132 Business Talent (PR) Visa<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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This is a permanent visa that grants permanent residence status and comes in two different streams:<\/p>

1. Significant Business History Stream:<\/strong> for large business owners who want to do business in
Australia
2. Venture Capital Entrepreneur Stream:<\/strong> for people with funding of at least AUD 1 million and
have sourced that funding from a member of the AVCAL.<\/p>

General eligibility criteria:<\/strong><\/p>

• Applicants must be nominated by an Australian State or territory<\/li>
• Invited through SkillSelect<\/li>
• Show genuine commitment to establish a new business in Australia or work in an existing
  business, maintain ownership, and participate in day to day management<\/li><\/ul>

  Significant Business History Criteria:<\/strong><\/p>

  • Must be under 55 years of age unless business is deemed to have exceptional economic
    benefit<\/li>
  • In the last 2 years, the business has had net assets of at least AUD 400,000; or
    – 10% ownership if it is a publicly listed company
    – business had annual turnover of at least AUD 3 million for past 2 years<\/li>
  • \u00a0Have net assets of at least AUD 1.5 million<\/li>
  • Must have an overall successful business career<\/li>
  • \u00a0ownership interest in the main business meets annual turnover requirements<\/li>
  • have sufficient asset for transfer to NSW for business and living expenses<\/li>
  • If the proposed business will be in Sydney, applicants must transfer at least $3 million in
    funds to NSW (inclusive of $1.5 million business investment)<\/li>
  • If the proposed business will be in regional NSW, applicants must transfer at least $2 million
    in funds to NSW (inclusive of $1 million business investment)<\/li>
  • Have a business plan that evidences that the business will meet NSW business investment
    and job creation requirements (i.e: for Sydney: minimum $1.5 million in business investment
    and at least 5 new full-time jobs; for Regional NSW: minimum $1 million in business
    investment and at least 3 new full-time jobs.<\/li><\/ul>

    Venture Capital Entrepreneur Criteria:<\/strong><\/p>

    In simple terms, a venture capital is a type of private equity capital, typically provided by outside
    investors to new businesses that promise to grow fast and produce an above-average return.
    Applicants must have a venture capital agreement of at least AUD 1 million through a company who
    is a member of the Australian Venture Capital Association Limited.
    And, applicants must maintain an ongoing management and ownership role in this business.<\/p>

    How to apply:<\/strong><\/p>

    1. \u00a0Submit and Expression of Interest in SkillSelect<\/li>
    2. Complete relevant NSW application form<\/li>
    3. Send application and required documents to NSW Department of Industry<\/li>
    4. If nominated, apply for the visa<\/li><\/ol>

       Business visas and business migration is very complex and it is advised that candidates seek professional legal advice to determine whether they have a good chance of qualifying.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

       132 Business Talent (PR) Visa This is a permanent visa that grants permanent residence status and comes in two different streams: 1. Significant Business History…<\/p>\n","protected":false},"author":1,"featured_media":947,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"nf_dc_page":"","footnotes":""},"class_list":["post-552","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"\n