Subclass 132 Business Talent (Permanent) Visa
Direct permanent residency for experienced business owners with significant capital to establish or expand operations in Australia.
The Subclass 132 visa targets accomplished entrepreneurs seeking permanent migration to Australia. This stream recognises individuals with a demonstrated track record of business success and the financial resources to make meaningful economic contributions.
Applicants must evidence substantial entrepreneurial experience through business ownership and showcase sufficient capital to establish or expand business ventures in Australia. Unlike the 188 provisional pathway, the 132 grants direct permanent residency.
All applicants require a state or territory government nomination, which serves as a gatekeeping endorsement of business contribution potential.
Visa Streams
Significant Business History Stream
Venture Capital Entrepreneur Stream
Eligibility Requirements
- Demonstrated ownership and operation of own business
- Evidence of significant business talent and management capability
- Track record of business success and profitability
- Significant Business History: net business assets ≥ AUD 400,000
- Total net business + personal assets ≥ AUD 1.5 million (SBH stream)
- Venture Capital Entrepreneur: VC agreement ≥ AUD 1 million
- State or territory government nomination required
- Business ownership documentation and audited financials
- Business plan for Australian operations
Application Process
Step 1: Assess Eligibility
Review business background, financial capacity, and stream fit.
Step 2: Secure State/Territory Nomination
Obtain nomination from a state or territory government — this is a hard prerequisite before lodging.
Step 3: Prepare Documentation
Compile business records, financial evidence, audited statements, and business plan demonstrating qualification.
Step 4: Lodge Application
Submit complete visa application with supporting business and financial documentation via ImmiAccount.
Step 5: Decision
Home Affairs assesses business talent, financial capacity and contribution potential. Successful applicants receive direct PR.
Costs & Processing Time
Processing Time
Processing times vary by stream and complexity. We recommend early engagement to optimise nomination strategy.
Closed to New Applications
The Business Innovation and Investment Program (BIIP), including Subclass 132, was closed to new applications from 1 July 2024. Existing applications continue to be processed. Verify current status before commencing.
State Nomination is Mandatory
All 132 applicants require a state or territory government nomination. Different states have different priorities and nomination criteria — strategy matters.
Direct PR Advantage
Unlike the 188 → 888 two-stage pathway, the 132 grants permanent residence immediately upon approval — no provisional stage.
About the Subclass 132 Business Talent (Permanent) Visa
Direct permanent residency for experienced business owners with significant capital to establish or expand operations in Australia.
Articles for this visa are coming soon.
Frequently Asked Questions
Does the Subclass 132 grant PR immediately?
Yes — successful applicants receive direct permanent resident status upon visa grant. No provisional or temporary stage is required.
What is 'significant business talent'?
Demonstrated ownership and successful operation of business ventures, evidenced by financial performance, management capability, and strategic decision-making.
Is state nomination required?
Yes — all 132 applicants require nomination from a state or territory government. This is a hard prerequisite, not an optional add-on.
Can I include family members?
Yes — eligible family members can be included as additional applicants, each subject to individual fees and health/character assessment.
Ready to start your Subclass 132 Business Talent (Permanent) Visa application?
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