business visa
Business Talent Permanent Visa (subclass 132)
You, your partner, or you and your partner combined must satisfy all the below minimum visa requirements. The relevant or territory government body may set requirements that are higher than these minimum requirements (e.g. see below NSW and Victoria state sponsorship requirements):
- State sponsorship: Apply for state or territory government state nomination and have this application approved, and be invited to apply for the visa
- Age: You must also be younger than 55 years of age, although a state or territory can waive this requirement if your proposed business will be of exceptional economic benefit to the region where it will operate
- English: No English requirements
- Net business and personal assets: At least AUD 1.5 million that are legally acquired and can be transferred to Australia within two years after the visa is granted
- An overall successful business career
- No involvement in unacceptable business activities
- A genuine desire to own and maintain a management role in a business in Australia
Business Profile
- Total net value of assets in eligible business(es): Total net assets valued at least AUD400 000 as the ownership interest in one or more qualifying businesses for least two of the four fiscal years immediately before you are invited to apply and if the qualifying business(es) was a publicly listed company, then you have a shareholding of at least 10 per cent of the total issued capital.
- Total annual turnover of eligible businesses: At least AUD 3 million in one or more of your main businesses in at least two of the four fiscal years immediately before you are invited to apply. A maximum of two main businesses may be nominated and counted towards this minimum turnover requirement. See Appendix B
- Business ownership of at least:
- 51 per cent of a business with turnover of less than AUD 400 000 per year
- 30 per cent of a business with turnover of more than AUD 400 000 per year, or
- 10 per cent of a publicly listed company