132A – Significant Business History Stream

About this Visa

132A (Significant Business History Stream) is one type of stream for the (132 Business Talent Permanent Visa). It is suitable for high-calibre business owners or part-owners who want to do business in Australia. You might be able to get this visa if you are nominated by a state or territory government agency and are invited to apply by the minister.

132A Visa Requirement

  1. Younger than 55 years of age (a state or territory can waive it, if your proposed business will be of exceptional economic benefit to the region where it will operate)
  2. You, your partner, or you and your partner combined must have all of the following:
    1. Total net assets of at least AUD400,000 as the ownership interest in one or more qualifying businesses for least two of the four fiscal years immediately before you are invited to apply
    2. If the qualifying business was a publicly listed company, a shareholding of at least 10% of the total issued capital
    3. Net business and personal assets of at least 5 million that are legally acquired and can be transferred to Australia within two years after the visa is granted
    4. Total annual turnover of at least AUD3 million in one or more of your main businesses in at least two of the four fiscal years immediately before you are invited to apply
  3. Ownership of at least:
    1. 51% of a business with turnover of less than AUD400,000 per year
    2. 30% of a business with turnover of more than AUD400,000 per year
    3. 10% of a publicly listed company
  4. An overall successful business career
  5. No involvement in unacceptable business activities
  6. A genuine desire to own and maintain a management role in a business in Australia

Before and how you apply

  1. Prepare your documents
  2. First submit an Expression of Interest (EOI)
  3. Be invited through SkillSelect to apply
  4. Received invitation
  5. Lodge Visa Application

132A Visa Holder Obligation

After entering Australia, you must:

  1. Establish a qualifying business in Australia, or
  2. Participate in an existing qualifying business in Australia

In the business, you must:

  1. Maintain substantial ownership
  2. Maintain direct and continuous involvement in the day-to-day management of the business
  3. Make decisions that affect the overall direction and performance of the business in a way that benefits the Australian economy