Business Talent (Permanent) visa (subclass 132)

The Business Talent (Permanent) visa (subclass 132) is a visa that allows individuals to establish a new or develop an existing business in Australia. It is designed to attract business owners, investors, and entrepreneurs who can contribute to the Australian economy.

Basic Eligibility

In order to be eligible for the Business Talent (Permanent) visa (subclass 132), applicants must meet the following criteria:

• Be nominated by an Australian state or territory government agency: Applicants must be nominated by a state or territory government agency in Australia. This nomination is an important step in the visa application process.
• Be invited to apply for the visa: Once nominated, applicants will receive an invitation to apply for the visa. This invitation will outline the next steps in the application process.
• Have the required funding or assets: Applicants must have the necessary funding or assets to establish or develop a business in Australia. This is to ensure that applicants have the financial capacity to support their business ventures.

It is important to note that meeting the basic eligibility criteria does not guarantee the approval of the visa. The Department of Home Affairs will assess each application on a case-by-case basis, taking into consideration factors such as the applicant's business experience, skills, and the potential economic benefit to Australia.

Once granted, the Business Talent (Permanent) visa (subclass 132) provides individuals with permanent residency in Australia. This means that visa holders can live, work, and study in Australia indefinitely. They are also eligible to access healthcare services and social security benefits.

Visa holders are also granted certain privileges, such as the ability to sponsor eligible family members for permanent residency and the option to apply for Australian citizenship after meeting the residency requirements.

It is important for applicants to thoroughly understand the requirements and obligations associated with the Business Talent (Permanent) visa (subclass 132) before submitting an application. Seeking professional advice from a registered migration agent or immigration lawyer can greatly assist in navigating the visa application process.

The Business Talent (Permanent) visa (subclass 132) provides a pathway for individuals with a strong business background to contribute to the Australian economy and establish or develop a successful business in Australia. It is an opportunity for entrepreneurs and investors to thrive in a country known for its business-friendly environment and diverse opportunities.