Australia Business Talent Visa (Subclass 132)

Eligibility Criteria Obligations After Entering in Australia Extending The Stay

Eligibility Criteria

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To be eligible for 188 visa under the business innovation stream, you must

Have age less than 55 years
Scored at least 65 on the point test
Have a genuine desire to undertake a management role in a business in Australia
Have total net business and personal assets of at least AUD 800,000 available for legal transfer to Australia
Have had ownership interest in an established business or business with AUD500000 turnover for at least 2 out of the 4 fiscal years (at the time of invitation to apply for visa)
Own at least either of the following percentage of nominated main business:
- 51% if the business has a turnover of less than AUD 400,000 per year
- 30% if the business has a turnover of AUD 400,000 or more
- 10% if the business is a publicly listed company

Obligations After Entering in Australia

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Maintain a substantial ownership interest into an Australian business
Take charge, at senior level, in daily management and decision making of business

Must be responsible for any of the following things

Introducing new or enhanced technology
Maintain employment in Australia
Develop associations with international markets
Export Australian goods
Produce goods or services
Make contribution in commercial activity or competitiveness within the Australian economy

Extending The Stay

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You can also extend your stay for another 2 years under the business innovation extension stream. However, you must

Hold a visa in the Business Innovation stream for at least 3 years
Be able to demonstrate the need to extend your stay in Australia to operate a business
Have a current nomination from a state or territory government agency
Have actively maintained an ownership interest in the nominated business for at least 2 years
Fulfilled commitment of being directly involved in regular management and decision-making of the business

Seeking comprehensive assessment of your eligibility to apply for the visa under this stream, give us a buzz today to know the best way of proceeding with your application.

States / Territories

AU-WA

Fees: $750

Processing Time: Relatively quick

Preferred Industries:

Commit a significant amount of new capital investment;
Generate skilled employment or a large number of new jobs;
Develop export markets or replace imports;
Introduce new skills, expertise, technologies or innovations;
Locate the business activity in a regional area; and
Have a significant flow on effect to other sectors of the economy

Restricted Industries:

Residential estate
Labour Hire
Purchasing of existing
business or franchise

AU-NT

Fees: No Fees

Processing Time: Relatively quick