Subclass 132 Visa Overview
The Business Talent (Permanent) visa (subclass 132) was designed for high-calibre business owners and entrepreneurs who were nominated by an Australian state or territory government. This visa allowed successful applicants to establish a new business or develop an existing business in Australia with immediate permanent residency.
Note on Visa Status (2026):
The Australian Government permanently closed the Business Innovation and Investment Program (BIIP), including the Subclass 132 visa, to new applications on 31 July 2024. The Department of Home Affairs is currently only processing the remaining backlog of applications lodged prior to this closure. New business and investment migrants are now directed toward the National Innovation Visa.
Significant Business History Stream
This stream was intended for experienced business owners who wanted to have a major management role in a new or existing business in Australia.
- Net Assets: Applicants required net business and personal assets of at least AUD 1.5 million transferable to Australia within two years of visa grant.
- Annual Turnover: A minimum turnover of AUD 3 million in one or more main businesses in at least two of the four fiscal years immediately before the invitation.
- Ownership: Minimum ownership requirements:
- 51% of a business with turnover less than AUD 400,000 per year.
- 30% of a business with turnover of AUD 400,000 or more per year.
- 10% of a publicly listed company.
Venture Capital Entrepreneur Stream
This stream was for individuals who secured venture capital funding from a member of the Australian Investment Council.
- Funding Requirement: A legally binding agreement to receive at least AUD 1 million in funding.
- Purpose: For the start-up, product commercialisation, or business development of a high-value business idea.
Eligibility Criteria
To have qualified for the Subclass 132 visa, applicants were required to meet the following:
- Nomination: Received a nomination from an Australian State or Territory government agency.
- Invitation: Received an invitation to apply through SkillSelect.
- Age: Usually under 55 years of age.
- English Language: Demonstrated functional English or paid the second instalment of the visa application charge.
- Health and Character: Met standard Australian health and character requirements.
2026 Fees and Charges
The Department of Home Affairs has maintained a specific fee structure for the Business Talent (Permanent) visa. While other visa categories saw increases in 2025 and 2026, the 132 subclass retains the following base charges for the remaining backlog as of 2026.
| Applicant Type | Base Application Charge (AUD) |
| Main Applicant | $7,855 |
| Additional Applicant (18 and over) | $3,930 |
| Additional Applicant (Under 18) | $1,965 |
Note: A second instalment fee of AUD 9,795 is required for applicants aged 18 or over who do not have functional English.
Processing Times
Processing times for the Subclass 132 visa are currently influenced by the prioritisation of the new National Innovation Visa and the resolution of the legacy BIIP backlog.
- 50% of applications: 28 Months
- 90% of applications: 37 Months
Post-Grant Obligations
As a permanent resident under this subclass, holders must adhere to strict monitoring requirements:
- Business Involvement: Maintain substantial ownership and daily management involvement in a qualifying Australian business.
- Monitoring Surveys: Complete mandatory surveys and provide evidence of business activity 24 months after arrival.
- Contact Details: Notify the Department of any change to your Mobile number or residential address.
Frequently Asked Questions
Can I still apply for a Subclass 132 visa in 2026?
No. The program closed to new applications on 31 July 2024. The Department is only finalising applications that were submitted before this date.
Is there a points test for this visa?
No, the Subclass 132 visa was a high-value pathway that did not use a points-based selection system.
Do I need to live in a specific state?
Yes. You are expected to live and establish your business within the State or Territory that provided your nomination.
What happens if I cannot meet the business requirements after the visa is granted?
The Department monitors 132 visa holders for the first three years. Failure to demonstrate a genuine effort to engage in business activity can lead to visa cancellation.
