This visa is not open for new applications, starting from 1 July 2021.
A business talent visa 132 is a business and investment visa for experienced business owners who have a business in Australia, want to open a new business or manage an existing business.
Who Is Eligible to Apply for a Business Talent Visa 132?
You are eligible for a business talent visa 132 if:
- You are nominated by an Australian state or territory government agency.
- You are invited to apply for visa 132.
- You have achieved a successful business career.
- You have a strong desire to own and operate a business in Australia.
- You have business assets valued at AUD400,000, obtained at least two years out of four fiscal years before you are invited to apply for visa 132.
- Your annual business profits are a minimum of AUD3 million for at least two years out of four fiscal years before your invitation to apply.
- You must have lawfully obtained business and personal assets between you and your partner of AUD 1.5 million. These funds must be transferred to Australia during the 2 years since your visa is granted.
- You and your partner cannot be involved in any type of criminal activity or dubious business transactions.
- You meet the health requirements. After you apply for the visa, you may be asked to submit health examinations to see if you meet the health requirements. If for some reason you fail these requirements, your visa may be rejected.
Business Talent Visa 132 Streams
For a business talent visa 132 you can apply for either one of these streams:
- Significant Business History stream. In order to apply for this stream, you must have a net value of at least AUD1.5 million. These funds must have been acquired legally and you must prevent evidence of your legal businesses.
- Venture Capital Entrepreneur stream. You can apply for this stream if you have venture capital of at least AUD1 million given by a member of the Australian Investment Council (AIC).
What Documents Do I Need for a Business Talent Visa 132?
Here is a document checklist for your business visa 132 application:
- You and your family members who apply with you must submit a copy of your passport, showing the details of the issue and expiry date, your full information, and photographs. You might be required to attach a copy of your national identity card, and certificates showing your name change, if applicable.
- One page summary detailing your assets and liabilities for a specific day, of your own choosing, three months before you are invited to apply for visa 132.
- You need to include your future business plans in Australia and evidence of your business activities:
- A business plan detailing all of your business and your investments in Australia. You must also include a brief summary of how your business will benefit Australia from an economic perspective.
- Include proof that your annual business turnover was at least AUD3.0 million in at least one of your businesses. The turnover must be from the period of one of four years before your visa invitation.
- Proof of ownership that might include company extract, certificate of incorporation, shareholder certificate with the Company Registrar, and so on.
- Evidence of your role in the management of the company, involvement in the day-to-day decision-making for at least two years out of the four before your invitation to apply.
- Six pictures of your company building and activities.
- An organisational chart showing your main responsibilities, staff duties, rotation, and management lines.
- Financial details showing your business statements for two years out of the four before you are invited to apply for visa 132. Your statements must be drawn up by an independent accountant according to International Accounting Standards.
- If your business has experienced a loss then provide the following information:
- Proof of insolvency
- Provide form 80 for your personal character assessment and attach it to documents proving your good character. Make sure you include form 1221 as well.
- Proof of functional level of English. All your family members who are 18 or more years old have to provide proof that they have at least a functional level of English.
- Proof of valid health insurance.
- Evidence that you signed Australia’s values declaration.
- Form 1139A, this form will be required after you apply NOT when you submit your application.
- Form 956a. If you need someone to receive communications from the Immigration Department.
- Form 956. To show that you are getting help from a migration agent.
- For your family members include the following:
- Identity documents and photographs
- Character documents
- Marriage certificate
- Proof of relationship
- Birth certificates
- Proof of dependent children
- For your venture capital entrepreneur stream you must provide:
- Evidence that you have secured a legally binding capital agreement with an Australian company that is a member of the Australian Investment Council (AIC) and that the company holds venture capital membership of AIC
- Evidence that the venture capital you have secured is at least AUD1 million.
- A detailed letter demonstrating that the venture capital will be invested in Australia for business purposes.
Application Process for Australia Business Talent Visa 132
The application process for business visa 132 is made up of two important steps:
- Paying the application fee. You must submit the fee first via an ImmiAccount, if you don’t already have an operating account then make sure you open a new account. Once you submit your application fee your visa application will be taken into consideration.
- Submitting the application documents. You can’t submit your documents via the ImmiAccount, you have to send the documents and other forms (all in English or translated) by post to the Adelaide Business Skills Processing Centre. If you are sending the application from China, Hong Kong, Macau, or Taiwan, then you must send the completed application to the Australian consulate in Hong Kong.
When Do I Get a Business Talent Visa 132?
Your application for a business visa 132 will most likely be processed within two and a half years. Depending on whether the Immigration Office will need more information from you or not, the processing time will be longer.
Is Visa 132 a Permanent Visa?
Yes, business talent visa 132 is permanent and you can stay in Australia indefinitely with this visa.
Can My Family Members Apply With Me for a Business Visa 132?
If your family members belong to your close family unit, then they can apply with you for a visa 132. Close family members include:
- Your spouse
- Your registered partner
- Minor children
- Adult dependant children
You can include your family members at the time when you apply or later, as long as you include them before a final decision is taken on your visa 132.
Business Talent Visa 132 Fee
The application fee for a business talent visa 132 is AUD7,855. You are required to pay an additional fee for any other family members who apply with you for this visa:
- Family member over 18 years old application fee: AUD3,930
- Family member under 18 years old application fee: AUD1,960
In case your family members can’t provide proof that they have a functional level of the English language you are required to pay a second installment fee for those family members that costs AUD4,890. The second installment fee for you as the main visa applicant is AUD9,795
Traveling With a Business Talent Visa 132
You can travel with a business visa 132 freely as you want, but, since this is a permanent visa it has a travel expiration date. After 5 years, you cannot travel without applying for a resident return visa. A resident return visa will allow you to re-enter the country with your permanent resident status intact.
What Can I Do if My Application for a Business Visa 132 Is Denied?
Your visa may be denied for a number of reasons, but, in those cases, you can ask for a review of the decision at the AAT (Administrative Appeals Tribunal). However, not all decisions are reviewable, the Immigration Department will specify in your visa letter whether you are eligible for an appeal or not.
You will not get a refund of the visa fee if your application is denied. However, the immigration office may refund your second installment fee.