Business Talent Visa (Permanent) – Subclass 132

The Subclass 132 Business Talent Visa was designed for successful entrepreneurs and businesspeople who wish to establish or carry on a high-value business in Australia and offering direct permanent residence as an incentive.

While Subclass 132 has been closed to new applications from July 1, 2021, existing applicants or those with pending applications or who already have visas can still benefit from its favorable route.

We continue to assist clients who are facing requirements concerning the 132 visa or who need guidance with relocation to the Subclass 888 or to citizenship pathways.

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What was the Subclass 132 Visa?

The Subclass 132 visa had been a Business Innovation and Investment Program permanent resident visa. It had been created for those with an extraordinary business experience and adequate assets to invest or set up significant business operations in Australia.

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Streams Under the 132 Visa

There were two broad currents:

1. Significant Business History Stream

For entrepreneurs with a combination of net business and personal assets amounting to at least AUD $1.5 million, along with an annual business turnover that reaches AUD $3 million.

2. Entrepreneur Stream for Venture Capital

For entrepreneurs who have been granted AUD $1 million venture capital by a reputable Australian organization to bring a high-value business concept to the market.

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Major Features of Subclass 132

- Immediate access to permanent residency for the principal applicant and qualifying family members.

- Unlimited work and study rights.

- The capacity to start, purchase, or start a business venture in Australia.

- Public access to health care (Medicare)

- Path to Australian citizenship

- Sponsorship of relatives for PR assistant

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What if I Already Have a Subclass 132 Visa?

If you were issued a 132 visa prior to the closing date:

As a permanent resident, you continue to enjoy all the associated benefits.

You have to continue fulfilling business commitments on your terms agreed upon

You can then apply for citizenship of Australia upon meeting residence and character needs

Here at Apex Immigration, we assist current holders of 132 visas:

Understand their current compliance requirements.

Investigate business transition migrations

Citizenship and family sponsorship policy

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How Apex Immigration Can Assist

- Even though the Subclass 132 is not presently open for new applicants, we still provide:

- Specialist advice to current 132 visa holders

- Business compliance monitoring

- Assist transition to citizenship or other business PR visas

- Offer advice on business plans, audit, and re-nomination as necessary

- Our professionals are attuned to the unique issues faced by high-level businesspeople and provides individualized, strategic advice.

Need Help With an Active Business Talent Visa? 

Apex Immigration can help simplify the compliance process, opening a new business, or preparing for Australian citizenship so these can be easy, efficient, and productive.

 Let's discuss business and your future.