Business talent (Permanent) visa (Subclass 132)
Australia Business Talent Visa is a permanent residency visa for those people who want to establish or starting a new or existing business in Australia.
The Business Talent Visa (Subclass 132) is a permanent resident visa for those who are willing to establish or develop a new or existing business in Australia. It requires the applicants to have sufficient funds and genuine intention to reside in a particular Australian state or territory.
Common Criteria
- Be nominated by a state or territory government
- Submit an Expression of Interest through Skill Select and be invited to apply
- Meet health and character requirements (including the dependent family members)
- Meet additional requirements of the stream applied
Visa Benefits
- Study, Work And Live In Australia For An Indefinite Period
- Get Health Coverage Through Medicare (Australia’s Scheme For Health-Related Care And Expenses)
- Apply For Australian Citizenship (After Fulfilling The Certain Criteria)
- Sponsor Eligible Relatives For Permanent Residence
- Leave And Re-Enter Australia Five Years From The Date The Visa Is Granted
Visa Streams
Significant Business History Stream
Australian Significant Business History Stream (Subclass 132) attract business owners who have good business history & want to start a business in Australia.
If you belong to a high-calibre business background or have been part time and looking to start your own business in Australia, you can apply for the visa under this stream.
- Stay in the nominated state or territory
- Maintain your business and investment activity in Australia even after the validity of your provisional visa is expired
- You, your partner or both have net assets of at least AUD5 million that are acquired legally and available for use to make the complying investment in Australia
- You must not have been associated or involved in deplorable business or investment activities
- You and all the dependent members of your family unit (above years 18 age) must provide assurance of not plunging into any action against the Commonwealth in case any loss happens concerning to the complying investment
- All the income earned from the complying investment in Australia must be subjected to tax under Australian taxation law
- Your complying investment or a complying significant investment must be of at least AUD 5 million over four years
- Your complying significant investment should be in the following proportions:
- At least AUD500, 000 in venture capital and growth private equity funds, which make investment in start-ups and small private companies
- At least AUD1.5 million in approved managed funds that invest in emerging companies listed on the Australian Stock Exchange
- At least AUD3 million in managed funds that invest in a range of assets including ASX listed companies or Australian corporate bonds, commercial real estate and annuities
Note: Investment must not be used as security or collateral for a loan. Also, there should not be direct investment in residential real estate and the indirect investment through managed funds in the same should be in a limited amount.
- Hold a visa in the significant investor stream for at least 3 years or Not have held more than one visa in the significant investor stream
- Be nominated by a state or territory agency
- Be genuinely intended to live in the nominated state or territory
- Have maintained the complying investment or complying significant investment consistently in compliance with the investment framework
- You and all the dependant family members (aged 18 years or above) must sign Form 1412 that acknowledges of undertaking responsibility for financial and legal affairs and not incur any liability to the Australian government
- You must also ensure that the company was operating a qualifying business for the entire duration in case the period of direct involvement was less than 2 years. If that period is more than 2 years, you must ensure that the company possessed a qualifying business for at least 2 years.
Venture Capital Entrepreneur Stream
Venture Capital Entrepreneur Stream is for people who have sourced venture capital to fund the start up or product commercialisation of a high value business idea.
If you have been in a legal venture capital agreement with an Australian organisation or company that is a member of the Australian Private Equity and Venture Capital Association Limited (AVCAL).
- Less than 55 years of age
- Must have at least $1 million in funding from an Australian Venture Capital Firm
- The venture must be a member of the Australian Private Equity and Venture Capital Association Limited (AVCAL)
- Must have formal agreement with the venture capital firm for the funding
- Must be genuinely involved in maintaining an ownership interest and engagement in business
- Meet the requirements of your venture capital agreement
Visa Class
Business Visa
Australian Business visa program provides potential immigrants an opportunity of either investing, establishing or managing business in Australia….
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FAQs About Temporary Work (Short Stay Specialist) Subclass 400 Visa
The Temporary Activity Visa (Subclass 400) is a type of visa that allows individuals to visit Australia for a temporary period to participate in specific activities, such as short-term work, cultural or sporting events, and other non-ongoing activities.
The Subclass 400 visa is available to individuals who are invited or required to participate in a specific short-term activity in Australia, such as skilled work, research, or an event, and meet the necessary health and character requirements.
The duration of your stay on a Subclass 400 visa depends on the purpose of your visit and the specific activities you will engage in. It can vary from a few days to a few months, as specified in your visa grant.
Generally, the Subclass 400 visa is granted for the duration required to complete the intended activity. Extensions are limited and granted only in exceptional circumstances.
Yes, you can work in Australia if the purpose of your visit requires you to undertake short-term, non-ongoing work. However, you cannot work for more than 6 months under this visa subclass.
To apply for a Subclass 400 visa, you need to submit an online application through the Australian immigration website. You will need to provide necessary documentation, including details about the activity, your passport, health insurance, and other supporting documents.
Processing times for the Subclass 400 visa can vary based on individual circumstances, the completeness of your application, and other factors. It’s recommended to apply well in advance of your intended travel dates.
Yes, health insurance is a mandatory requirement for all Subclass 400 visa holders. You must have adequate health insurance coverage for the duration of your stay in Australia.
Family members cannot be included in a Subclass 400 visa application. They will need to apply for their own appropriate visa if they wish to accompany you to Australia.
A limited study may be allowed if it is directly related to the purpose of your visit. However, if your main purpose is to study, you should consider applying for a different visa subclass designed for studying in Australia.
The cost starts from AUD 405 (except in limited circumstances). The cost of a Subclass 400 visa application varies depending on factors such as the purpose of your visit and your country of origin. It’s best to check the current visa application charges on the official Australian immigration website.
Yes, you can travel in and out of Australia multiple times on a Subclass 400 visa, as long as it is within the validity period of your visa.
There is no strict limit to the number of times you can apply for a Subclass 400 visa. However, it’s important to demonstrate genuine temporary-stay intentions each time you apply to avoid potential issues.
The Subclass 400 visa is a temporary visa and does not directly lead to permanent residency. If you are interested in pursuing permanent residency in Australia, you should explore other visa options that align with your long-term goals. Get in touch with us to know more about other visa options.
