Australia Subclass 132 Visa Permanent Business Residency

Australia Business Talent Permanent Subclass 132 Visa Streams

The permit category has two sub categories the Significant Business History Stream, and the Venture Capital Entrepreneur Stream. The first one is meant for the prosperous owners or part owners of a firm who are eager to get hold of a key management role in a completely new or existing business enterprise in Oz. The number two is meant for those who have received at least AUD1 million in funding from an Australian venture capital group.

Requirements

As stated previously, submission can be made only if you have gained an invite for the purpose.

For the Significant Business History Category the Aspirants Ought to:

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  Submit an EOI;

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  Have nomination from an Australian territory or state administration;

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  Be below 55 years of age;

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  Possess business & personal resources worth AUD1.5 million;

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  AUD400 000 should be net assets in the business; and

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  Possess an overall business turnover of AUD3 million.

For the Venture Capital Entrepreneur Category, the aspirants should have obtained not less than AUD1 million in funding from an Australian venture capital firm of Oz.

Business Talent Visa Subclass 132: Some Major Benefits

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  Reside in Australia for an indefinite period.

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  Do a job and pursue studies in the country.

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  Register for Medicare.

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  File a petition for Australian citizenship.

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  Offer sponsorship to entitled family members for permanent residence.

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  Travel to and from Australia for a period of 5 years.

Post Petition Submission

After you submit your immigration application and documents, you will be contacted by the relevant body which will inform you it has gained the particulars; your will be allocated a case official, a decision will be taken on your petition, you will be asked to appear for an interview if required, and additional data may be sought before a decision is taken.