Business talent visa - subclass 132
Permanent residency for successful business owners and entrepreneurs 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.
Visa Overview & Streams
Business talent visa - subclass 132
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.
Supporting text (2-3 sentences):
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
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.
Application Process
How the subclass 132 visa application works
Step-by-step process to apply for the Business Talent (Permanent) visa.
Numbered cards (3 steps)
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.
Documentation & Requirements Checklist
Essential documents for subclass 132 visa
Prepare high-quality evidence to support your Business Talent visa application.
Document checklist (5 categories)
Category 1: Personal identification
Valid passport (bio data page)
Evidence of name change (if applicable)
Category 2: Nomination & invitation
State or territory government nomination
Invitation to apply for the visa (if applicable)
Category 3: 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)
Category 4: Supporting documents
Business plan or statement of genuine commitment to Australia
Evidence of business management involvement
Partner and family member documents (if applicable)
Category 5: Additional (if applicable)
Agent authorisation form (if using a migration agent)
Any other stream-specific evidence requested by the Department
Guidelines: 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.
Success Strategy & Conclusion
Succeeding with your subclass 132 visa in 2026
single conclusion paragraph
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.
References (official sources – all content matches these pages):
https://immi.homeaffairs.gov.au/visas/getting-a-visa/visa-listing/business-talent-permanent-132 (main subclass 132 overview)
https://immi.homeaffairs.gov.au/visas/getting-a-visa/visa-listing/business-talent-permanent-132/significant-business-history-stream (Significant Business History stream details)
https://www.nsw.gov.au/visas-and-migration/business-and-investor-visas/subclass-132 (NSW nomination information)
Eligibility review
We assess your visa options, risks and next steps before you commit.
Decision-ready documents
Forms, evidence and explanations are structured for a stronger application.
Compliance focused
Advice is prepared with requirements, timing and refusal risk in mind.
End-to-end support
We guide you from strategy and preparation through lodgement and follow-up.
Frequently Asked Questions
Eligibility depends on your personal circumstances, documents, timing and the requirements of the relevant visa subclass or pathway.
No. No adviser can guarantee an immigration outcome. We focus on eligibility, evidence quality, compliance and a decision-ready application strategy.
Book a consultation with Think Higher Consultants so we can review your circumstances, explain risks and outline the strongest next steps.
Start your Business talent visa - subclass 132 journey
Free 1-on-1 consultation — no obligation. Expert advice from a MARA-registered agent.