Business Talent Migration to Australia (Direct PR) 132
About this Visa:
This category is Permanent Residency (for life time) that allows you and full family to live in Australia for life time. You and full family, gets all benefit of Australian PR, other than voting right. Once you operate business in Australia and meet stay requirements, you become Citizen of Australia and get Australian Passport. Whoever family members stay, they get citizenship and other stay as PR for life time until they stay in future and become citizen.
Can I apply in Australia or overseas?
You can either be in Australia or overseas when we lodge your application. To apply in Australia, you must have other substantive visa or in Bridging A, B or C Visa.
Business Talent Visa is available in two streams:
1. Significant Business History Stream: for people with large-scale business ownership and experience.
2. Venture Capital Entrepreneur Stream: for people who have access to venture capital funding of at least AUD 1 million.
Business Talent Visa is available in two streams:
1. Significant Business History Stream: for people with large-scale business ownership and experience.
2. Venture Capital Entrepreneur Stream: for people who have access to venture capital funding of at least AUD 1 million.
Basic Requirements (132):
Common Criteria
All applicants must have a genuine and realistic commitment 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
For the Significant Business History Stream, you would need to meet the following criteria:
1. Main applicant under 55 years of age. If you are 55 years or more, some state may accept your application under exceptional economic benefit;
2. Net Asset Personal and Business assets (Applicant + Spouse) to be AUD 1,500,000;
3. Main applicant have an overall successful business career;
4. You and or your partner must have at least AUD 400,000 net asset in one or 2 qualifying businesses;
5. Annual turnover of at least AUD 3,000,000 for the 2 years in recent 4 fiscal years from maximum 2 qualifying business;
6. Qualifying Business – Main applicant (only) MUST have any one of bellow for 2 fiscal years;
o Minimum 51% Share if turnover is less than AUD 400,000 per year; OR
o Minimum 30% Share if turnover is more than AUD 400,000 per year; OR
o Minimum 10% Share of Public Listed Company.
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).
IMPORTANT:
Business Talent migration is a very complex process, especially determining the possibilities and presenting it to the Department in the way law requires. Different country have different investment phenomena and financial systems, and that all needs to be integrated in Australia and International standard. With our expertise on processing applications from around the globe, we know the differences and can guide you the best. Sometimes you may have other options for migrating to Australia. So we need to go through details information and give a proper assessment on your prospect and options. It takes reasonable amount of time to do so but still we are happy to do it for you, if you can provide all genuine and true information to us. Without seeing proper documents, we are not able to give any comments. IELTS and Education is not mandatory for this visa. Once you get this visa, we will help for Business Acquisition and also provide assistance till you get Australian Citizenship.
How much does it cost to apply?
Main applicant application fee is AUD 7,855
Any Family members over 18 years of age is AUD 3,930
Any Family members under 18 years of age is AUD 1,960
If main applicant or any family member over 18 years of age have less than functional English, there is additional fee (Second Installment) applies:
The Second Installment charge for Main Applicant is AUD 9,795
The Second Installment charge for over 18 any family member is AUD 4,890
* Other professional service fee, surcharge, third party fees applicable to process the application through us and can be discussed once we check the eligibility.