Business Talent Permanent Visa Subclass 132 has been designed to attract and retain skilled business people in Australia by giving them an incentive. It's available to an applicant who meets the eligibility criteria, including the points test requirements and is sponsored by an eligible business in Australia that nominates them as a prospective employee. If you are interested in applying for this visa, you must meet these requirements before starting the application process. This will ensure that your application gets approved without any delay or denial of your visa application due to non-eligibility issues.
Basic Eligibility Requirements of Visa 132
To be eligible for a business talent permanent visa 132, an applicant must:
- *Be sponsored by an approved organisation; and
- *Pass three points based on age, skills and experience.
- *The applicant must be under 45 years old (at the time of application).
- *An applicant who has successfully completed tertiary study in Australia is awarded one point.
- *Applicants with five or more years of work experience in Australia are awarded one point.
- *An experienced senior executive or professional working in Australia is awarded one point.
- *A PhD graduate from an Australian university will also score one point. One additional point can be scored if the applicant has a four-year degree from an Australian university (bachelor's degree or higher).
English language requirement for Permanent Visa Subclass 132
Speaking English is required if you apply under the Business Talent Permanent Visa Subclass 132. However, having English as your first language or speaking it fluently can be challenging, depending on where you live. Thankfully, there are many programs out there that will help prepare you for life in Australia as an overseas business owner! One of the favourites is TELC - Teaching English Language Courses which offers 10-week intensive courses.
Minimum Investment Requirement
You must have a minimum investment of AUD5 million to meet the requirements. Your investment should be more than 50% of your business's total capital and less than 100%. Your business cannot be in a sector that has been specifically excluded from the scheme.
These sectors are mining and resources, agriculture, property development and forestry. The exception is if you can demonstrate you will create at least five jobs in any of these industries and create five new businesses outside those industries.
Age Requirement
There is no minimum age requirement for the this visa similar to Business Owner Visa Subclass 890. However, you must be at least 18 years old and under 45 years of age on the date that your application is lodged. You can qualify as an applicant if you are a highly skilled and qualified business person (called General Skilled Migration) or are a spouse, partner or child under 18 who would need to accompany you in Australia.
The requirements for these visas differ, but applicants must pass certain tests, including skills assessment, English language proficiency and medical examination.
Previous occupation experience required.
- *You might be eligible for business talent permanent visa subclass 132 if you completed a PhD or Masters's degree in Australia, as long as it is within five years of your application date.
- *You may also be eligible if you completed an undergraduate degree or higher qualification in Australia and provided evidence that suggests your qualifications are on par with their Australian equivalents.