Overview

The Subclass 132 visa offers a direct pathway to permanent residence for exceptionally successful global business talent wanting to establish ventures and drive economic growth in Australia. 

Key Features

– Allows visa holders to live, work and study indefinitely anywhere in Australia.  

– Includes full access to Australian healthcare coverage and travel rights.

– Option to sponsor eligible family members. 

– Entitles holders to apply for Australian citizenship when eligible.

Two Alternate Pathways 

1. Significant Business History Stream – For high net worth business owners with substantial entrepreneurial success. 

2. Venture Capital Entrepreneur Stream – For innovative entrepreneurs backed by Australian venture capital funding.

Eligibility Criteria

– State/Territory government nomination required to then lodge visa application.  

– Stringent business track record, investment, asset and turnover thresholds must be met. 

– Applicants would need to establish/develop qualifying business in Australia.

– Specific ongoing obligations and conditions applicable to each stream.

Conclusion

With exclusive criteria targeting elite global business talent, the Subclass 132 visa aims to attract outstanding entrepreneurial leaders to boost Australia’s competitive business environment.