Business Talent Visa - Subclass 132
Permanent Residency for Successful Business Owners in Australia
Permanent Residency for Successful Business Owners in Australia
The Business Talent (Permanent) visa (subclass 132) is a permanent visa that allows experienced business owners and venture capital entrepreneurs to live and work indefinitely in Australia. It is available in two streams: Significant Business History and Venture Capital Entrepreneur.
This visa requires nomination by an Australian state or territory government agency and is part of the now-closed Business Innovation and Investment Program (BIIP). It rewards applicants who have demonstrated significant business success or secured venture capital funding.
Service Highlights
Direct Permanent Residency
Designed for high-achieving business owners and entrepreneurs.
Two Streams
Significant Business History and Venture Capital Entrepreneur.
State Nomination
Requires nomination by a state or territory government agency.
Closed Program Note
Only previously invited applicants can proceed.
Visa Overview & Streams
Permanent visa for high-achieving business owners and venture capital entrepreneurs.
Visa Scope
- Permanent visa granting indefinite stay in Australia.
- Two streams: Significant Business History and Venture Capital Entrepreneur.
- Requires nomination by a state or territory government agency.
- Designed for applicants with proven business success or venture capital funding.
- Allows you to live, work, study and sponsor family members in Australia.
- Part of the Business Innovation and Investment Program (BIIP), now closed to new applications.
Why It Matters
- Provides a direct pathway to permanent residency for high-calibre business migrants.
- Recognises significant business achievements and investment in Australia.
- Supports economic growth through experienced entrepreneurs.
- Must maintain genuine business or investment activity in Australia.
- Applications for new nominations closed in 2021; only previously invited applicants can proceed.
The subclass 132 visa is the permanent stage for high-achieving business talent. It is no longer open to new applicants following the closure of the BIIP. Existing eligible applicants who received an invitation before closure can still lodge their application.
Visa Essentials
Key eligibility and requirements for the Business Talent (Permanent) visa subclass 132.
Eligibility & Streams
- Eligibility: Must be nominated by a state or territory government agency and have received an invitation to apply.
- What it covers: Significant Business History stream (AUD 1.5 million net assets and AUD 3 million annual turnover) or Venture Capital Entrepreneur stream (AUD 1 million venture capital funding).
- Advantage: Direct permanent residency with full work and study rights.
- Documents: Evidence of business performance, assets, or venture capital funding.
- Note: The program is closed to new applications on 1 July 2021.
Main Requirements
- Duration: Permanent visa upon grant.
- What it covers: State nomination, meeting stream-specific financial and business criteria, and genuine commitment to Australia.
- Advantage: No age limit in most cases and strong pathway for established business owners.
- Fee: From AUD 7,855 (Significant Business History stream); check current fees.
- Outcome: Permanent residency allowing indefinite stay in Australia.
How the Subclass 132 Visa Application Works
Step-by-step process to apply for the Business Talent (Permanent) visa.
Check Eligibility & Obtain Nomination
Confirm you meet the stream-specific criteria and have received an invitation to apply. Secure nomination from an Australian state or territory government agency (note: most states closed nominations in 2021). Gather all required evidence of your business history or venture capital funding.
Submit Online Application
Lodge your application online through the Department of Home Affairs ImmiAccount. Pay the visa application charge and upload all supporting documents. Ensure the application is complete before submission.
Assessment & Outcome
The Department assesses your application against the visa criteria. You will be notified of the outcome via your ImmiAccount. If granted, you receive permanent residency. Processing times vary – use the visa processing times tool for guidance.
Essential Documents for Subclass 132 Visa
Prepare high-quality evidence to support your Business Talent visa application.
Personal Identification
- Valid passport (bio data page)
- Evidence of name change (if applicable)
Nomination & Invitation
- State or territory government nomination
- Invitation to apply for the visa (if applicable)
Business or Investment Evidence
- Financial statements and tax returns showing business turnover and assets
- Evidence of ownership interest in qualifying businesses
- Venture capital funding documents (for Venture Capital Entrepreneur stream)
Supporting Documents
- Business plan or statement of genuine commitment to Australia
- Evidence of business management involvement
- Partner and family member documents (if applicable)
Additional (If Applicable)
- Agent authorisation form (if using a migration agent)
- Any other stream-specific evidence requested by the Department
All documents must be clear and in English (or accompanied by certified translations). Submit a complete application to avoid delays. Business evidence must clearly demonstrate you meet the financial and operational requirements of your chosen stream.
Succeeding With Your Subclass 132 Visa in 2026
The Business Talent (Permanent) visa subclass 132 offers permanent residency to high-achieving business owners and venture capital entrepreneurs who meet the stringent eligibility criteria. By securing state nomination (where still possible) and providing comprehensive evidence of your business success or venture capital funding, you can achieve a positive outcome and build a long-term future in Australia.
Note that the Business Innovation and Investment Program is now closed to new applications. Only applicants who received an invitation before closure can proceed. Start early by reviewing your eligibility and gathering detailed business records. Lodge a complete and accurate application through ImmiAccount. Always verify the latest requirements, fees, and processing times directly on the official Department of Home Affairs website before applying.
Enquire About Subclass 132 Visa
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