Visa 132 - Business Talent
This visa is available for high-calibre business people who have a genuine commitment to operate a business in Australia.
Significant Business History Stream
This visa provides permanent residence status at the first stage. You must be nominated by the Government of Western Australia to apply for this visa. State Nomination criteria includes:
- You have maintained at least a 30 per cent ownership share (or 10 per cent where the business is a publicly listed company) and directly managed a business which had turnover of at least A$3,000,000 for two of the last four fiscal years;
- Your net assets in business were at least A$400,000 for two of the last four fiscal years;
- You are able to transfer at least A$3,000,000 to Western Australia within two years of visa grant for your business investment and settlement costs;
- Your proposed business activity will generate substantial economic benefits for the State of Western Australia (refer to the State nomination guidelines); and
- You are less than 55 years of age, or you are proposing to participate in a business activity which will be of exceptional economic benefit to the State (refer to the State nomination guidelines).
Venture Capital Stream
- You have entered into a legally enforceable agreement with an Australian company to receive venture capital funding for:
- the early-phase start-up of a business; or
- the commercialisation of a product; or
- the development of a business; or
- the expansion of a business.
- You have sourced at least A$1,000,000 in venture capital funding through a member of the Australia Venture Capital Association Limited (AVCAL);
- You have access to an additional A$50,000 for settlement and ongoing living costs;
- Your proposed business activity will generate substantial economic benefits for the State of Western Australia (refer to the State Sponsorship Guidelines); and
- You are less than 55 years of age, or you are proposing to participate in a business or investment activity which will be of exceptional economic benefit to the State (refer to the State Sponsorship Guidelines)
132 State Nomination Application Process
- You will need to complete the 132 Business Talent State nomination application form, pay the nominated fee and submit your application with supporting documentation to the Business Migration Centre for conditional approval. No formal business proposal is required at this stage however details of the proposed business activities will need to be provided in the application form.
- If your application is assessed as meeting the criteria, conditional nomination is granted and you are advised to attend an interview with a Government of Western Australia officer either in Perth or the nearest overseas post. If your interview is successful, you will be granted full State Nomination and you can now proceed with lodging your EOI with SkillSelect.
- Six months from the date of State Nomination approval, you will be requested to provide a more detailed business proposal and evidence that research into your proposal has taken place. You will need to demonstrate you have a genuine intention of investing and engaging in a business activity in Western Australia.
Failure to provide a satisfactory response may result in the withdrawal of your State Nomination by the BMC.
Supporting documentation accompanying your business proposal should include, but is not limited to the following: - Evidence of in depth business research and a realistic business concept.
- Third party evidence of communication, meetings and/or negotiations with prospective vendors, suppliers and/or buyers.
- Prior travel to Western Australia.
- On your initial entry to Western Australia, after your visa is approved, you are required to attend a meeting with a business migration officer in order to further assess the progress of your proposed business activities. You will be required to confirm contact details for monitoring purposes.
- You will be sent a questionnaire for monitoring purposes at 12 months after visa approval, 24 months and 36 months.
Failure to respond may result in the BMC not supporting your application at the DIAC monitoring stage.
You must complete and return each questionnaire and demonstrate how you are meeting the conditions of your State Nomination Agreement, including: - Total capital transfer to WA
- Business investment
- Type of business activity
- Location of business activity
- Employment generation
Upon arrival in Western Australia, Business Talent visa holders are expected to quickly become actively involved in business in Western Australia and are subject to monitoring by both the Department of Immigration and Citizenship and the Government of Western Australia to assist them fulfil their business activities.
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