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Business Talent (Migrant) visas are permanent visas available to applicants in two streams:
Significant Business History Stream: for people with ownership interests in large businesses
Venture Capital Entrepreneur Stream: for people who have access to venture capital funding of at least AUD 1 million
July 2021 Update: This visa is closed to new applications
Duration and Conditions
This visa grants permanent residence status.
Do I Apply in Australia or Overseas?
You can either be in Australia or overseas when you lodge your application.
If you are in Australia, you must hold a substantive visa or a Bridging A, B or C visa.
State/Territory Nomination
This visa is only available to applicants who are nominated by an Australian State or Territory government.
All applicants must meet the following criteria:
✔️ You are nominated by an Australian State or Territory government to migrate to Australia.
✔️ You have been invited to apply through the SkillSelect system
✔️ You 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.
Significant Business History Stream
✔️ You are under 55 years of age, unless the nominating state or territory government certifies that the proposed business activity is of exceptional economic benefit.
✔️ For at least 2 of the last 4 fiscal years you had:
➡️ net assets in business of at least AUD 400,000; or
➡️ 10% ownership of the business if it is a publicly listed company.
➡️ the business had an annual turnover of at least AUD 3 million for 2 of the last 4 fiscal years
✔️ You have net assets of at least AUD 1.5 million.
Venture Capital Entrepreneur Stream
For the Venture Capital Entrepreneur Stream, you must have a venture capital funding agreement of at least AUD 1 million through an Australian company who is a member of the Australian Venture Capital Association Limited (AVCAL).
Business migration can be extremely complex, and even determining whether you have a good chance of qualifying can be difficult. In addition, you may be able to qualify in a number of different business migration categories.
The State Nominated Venture Capital Entrepreneur (Permanent) Visa (subclass 132B) is tailored for entrepreneurs who have secured at least AUD 1 million in venture capital funding from a member of the Australia Venture Capital Association Limited (AVCAL). This funding must support a high-value business idea in Victoria, such as a startup or product commercialization.
To be considered eligible for this visa, the proposed business activity should meet specific criteria:
Eligible Business Activity:
The business idea must be backed by comprehensive market research, demonstrating its potential for making a significant contribution to the Victorian economy.
Case-by-Case Evaluation:
Applications are evaluated individually, with factors including:
✔️ Applicant’s business background
✔️ Economic impact of the investment on Victoria’s economy
✔️ Settlement intentions in Victoria
✔️ Long-term business agenda in Victoria
✔️ Applicant’s familiarity with the business environment and lifestyle in Victoria, which can be enhanced by a prior visit.
Detailed Business Plan:
The applicant must submit a business plan from an independent source, clearly detailing the expected economic benefits to Victoria.
Upon a successful state nomination, visa issuance by the Australian Government may take as little as 12 weeks.
Applicants for the subclass 132B Visa must comply with certain standard conditions as part of the Victorian Government’s nomination. Key conditions include:
Eligibility Confirmation:
By signing the nomination application, the applicant confirms that they meet all Department of Immigration and Border Protection (DIBP) visa criteria.
Additional Settlement Funds:
Beyond the AUD 1 million venture capital funding, applicants agree to transfer at least AUD 250,000 to Victoria within 23 months of visa activation for settlement-related expenses.
Non-Transferable Nomination:
The nomination by the Victorian Government is exclusive to Victoria and cannot be transferred to another state or territory.
Appeal Limitations:
If the visa application is rejected by the DIBP, the Victorian Government will not participate in Migration Review Tribunal appeals.
Information Sharing:
The Victorian Government may share information about the applicant’s business and investment activities with the DIBP.
Direct Contact:
The Victorian Government may reach out directly to discuss the application or other relevant matters.
Overseas Applicants:
For those residing overseas, their application will be forwarded to the Victoria Government Business Office (VGBO), and the Commissioner may contact them for assistance with their business or investment plans in Victoria.
Notification of Contact Changes:
The applicant must update the Victorian Government on any changes to their contact details and participate in any government-initiated surveys.
Residence in Victoria:
The applicant is expected to maintain a residence in Victoria.
Advisory for Professional Advice:
It is strongly advised that applicants seek professional legal and financial advice before making investments or starting business activities in Victoria.
No Liability or Endorsement:
The Victorian Government does not endorse or accept liability for any investments, business activities, or associated financial outcomes.
The subclass 132B Visa is an excellent option for entrepreneurs who have secured substantial venture capital and are prepared to establish a high-impact business in Victoria, while adhering to these nomination conditions.
132 Business Talent Visa (South Australia Nomination)
This is a state-nominated permanent residence visa for business owners and entrepreneurs.
You have a choice of two streams:
✔️ Venture Capital Entrepreneurs: people who have obtained at least AUD$1 million in agreed funding from an Australian venture capital firm, which is also an AVCAL member, to develop an innovation to a commercial stage.
✔️ Significant Business History: high level business owners who want to undertake significant business activity providing either, employment, exports or high level investment.
The subclass 132 visa is valid for five years with future options for additional permanent residency visas or citizenship.
There is no points test for the subclass 132 visa.
Business migrants seeking nomination for a Business Talent migrant subclass 132 visa must meet both state and Department of Immigration and Border Protection requirements (DIBP).
State and DIBP requirements are different for each stream.
