132 Business Talent Visa
This visa is available for high-calibre business people who have a genuine commitment to operate a business in Australia and also has two main streams
- Significant Business History Stream; This visa provides permanent residence status at the first stage. You must be nominated by the Government of Western Australia to apply for this visa. Applications are made on a case by case basis. State Nomination criteria includes:
- You have maintained at least a 30 per cent ownership share (or 10 per cent where the business is a publicly listed company) and directly managed a business which had turnover of at least A$3,000,000 for two of the last four fiscal years;
- Your net assets in business were at least A$400,000 for two of the last four fiscal years;
- You must maintain a substantial ownership interest in your proposed business activity in Western Australia;