Last updated: 16 March 2026

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Business Talent Visa for Entrepreneurs and Investors

The Business Talent Visa (Subclass 132) allowed experienced entrepreneurs and high-net-worth business owners to establish or expand businesses in Australia.

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This visa formed part of Australia's former business migration program and targeted applicants with strong business experience, substantial assets, and a proven record of successful enterprise management.

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Many entrepreneurs used the Subclass 132 visa to launch companies, invest capital, and create employment opportunities in Australia.

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Business migrants who qualified under this visa often planned long-term commercial activity and permanent residence in Australia.

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Status of the Business Talent Visa

The Australian Government closed the Business Talent Visa (Subclass 132) to new applications in 2024. This change formed part of broader reforms to Australia's business migration program.

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The Department of Home Affairs no longer accepts new applications for this visa. Applicants who submitted applications before the program closure continue through the visa assessment process. Australia continues to support business migration through other pathways within the broader Business Visa Australia migration framework.

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What Was the Business Talent Visa?

The Subclass 132 visa granted permanent residency to experienced business owners and entrepreneurs who planned to operate businesses in Australia.

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This visa allowed successful applicants to:

• establish a new business in Australia

• expand an existing enterprise

• invest capital into Australian business ventures

• contribute to economic growth and employment

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The visa targeted entrepreneurs with strong commercial records and significant financial resources.

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Streams Under the Business Talent Visa

The Business Talent Visa (Subclass 132) included two streams designed for different types of entrepreneurs.

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Significant Business History Stream

This stream targeted experienced business owners who demonstrated strong commercial performance.

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Applicants needed to show:

• significant annual business turnover

• substantial personal and business assets

• a genuine commitment to operating a business in Australia

Many established business owners used this pathway when expanding international operations.

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Venture Capital Entrepreneur Stream

This stream targeted entrepreneurs who secured venture capital funding from an Australian investment organisation.

Applicants needed investment support from a member of the Australian Investment Council to develop innovative business activity in Australia.

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This stream supported entrepreneurs who introduced new technologies, products, or services into the Australian market.

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Business Talent Visa Requirements

Applicants who pursued the Subclass 132 visa needed to meet strict eligibility criteria.

Requirements varied depending on the stream but generally included several key factors.

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Business Ownership Experience

Applicants needed a strong history of business ownership or enterprise management.

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Business and Personal Assets

Applicants needed substantial net assets to support business activity in Australia.

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Business Turnover

The Significant Business History stream required evidence of strong annual business turnover.

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State or Territory Nomination

Applicants required nomination from an Australian state or territory government before lodging the visa application.

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Genuine Business Commitment

Applicants needed to demonstrate a clear intention to establish or operate a business in Australia.

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Business Migration Pathways in Australia

Although the Business Talent Visa (Subclass 132) no longer accepts new applications, Australia continues to support business migration through other visa pathways.

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Many entrepreneurs and investors previously used the Business Innovation and Investment Visa (Subclass 188) as a provisional pathway before progressing toward permanent residency.

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Eligible applicants who operated successful business activity could later apply for Business Innovation and Investment Visa (Subclass 888).

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These visas formed part of the broader Business Visa Australia migration framework for investors and entrepreneurs.

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Who Used the Business Talent Visa?

The 132 visa Australia attracted experienced entrepreneurs who wanted to expand global business operations.

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Typical applicants included:

• international business owners expanding operations into Australia

• entrepreneurs launching new companies

• investors establishing commercial partnerships

• high-net-worth individuals with significant business assets

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These applicants contributed capital, innovation, and employment opportunities to the Australian economy.

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Business Migration Advice

Business migration decisions often involve large investments, complex eligibility requirements, and long-term commercial planning.

Professional advice helps entrepreneurs understand visa pathways, investment requirements, and migration strategies.

Registered migration agents can assess your business background and identify suitable migration options within Australia's current visa framework.