Subclass 132

Business Talent (Permanent) visa

This visa allows you to establish a new or develop an existing business in Australia.

Basic Eligibility

Basic Eligibility

• be nominated by an Australian state or territory government agency
• be invited to apply for the visa
• have the required funding or assets

This visa closed to new application on 1 July 2021. The Business Innovation and Investment Program (BIIP) is closed as of 31 July 2024. Applications made before this date will still be processed. You may be entitled to a refund of your Visa Application Charge for Significant Business History or Venture Capital Entrepreneur stream if you withdrew your application on or after 31 July 2024. 

For more information see BIIP closure and refunds.

Business Talent (Permanent) visa (subclass 132)

Significant Business History stream

This visa is for experienced business owners, to operate a new or existing business in Australia.

You must have:

• a net value of at least AUD1.5 million (lawfully acquired)
• an annual business turnover of at least AUD3 million for at least 2 of the 4 fiscal years immediately before you are invited to apply
• a total net assets of at least AUD400,000 as the ownership interest in one or more qualifying businesses for least 2 of the 4 fiscal years immediately before you are invited to apply

Stay

Permanently

Cost

From AUD7,855.00

Processing Time

For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.

Business Talent (Permanent) visa (subclass 132)

Venture Capital Entrepreneur stream

This visa is for people who have sourced venture capital funding from a member of the Australian Investment Council (AIC) (formerly known as the Australian Private Equity and Venture Capital Association Limited (AVCAL)).

• You must have funding of at least AUD1 million from an Australian venture capital firm.

Stay

Permanently

Cost

From AUD0.00

Processing Time

For an indication of processing times for this visa, use the visa processing time guide tool. This will show the processing times for recently decided applications. It is a guide only and not specific to your application.