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This visa offers the privilege of permanent residency and comes with two distinct streams, each catering to specific criteria:

Streams Available:

• Significant Business History Stream
• Venture Capital Entrepreneur Stream

Eligibility Criteria:

• Possess assets totaling AUD1.5 million along with a business turnover of AUD3 million.
• Obtain nomination from an Australian state or territory government.
• Receive an official invitation to apply for the visa.

Key Features:

• Attain indefinite stay in Australia as a permanent resident.
• Enjoy the freedom to work and engage in studies within Australia.
• Enroll in Australia’s comprehensive public health care system, Medicare.
• Have the ability to sponsor your relatives to join you in Australia.
• Experience the convenience of traveling to and from Australia for a period of five years.
• Potentially qualify to apply for Australian citizenship, contingent on meeting the eligibility requirements.

The Business Talent (Permanent) Subclass 132 Visa provides an opportunity for individuals with a significant business history or innovative business ideas to contribute to Australia’s economic landscape while enjoying the benefits of permanent residency.