Apply for Business Talent (Permanent)
Visa (Subclass 132)
As the name itself tells you, a Business Talent Visa 132 is a permanent visa
that requires a recommendation from the Australian Authorities/Government.
As the name itself tells you, a Business Talent Visa 132 is a permanent visa that requires a recommendation from the Australian Authorities/Government. This is an Australian Visa that allows you to establish a new or extend the existing business in the country. This visa is further categorised into two main classes that will be seen in the later section.
Since this is a permanent visa, it requires a lot of effort to put into it. Wouldn’t it be great if the efforts get covered by a Migration Agent in Adelaide? Well, yes. A reliable migration agent is well-versed with almost every type of visa that you might be seeking to apply for. At Ausyes Migration, our crew of professionals have the required expertise to make you surpass every difficult wind that is coming in between you and your dreams.
What are the Benefits of a Business Talent Visa Subclass 132?
There are various benefits of a Business Talent Visa, have a look at them in detail:
- You can stay in Australia for an indefinite period.
- You will have the full rights to work and study in Australia.
- For the initial 5 years, you will have the rights to travel in and out of Australia.
- You can also sponsor your relatives to come and stay with you in the country.
- You will be eligible to participate in various Healthcare and Medicare schemes.
- If you stand out on all the eligibility requirements, you can then apply for Australian Citizenship as well.
Eligibility Criteria For a Business Talent Visa Subclass 132
If you wish to apply for this visa, then you have to fulfil all the eligibility requirements of this visa. These are:
- You must be nominated by an Australian State/Territory Government Agency.
- You must receive an invitation to apply for this visa through the Skillselect criteria.
- To apply for the visa, you must have the required funds or assets asked by the Australian Authorities.
- You must have the real intention of establishing a new business or participating in a new business after entering Australia. Besides, have a real commitment to maintain substantial ownership interest and involvement in the day to day management of the business.
What are the Requirements For a Business Talent Visa Subclass 132?
There are various requirements of a Business Talent Visa Subclass 132. These are:
- You must have at least a functional level of English Language Skills.
- You must match the necessary character and health requirements.
- You must meet the needs of your business.
- You must submit the details of your nomination to apply for this visa.
- You must not have faced any visa cancellation or rejection in your past.
- The applicant should be below 55 years of age to apply for this visa.
- To apply for this visa, you must have a net asset of AUD 1.5 Million.
- You must have a turnover of at least AUD 3 Million.
- You must have a net worth of at least AUD 400,000.
What are the Streams of a Business Talent(Permanent) Visa Subclass 132?
There are two main streams of a Business Talent(Permanent) Visa 132. These are mentioned below.
Significant Business History Stream
This stream is for experienced visa owners who wish to operate a new or existing business in Australia. To apply for this stream, you must have a net value of at least AUD 1.5 Million. Besides, you should have an annual business turnover of at least AUD 3 Million for at least 2 of the 4 fiscal years just before you were invited to apply for this visa stream. Lastly, you should maintain net assets of at least AUD400,000 as the ownership interest in one or more business for at least two of the last four fiscal years before getting an invitation to apply for the visa.
Venture Capital Entrepreneur Stream
This visa stream is for people who have secured funds from a member of the Australian Investment Council(AIC) (earlier known as Australian Private Equity and Venture Association Limited). To apply for this visa, you must have funding of at least AUD 1 Million from the Australian Venture Capital Firm.
Both the visa streams let you stay in Australia permanently.
How Can You Apply For a Business Talent (Permanent) Visa 132?
The steps to apply for a Business Talent visa are given below:
Go through all visa requirements
To apply for the visa, first of all, go through the visa requirements of the visa according to the stream you are applying for. Since there are two visa streams, the requirements for both are entirely different.
Submit an Expression of Interest
Before applying to apply for the visa, ensure to get a nomination from an Australian State/Territory Government. Submitting an EOI permits the authorities to make a final decision of nominating you or not for this visa. If you get nominated, you will then receive the invitation to apply for the visa.
Prepare your documents and apply online
You will have to gather your important documents that need to be submitted at the time when authorities ask for them. Once done, you can then apply for a visa online. Ensure that you have all your documents ready along with the visa application fee that can be deposited via several modes.
Wait for the final decision
Once you have applied online, you will have to then wait for the Australian Authorities to make a final decision on it.
Get your visa
If your visa application gets approved, you’re all set to fly the land down under and start working.
How is Ausyes Migration Your Business Talent Visa 132 Agent in Adelaide?
By now, you must have understood the inside-outs of the business talent visa. Though it may seem easy to process, it isn’t that easy in reality. It’s rather better to hire a migration agent in Adelaide who is well-aware of this visa in detail. Auyses Migration is an association of experts who have the calibre and talent to make you apply for this visa with minimal or no difficulty at all.