Venture Capital Entrepreneurs (VCE)
To meet the South Australian nomination requirements you must:
✔️ Meet 132 VCE stream criteria.
✔️ Intend to live in South Australia
✔️ Have a viable business idea approved for a minimum AUD $1,000,000 from a member of the Australian Private Equity and Venture Capital Association Limited (AVCAL) for a business venture in South Australia. The venture must be of exceptional economic benefit to South Australia with intellectual property to be registered in Australia.
✔️ Agree to register your arrival in South Australia with Immigration SA and maintain current contact details for the duration of your visa.
Significant Business History (SBH)
To meet the South Australian nomination requirements you must:
✔️ Meet DIBP 132 SBH stream criteria.
✔️ Intend to live in South Australia
✔️ Commit to invest in South Australia and meet the benefit to state requirement.
✔️ Provide information to Immigration SA to enable a two year review after visa grant. The information must detail the type of business being conducted, scale of the business and which of the following Benefit to State requirements you have met.
✔️ Agree to register your arrival in South Australia with Immigration SA and maintain current contact details for the duration of your visa.
The following Benefit to State requirements vary depending on your age, business type and location.
Benefit to State requirements under 55 years of age
You must commit to meeting at least one of the following requirements through your business in South Australia within the first two years of holding the visa:
✔️ Employ four full-time employees for a minimum of 12 months within 24 months of the 132 visa grant date. They must be Australian citizens, New Zealand passport holders, or permanent residents for the full 12-month period.
✔️ Export AUD $600,000 of South Australian products or services (turnover value).
✔️ Invest AUD $1,500,000 into a South Australian business(es) (AUD $1,500,000 for property developer
Exceptional Benefit to State requirements over 55 years of age
You must commit to meeting at least one of the following requirements through your business in South Australia within the first two years of holding the visa:
✔️ Employ eight full-time employees– for a minimum of 12 months within 24 months of the 132 visa grant date. They must be Australian citizens, New Zealand passport holders, or permanent residents for the full 12-month period.
✔️ Export AUD $1,200,000 of South Australian products or services (turnover value).
✔️ Invest AUD $6,000,000 into a South Australian business (AUD $2,000,000 for property developers).
Regional Concessions – Benefit to State requirements
To encourage investment outside of the capital city of Adelaide, the benefit to state requirements for State nomination are lower for country regional areas outside of greater Adelaide.
Benefit to State requirements under 55 years of age (Regional)
You must commit to meeting at least one of the following requirements through your business in regional South Australia within the first two years of holding the visa:
✔️ Employ three full-time employees– for a minimum of 12 months within 24 months of the 132 visa grant date. They must be Australian citizens, New Zealand passport holders, or permanent residents for the full 12-month period
✔️ Export AUD $500,000 of South Australian products or services (turnover value)
✔️ Invest AUD $1,000,000 into a South Australian business (AUD $1,500,000 for property developers).
Exceptional Benefit to State requirements over 55 years of age (Regional)
You must commit to meeting at least one of the following requirements through your business in regional South Australia within the first two years of holding the visa:
✔️ Employ six full-time employees– for a minimum of 12 months within 24 months of the 132 visa grant date. They must be Australian citizens, New Zealand passport holders, or permanent residents for the full 12-month period
✔️ Export AUD $1,200,000 of South Australian products or services (turnover value)
✔️ Invest AUD $4,500,000 into a South Australian business (AUD $2,000,000 for property developers).
The Venture Capital Entrepreneur Visa Stream is a part of the Business Talent (Subclass 132) visa, which is administered by the Department of Immigration and Border Protection (DIBP). This stream provides a pathway for migrant entrepreneurs to gain direct permanent residency in Australia, provided they have successfully secured venture capital funding from a member of the Australian Private Equity and Venture Capital Association (AVCAL).
The Australian Private Equity and Venture Capital Association (AVCAL) serves as the voice of private equity (PE) and venture capital (VC) in Australia. It is an advocacy group that includes a diverse membership of 54 domestic and international VC and PE managers, along with pension funds, service providers, and other stakeholders. AVCAL plays a crucial role in promoting the impact of VC and PE on the Australian economy through communication, research, and advocacy.
Funds Management: Australian VC and PE firms manage over AUD 29 billion in funds, providing both capital and expertise to companies across various stages of their business life cycles—from startups to large organizations.
Economic Contribution: AVCAL members support innovation, productivity, and sustainability in the companies they invest in, contributing to the overall growth of the economy. Currently, Australian VC and PE firms back more than 500 companies, which employ over 100,000 full-time equivalent jobs.
For the purposes of membership with AVCAL, venture capital is defined as:
Investment Focus: VC funds are wholesale institutional funds that primarily invest in early-stage companies within innovative sectors, such as life sciences, information technology, and communications. Their aim is to finance, incubate, commercialize, and grow these companies over the long term.
Membership Criteria: To be recognized as a VC fund by AVCAL, the fund must have Australian-domiciled assets with a minimum of AUD 15 million under management. Additionally, AVCAL reserves the right to evaluate each membership application individually before granting VC membership status.
The Venture Capital Entrepreneur Visa Stream is designed to attract talented entrepreneurs who have successfully secured venture capital funding, fostering innovation and economic growth in Australia. By partnering with AVCAL members, these entrepreneurs can access the necessary resources and expertise to establish and grow their businesses in the Australian market.
