Business Talent Visa (Subclass 132) 

Business Talent Visa (Subclass 132) is a permanent resident visa allowing the holder to remain and travel in and out of Australia indefinitely. This visa category is for establishing a new or developing an existing business in Australia.

132 Visa has two streams which are Significant Business History Stream or the Venture Capital Entrepreneur Stream (VCE). 

SBH stream is for high calibre overseas business owners and/or part-owners who want to establish or develop an existing business in Australia. To be eligible for SBH stream, the applicant must have 

• net personal and business asset of AUD1,500,000
• an annual business turnover of at least AUD3,000,000 in the two of four fiscal years before the application

VCE stream is for people who have received at least AUD 1 million in funding from an Australian venture capital firm and that funding is for the start-up, product commercialization or business development of a promising high-value business idea. For the VCE stream, the applicant must have 

• sourced venture capital funding from a member of the Australian Venture Capital Association Limited
• under 55 years of age for SBH stream,
• being sponsored by an appropriate regional authority of a state or territory government,
• having significant business and personal assets,
• having a commitment to maintain business in Australia,
• having a successful business career.

Once the visa expires, the Business Talent Visa applicant can apply for an RRV (Resident Return Visa) to continue living and conduct business in Australia. The spouse/de facto partner and dependent children can be included in the application.

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