Overview of Business Talent Immigration Program 132 Visa

132 Visa brief

132 the Business Talent Immigration Visa belongs to the Australian Business Investment Immigration category, which attracts qualified large-scale business owners or shareholders to Australia to set up new businesses or participate in the management of existing business visas, applicants can step-by-step to obtain permanent residence status in Australia. 132 visas are the only five-year permanent residence visa in all categories of Australian investment immigrants. These visas do not require English and academic qualifications, and are suitable for entrepreneurs with successful business backgrounds who are interested in making larger investments in Australia.

The important business history category (Significant Business History stream), applies to applicants who intend to go to a new business in Australia or to hold key leadership positions in an existing enterprise;

The venture capital entrepreneur category (Venture Capital Entrepreneur stream), applies to applicants who have received at least C $1 million in investment funds from Australian venture capital firms.

132 conditions for visa application

Need to get EOI invite (be invited to apply);

(B) under 55 years of age (unless exempted by the State Government);

There is a state guarantee (the applicant must provide a convincing business plan to the state).

In the past four fiscal years, there have been at least two years of net assets in enterprises of no less than A $ four hundred thousand;

The total value of household assets is no less than 1.5 million Australian dollars and can be legally transferred to Australia within two years of the issuance of the visa;

In the past four fiscal years, the annual turnover of enterprises for at least two years is no less than 3 million Australian dollars;

Ownership:

Successful business background;

The true intent of doing business or participating in a management position in Australia.

For a promising business plan, such as a start-up, product or business development plan, an investment fund of 1 million Australian dollars was obtained from Australian venture capital firms.

132 visa application process

Applicants first submit EOI; in the SkillSelect system

Upon receipt of the invitation, the applicant is required to submit the application information within 60 days and pay an application fee of 5940 Australian dollars. The application may include spouses and children. If your spouse or your 18-year-old child, IELTS, does not reach the total score of 4.5, you will need to pay an additional 4250 Australian dollars for language study;

After the online application is submitted, the relevant support materials need to be mailed immediately. For the required materials, please refer to the list of 132 visa application materials;

The applicant needs to have a medical examination, and the accompanying members over the age of 16 need no criminal certificate;

In the process of visa processing, the applicant's work and personal information changes need to be notified to the Immigration Board in a timely manner;

The applicant may withdraw his application at any time during the application process.