital funding of at least AUD 1 million from an Australian Venture Capital Association Limited (AVCAL) member.
- Fulfill the requirements of the venture capital agreement.
- Be nominated by a state or territory government.
- Have functional English.
- Meet health and character requirements.
Application Process:
- Submit an Expression of Interest (EOI) through SkillSelect, outlining your business proposal, qualifications, and experience.
- Obtain a nomination from a state or territory government.
- Receive an invitation from the Department of Home Affairs to apply for the visa.
- Lodge the visa application and submit supporting documents.
Key Benefits of Subclass 132 Business Talent Visa
- Permanent Residency: Stay indefinitely in Australia.
- Business Opportunities: Establish, manage, or expand your business in a thriving economy.
- Family Inclusion: Bring eligible family members to live, work, and study in Australia.
- Pathway to Citizenship: Qualify for Australian citizenship after meeting residency requirements.
Why Choose CG Migration Services?
At CG Migration Services, we understand that navigating the complex application process for a Subclass 132 Business Talent Visa requires precision and expertise. Our team of experienced migration agents is committed to:
- Providing personalized guidance for your visa pathway.
- Assisting with document preparation and submission.
- Ensuring compliance with Australian migration laws and requirements.
Start Your Journey Today!
Bring your business vision to life in Australia with the Subclass 132 Business Talent Visa.
Book a consultation today with our registered migration agents to explore your options and kickstart your journey to a brighter future in Australia.
Contact Us
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CG Migration Offices
- HWT Tower, Level 6, Suite 614/40 City Rd, Southbank VIC 3006, Australia
- info@cgms.com.au
- +61 450 409 940