Australian Business Visa
Business Visas in Australia offer a convenient pathway for individuals aspiring to establish or expand their businesses, enabling them to enter Australia and potentially obtain permanent residency. To qualify for the business owner visa, applicants must already possess a provisional business skills visa. Nevertheless, under specific circumstances, individuals holding temporary refugee or protection visas may also be eligible for this type of visa.
To initiate the process, applicants must submit a valid application at one of the designated departmental business centers in Australia, as opposed to immigration clearance. It’s worth noting that secondary applicants are not required to be physically present in Australia during this application process.
There are several types of Business Visas available, catering to various business-related objectives
Business Talent Permanent Visa (Subclass 132)
The Business Talent Permanent (Subclass 132) Visa is an integral part of the Australian Business Program, which is designed to contribute to the growth and expansion of the Australian economy. Unlike some other visas, this one is available by invitation only. To be considered for an invitation, you must begin by submitting an Expression of Interest (EOI) through Skill Select. In your EOI, you need to specify which business stream you are interested in: either the Significant Business History stream or the Venture Capital Entrepreneur stream. Additionally, you must indicate whether you are open to being nominated by any state or territory or if you prefer specific ones.
Once your Expression of Interest is in the Skill Select system, it can be viewed by state and territory authorities, who will then decide whether to nominate you to apply for this visa. Each state and territory has its own set of criteria for selecting candidates to nominate. In most cases, before the nomination, the relevant state or territory will reach out to you to discuss potential business opportunities.
The Business Talent visa (subclass 132) offers two distinct streams:
The Significant Business History stream is intended for successful business owners or part-owners who wish to take on a significant management role in either a new or existing business within Australia.
The Venture Capital Entrepreneur stream caters to individuals who have secured at least AUD 1 million in funding from an Australian venture capital firm.
Both streams are aimed at attracting individuals with strong business backgrounds and experience, as they have the potential to make valuable contributions to the Australian business landscape.
Eligibility Requirements
To be eligible for the Business Talent Permanent (Subclass 132) Visa, there are specific requirements for each stream:
1 Significant Business History stream:
Age Requirement: Generally, you must be less than 55 years old at the time of application. However, a state or territory may waive this age requirement if your proposed business is expected to bring exceptional economic benefits to the region.
Financial Criteria:
Business Career: You must demonstrate a successful overall business career and show no involvement in unacceptable business activities.
Genuine Desire: You should genuinely desire to own and maintain a management role in a business in Australia.
2 Venture Capital Entrepreneur stream:
Funding Requirement: To apply for the Venture Capital Entrepreneur stream, you must have obtained at least AUD 1 million in funding from an Australian Venture capital firm. This funding should be for the purposes of starting up, product commercialization, or business development related to a promising high-value business idea.
Benefits
The Business Talent Permanent (Subclass 132) Visa offers several benefits to successful applicants:
These benefits make the Business Talent visa an attractive option for entrepreneurs and business owners looking to make Australia their new home and contribute to the country’s economy and business landscape. However, it’s essential to meet the specific eligibility criteria and comply with all visa conditions to fully enjoy these advantages.
Processing time | Consular fee |
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6 – 12 months | $550 CAD |
Additional costs if applicable | Variables |
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Police Clearance | Depending on nationality and Local Govt rules |
Traffic Record Variable | (depending on the state of Residence and the licence issuance) |
Medical Examination | Depending on the type of medical tests and examinations Required
|
Translation/certification Of documents fees | Variable depending on the translator
|
Visa Online Express Processing fee | Total |
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Business Talent Permanent (Subclass 132) | $13,800 |
Access your eligibility by taking our complimentary test designed to determine your qualification for specific visa categories.
If you decide to engage Visa Online Express services, a highly qualified Registered Migration Agent will carefully review your profile to determine your eligibility for the Australian business talent permanent Visa.
By choosing Visa Online Express, you will benefit from the best Australian visa advice and comprehensive support throughout your visa application process, as we have a team of highly experienced Australian visa and immigration experts at your disposal.
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