Business Visa 132 Business Plan

 

 

The Business Talent visa (subclass 132) is a permanent residence visa for business people who are nominated by an Australian state or territory government agency and does not require a Point Test. Different states governments have individual requirements for the application.

Business Talent (Permanent) visa (subclass 132) has two streams:

  • Significant Business History stream: for high-calibre business owners or part-owners who want to do business in Australia

  • Venture Capital Entrepreneur stream: for people who have sourced venture capital funding from a member of the Australian Venture Capital Association Limited (AVCAL).​

 

You may be able to get this visa if you are nominated by a state or territory government agency and are invited to apply by the minister.

You must also either:

  • have net business and personal assets of at least AUD1.5 million and an annual business turnover of at least AUD3 million if you intend to apply for the visa in the Significant Business History stream, or

  • have obtained at least AUD1 million in venture capital funding to start the commercialisation and development of a high-value business idea in Australia if you intend to apply for the visa in the Venture Capital Entrepreneur stream.

 

 

How a Business Plan does helps in support of the 132 visa application

The state governments requires applicants to submit a business plan along with the application that shows the details of the current business activity and performance as well as evidence of market research and a genuine commitment to enter into business in Australia. This component is very crucial since the 132 visa is a permanent residence visa, the department would like to be sure that the applicants have a genuine interest to conduct business in Australia as closely linked to their business plan as possible.

The requirement for the business plan varies from state to state. Similar to the 188 business plan visa with some of the common criteria are as follows:

Details of business:

  • A full description of the business activity;

  • A full description of the products and services to be provided;

  • Where will the business be located?

  • Who will own the business?

  • How many staff will the business employ?

 

Details of Market:

  • Name customers, the products they will buy, at what volume, at what price, how many sales will be export sales;

  • Name suppliers, what products/inputs they will supply, at what volume, at what price;

  • Name your three closest competitors, what product they supply, at what price.

 

Details of Finance – prepared by our in-house CPA (Australia):

  • Profit and loss statement;

  • Balance Sheet;

  • Cash flow Statement;

  • Ratio analysis;

  • Break-even point analysis;

  • Identify working capital and how it will be financed and so on.

 

A business plan or market research is necessary during the visa nomination stage to be eligible for approval by the state government to be awarded state nomination.

 

Like our 188 business plans, our 132 Business Plans are also written by expert business migration analysts and writers. Our Business visas Business Plans have proven to be successful in our clients’ applications to all states in Australia and fully accepted by DIBP as well as to the state governments.

 

DELIVERY TIME FRAME:   7-10 business days, depending on complexity

Level 15, 111 Eagle Street Brisbane QLD 4000

 

T:   1300 527 778  / 1300 LBR SPT

T:   07 3102 1168

 

E:   hr@laboursupport.com.au

Labour Support Group Pty Ltd    |   ACN Number: 605 794 643

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