132 visa | John Hu Migration Consulting

132 visa | John Hu Migration Consulting

Australia Business Migration | 132 Visa 

 

Business Innovation and Investment (Provisional) Visa (Subclass 188)

 
The Business Innovation and Investment (Provisional) Visa (Subclass 188) is part of the Business Innovation and Investment Programme.
 
You must submit an Expression of Interest (EOI) through SkillSelect and be nominated by a state or territory government before being invited to apply for this Australia Business Visa.
 

The Business Australia Migration Visa Includes Three Streams:

 
 

  1. Business Innovation Stream: for people with business skills who want to establish, develop and manage a new or existing business in Australia.
 

 
  1. Investor Stream: for people who want to make a designated investment of at least AUD $1,500,000 in an Australian state or territory and maintain business and investment activity in Australia.
 

 
  1. Significant Investor Stream: for people who are willing to invest at least AUD $5,000,000 complying investments in Australia and want to maintain business and investment activity in Australia.
 
Holding this Visa is the first stage before becoming eligible to qualify for a Business Immigration Australia Innovation and Investment (Permanent) Visa (Subclass 888).
 

Features:

 
This Visa is for people who want to own and manage a new or existing business in Australia, or to invest in an Australian state or territory.
 

Requirements:

 
You may be eligible to obtain this visa if you are nominated by a state or territory government agency and are invited to apply by the Minister for Immigration and Border Protection.
 

You May Be Able to Get This Visa If:

  • You are nominated by a state or territory government.
  • You are invited to apply.
  • You (and all of your family members) meet certain health and character requirements.
  • You meet the additional requirements for the stream in which you apply.
 

132 Visa - Business Talent (Permanent) Visa

 

Features

 
The 132 Visa allows you to establish a new or to develop an existing business in Australia. It has two streams:
 

 
  • Significant Business History Stream: for high-calibre business owners or part-owners who want to do business in Australia.
 

 
  • Venture Capital Entrepreneur Stream: for people who have sourced venture capital funding from a member of the Australian Venture Capital Association Limited (AVCAL).
 
132 Visa Checklist
 
You may be eligible to obtain a 132 Visa if you are nominated by a state or territory government agency and are invited to apply by the minister.
 

You Must Also Either:

 

 
  • Have net business and personal assets of at least AUD $1,500,000 and an annual business turnover of at least AUD $300,000 if you intend to apply for the visa in the Significant Business History stream, or - 
 

 
  • Have obtained at least AUD $100,000 in venture capital funding to start the commercialisation and development of a high-value business idea in Australia (if you intend to apply for the 132 Visa in the Venture Capital Entrepreneur Stream).
 
The Business Talent Visa (Subclass 132) is a permanent residence visa for business people who are nominated by an Australian state or territory government agency.
 
To be able to get the 132 Visa, you need to submit an Expression of Interest (EOI) through SkillSelect and then be invited to apply.
 
You can be in or outside of Australia when you apply for a 132 Visa and when it’s decided.
 

You May Be Eligible for The 132 Visa If:

 

 
  • You are nominated by a state or territory government.
  • You are invited to apply.
  • You must meet certain character requirements. You must be prepared to provide a police certificate from each country you have lived in for 12 months or more during the past 10 years after you turned 16 years of age. Do not arrange for police certificates until we ask you to.
  • This applies to you and all the dependent family members listed in your application, whether they are migrating or not.
  • Debts to the Australian Government.
 
Before the 132 Visa can be granted, you must have no outstanding debts to the Australian Government or have arranged to repay any outstanding debts to the Australian Government prior to your visa being granted.
 

Significant Business History Stream

 

 
  • You, your partner, or you and your partner combined, must have all of the following:
 

 
  • Total net assets of at least AUD $400,000 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, and if the qualifying business(es) was a publicly listed company, a shareholding of at least 10 per cent of the total issued capital.
 

 
  • Net business and personal assets of at least AUD $1,500,000 that are legally acquired and can be transferred to Australia within 2 years after the visa is granted.
 

 
  • A total annual turnover of at least AUD $3,000,000 in one or more of your main businesses in at least 2 of the 4 fiscal years immediately before you are invited to apply.
 

 
  • Ownership of at least:
 

 
  • 51% of a business with a turnover of less than AUD $400,000 per year.
 

 
  • 30% of a business with a turnover of more than AUD $400,000 per year, or -
 

 
  • 10% of a publicly listed company.
 

 
  • An overall successful business career.
 

 
  • No involvement in unacceptable business activities.
 

 
  • A genuine desire to own and maintain a management role within a business in Australia.
 

 
  • You must also be younger than 55 years of age, although a state or territory can waive this requirement if your proposed business will be of exceptional economic benefit to the region where it will operate.

 
To find out more about how to obtain a 132 Visa, please email jhmigration@gmail.com or call our hotline at 852-3568 1436. Alternatively, you can also send us your completed ‘Free Assessment Form’. Our immigration consultants will reply to your inquiry within 24 hours and provide you with a FREE phone consultation service.
 


 
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