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With a permanent resident visa, you can start a new business or grow an existing one in Australia. Entrepreneurs from certain foreign countries might be qualified for a business talent permanent visa subclass 132. A minimum net worth, personal assets, and yearly business revenue are required for this visa, as well as venture capital backing. Additionally, a government organization from an Australian state or territory must nominate you.

 

What are the Advantages of a Business Talent (Permanent) Visa (Subclass 132)?

This visa provides you and your family with all the advantages of permanent residency in Australia.

 

·       Stable employment and residence in Australia

·       Australia study opportunity

·       Join Medicare, the government-run healthcare program in Australia.

·       opportunity to seek citizenship in Australia

·       Sponsoring family members to move in permanently

·       Travel in and out of Australia 

 

Steps to Apply for a Business Talent (Permanent) Visa (Subclass 132)

Here are all the necessary steps to must follow to apply for Business Talent Permanent Visa Subclass 132:

 

1.     Check if you meet all the Business Talent Permanent Visa Subclass 132 requirements.

The overall requirements for the Subclass 132 visa AND the particular needs of the stream under which you are seeking must both be met. Two streams are available for applying for the Subclass 186 visa:

 

·       This is a significant business stream for high-caliber business owners or partial owners who desire to grow their business in Australia.

·       For those who have obtained venture capital funding from an Australian Venture Capital Association Limited member, there is a Venture Capital Entrepreneur Stream (AVCAL)

 

2.     Send an Expression of Interest and wait to hear from SkillSelect about Applying

·       You need to be nominated by a state or territory government to apply for the Subclass 132 visa before you can apply. These governments can review your business claims after you submit an EOI and choose whether or not to nominate you.

·       If chosen, you will be invited to use skill select to apply for the Subclass 132 visa. You will have 60 days from receiving an invitation to apply online for a visa.

 

3.     Prepare Your Documents

·       You must provide several papers with your application for a Subclass 132 visa to support your claims. The Document Checklist contains a list of the documents.

 

4.     Lodge Your Application Online

·       You must apply online for the Business Talent (Permanent) Visa (Subclass 132). You must have all the required paperwork when you use it, along with the visa application fee, which can be paid with a credit card.

 

5.     Wait for a decision

·       The DHA sometimes takes many months to decide whether to grant your request for a visa. Further, if you want to apply for an investor visa subclass 891, you must already have a subclass visa 162 for your application to be approved. Before applying, you must have resided in the nation for at least two years.

 

6.     Receive your visa and start working

·     You will receive your visa once your application is accepted, at which point you can begin working in Australia.

 

The Business Talent Visa 132 is intended for applicants who want to expand their current businesses or start new ones in the nation. From the very beginning until your visa's successful completion, here you will find all the guidance.