Visa 132 is a permanent business visa that is sponsored by the Australian state / territory. It is divided into two streams:

  • Significant Business History, and
  • Venture Capital Entrepreneur

This is a permanent visa

You must have a genuine and realistic commitment after entry into Australia to either establish a new business or to participate in an existing business, and to maintain substantial ownership interest, and be involved in the day to day management of the business.

Visa conditions
  • Successful business career without problems with the law;
  • Genuine and realistic intentions to be involved in business in Australia;
  • Net business assets of at least AU $ 400,000 within any 2 of the 4 financial years, immediately prior to applying for a business visa;
  • At least 30% ownership of the business if the company's turnover exceeds $ 400,000, or at least 51% ownership if the company's turnover is less than $ 400,000, or 10% ownership, if the company is publicly listed;
  • Business turnover of at least AU $ 3,000,000 in any 2 of the 4 financial years immediately prior to applying for a business visa;
  • Net assets (including private and business assets) AU $ 1,500,000 at the time of visa application. There is no requirement for the immediate transfer of these assets to Australia, but they must be legally acquired and must be able to be transferred to Australia within 2 years after receiving a permanent business visa;
  • Applicant's age must be less than 55 years. The sponsoring state may void this condition if it considers that the applicant's business proposal will bring a significant economic benefit to the state.
  • Australian venture fund financing of the project;
  • The investment amount must be at least 1 million Australian dollars;
  • The Venture fund must be part of the Australian Private Equity and Venture Capital Association Limited (AVCAL).

There are 7 business & invest stream programs to Australia. In this video we grouped them into 3 clear categories and explained the minimum requirements for each category.