Significant Business History Stream (Subclass 132A)

Subclass 132A: Business Talent (Permanent) Visa

Significant Business History Stream

Subclass 132 Business Talent (Permanent) Visa in the Significant Business History stream (Subclass 132A) is a permanent visa.

Subclass 132A visa is for applicants with an overall successful business career with a realistic and genuine commitment to establish, manage and maintain a substantial ownership interest in a new or an existing qualifying business in Australia.

Stay Period

Indefinitely with 5-year travel facility after which you may need to apply for Subclass 155 or 157 Resident Return visa to extend your travel facility.

Apply from...

All applicants may be in or outside Australia, but not in immigration clearance to apply for this visa and to be granted this visa.

Each applicant in Australia when applying for this visa must hold:
  • a substantive visa; or
  • a Subclass 010 Bridging A visa; or
  • a Subclass 020 Bridging B visa; or
  • a Subclass 030 Bridging C visa

with no condition(s) attached to the visa that prevent the applicant from applying this visa in Australia.
To make a valid application for Subclass 132A visa and/or be granted this visa, the following sets of criteria must be met:
Annual Business Turnover of at least AUD 3.00 million
In any 2 of the 4 fiscal years before receiving invitation to apply for visa, the main applicant must had an ownership interest in one or two established qualifying business(es) that had an annual turnover of at least AUD 3.00 million in each of those years.

Annual turnover figure requirement can be combined from the main applicant’s ownership stake in one or two qualifying business(es). However, the main applicant must:
  • have maintained direct and continuous management in the qualifying businesses
  • have an ownership interest of at least:
    • 51% of the total value of any of the qualifying businesses if the turnover is less than AUD 400 000; or
    • 30% of the total value of any of the qualifying businesses if the turnover is AUD 400 000 or more; or
    • 10% if the qualifying business is a publicly listed company

    Annual turnover of any of the main businesses can only be included if that particular business is owned for a full fiscal year.
Business Ownership Interest of at least AUD 400 000
For at least 2 of the 4 fiscal years immediately before the time of invitation to apply for the visa: immediately before the time of invitation to apply for the visa:
  • the net value of the assets in a qualifying business or qualifying businesses in which the applicant had an ownership interest of at least AUD 400 000;
  • and
  • if a qualifying business mentioned above was operated by a publicly listed company, the shareholding of either the main applicant, the main applicant’s spouse or de facto partner, or both together, was at least 10% of the total issued capital of the company.
Total Personal & Business Assets of at least AUD 1.50 million
Either the main applicant, the main applicant’s spouse or de facto partner, or both together, must have total business and personal assets with a net value of at least AUD 1.50 million which are lawfully acquired and available for transfer to Australia to commence business activity in Australia within 2 years after the grant of a Subclass 132A visa.
State Nomination & Skillselect Invitation
The main applicant must be nominated by an Australian State or Territory Government Agency and subsequently being invited to apply for this visa by the Australian Department of Home Affairs.

Please be aware that each Australian State or Territory Government Agency has different sets of criteria to be met for nomination to be approved.
Age Requirement
The main applicant must be under 55 years old at the time of receiving invitation for visa application.
Age limit may be exempted on a case-by-case basis in which the applicant is proposing to establish or participate in business or investment activity that the nominating State or Territory government agency has determined is of exceptional economic benefit to the State or Territory in which the agency is located.
Genuine Commitment to Establish or Maintain Qualifying Business(es) in Australia
The main applicant must genuinely has a realistic commitment to establish a new qualifying business or participate in an existing qualifying business in Australia in a manner that benefits the Australian economy.

The main applicant will also need to maintain a substantial ownership in those qualifying business(es).
Not Have a History of Involvement in Unacceptable Activities
The main applicant, and the main applicant’s spouse/de facto partner, must not have a history of involvement in business or investment activities that are of a nature that is not generally acceptable in Australia.
The following persons can apply for this Subclass 132A visa:
  • any person who met the eligibility criteria outlined in "Eligibility Criteria" tab on this page (hereinafter referred to as "the Primary Applicant");
  • the member of family unit of the Primary Applicant, e.g.: spouse/de facto partner and children who are still dependent on the Primary Applicant or the spouse/de facto partner of Primary Applicant
Each applicant in Australia when applying for this visa must hold:
  • a substantive visa; or
  • a Subclass 010 Bridging A visa; or
  • a Subclass 020 Bridging B visa; or
  • a Subclass 030 Bridging C visa

with no condition(s) attached to the visa that prevent the applicant from applying this visa in Australia.
The following condition(s) might be attached to this visa:

Condition 8515 - Must not marry or enter into a de facto relationship before entering Australia

If this visa is granted when the secondary applicant is outside Australia, the holder of this visa must not marry or enter into a de facto relationship before entering Australia.

This condition usually applies to secondary applicant(s) who are not married or in a de facto relationship and are still dependent on the primary visa applicant prior to visa grant. For example, child of primary visa applicant who is also a secondary applicant for this visa must not married or enter into a de facto relationship prior to entering Australia for the first time.

Breaching this visa condition will render the said visa with the condition 8515 subject to cancellation.

If you are ready to commence your life in Australia, contact Ausdirect Migration today at 1800 462 188.

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