This is a permanent visa designed for high calibre business people who are owners or part owners of an overseas business and have a genuine and realistic commitment to participate in the management of a new or existing business in Australia.
There is no requirement to meet the Business Innovation and Investment points test.
The 132 Business Talent Visa is permanent residence visa available to applicants in two streams:
For the Significant Business History Stream, you (or your partner, or you and your partner combined) must have all of the following:
For the Venture Capital Entrepreneur Stream, you must have a venture capital funding agreement of at least AUD 1 million through an Australian company who is a member of the Australian Venture Capital Association Limited (AVCAL) for the start-up, product commercialisation or business development relating to a promising high value business idea.
132 visa is a permanent visa which allow you and your immediate family members (such as a partner and dependent children) included on the application to live, work and study in Australia.