132 Visa - Significant Business History Stream

What is the Significant Business History Stream (Subclass 132 Visa)?

Subclass 132, is a permanent visa that allows business owners to operate a new or existing business in Australia. Once granted the visa, you can live, work and study permanently. You may apply for Australian citizenship if you are eligible.

Am I eligible to apply for the Significant Business History Stream of the 132 Visa?

What are the Subclass 132 Visa requirements? You may be eligible if you

are nominated by an Australian State or Territory government agency before applying for the visa
have had a business which has AUD $400,000 net assets or 10% ownership of a publicly listed company and;
have AUD $3 million total annual turnover for at least 2 of the last 4 fiscal years
have lawfully acquired net assets of at least AUD $1.5 million
are under 55 years of age
do not have any previous visa cancellations and have complied with conditions of your previous visa
meet health and character requirements
meet functional English language requirements. See below tab for more information on this requirement

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Functional English Evidence Requirements

You will meet the functional evidence requirement if you meet one of the following:

hold a valid passport issued by the United Kingdom, the United States of America, Canada, New Zealand or the Republic of Ireland
Your English has been assessed as functional by an Australian Adult Migrant English Program service provider
You completed a degree, a higher degree, a diploma or a trade certificate in an institution in or outside Australia that required at least 2 years of full-time study in English
you undertook your education at:
- Institution: a primary school and secondary school where all instruction was in English in or outside Australia

Study Time: All years of primary and at least 3 years of secondary study

Institution: a secondary school in or outside Australia where all instruction was in English

Study Time: At least 5 years of study

Institution: an institution in Australia where all instruction was in English

Study Time: At least 1 year of full-time study towards an award

Institution: an institution in Australia where all instruction was in English Study Time: The part-time equivalent of 1 year of full-time study towards an award
in the 12 months before you applied for the visa, you scored one of the following:
IELTS: An average band score of at least 4.5 based on the 4 test components
TOEFL iBT: A total band score of at least 32 based on the 4 test components of speaking, reading, writing and listening
PTE Academic: An overall band score of at least 30 for each of the 4 test components
CAE: An overall band score of at least 147 for each of the 4 test components

What are the benefits of the 132 Visa?

With the Business Talent (Permanent) Visa you can:

Live, work and study in Australia permanently
travel to and from Australia as many times as you want until the validity of your visa expires
sponsor eligible relatives to come to Australia
apply for the Australian citizenship if you are eligible

What are the costs of the 132 Visa?

The Department of Home Affairs visa cost for the main applicant of the Significant Business History Stream of Business Talent Visa is AUD $7,855

The cost for an additional applicant over 18 years old of the Business Talent Visa is AUD $3,930

The cost for an additional applicant under 18 years old of the Business Talent Visa is AUD $1,960

How long does it take to get the 132 Visa?

The Department of Home Affairs assesses applications on a case-by-case basis and processing time is not available for the Business Talent Visa. Completing application with necessary documents, responding to any requests quickly and providing required information can help expedite the process.

Frequently Asked Questions for Significant Business History Stream

Can I apply for the 132 Visa when I am outside Australia?

Yes, you can be in or outside Australia when applying for the Significant Business History Stream of Business Talent Visa.

Can I include my family members to Australia on the 132 Visa?

Yes, you can include your family members when you apply or any time before a decision is made.

Why choose us for the Business Talent Visa?

At Best Immigration Lawyers we have made visa application process easier and faster for many business owners. Our senior immigration lawyers and senior immigration agents are here to provide you the guidance and representation that is needed to ensure you reach your business goals. Please book a meeting online or call us on 0292830888 for professional assistance.