What is the Venture Capital Entrepreneur Stream of the Subclass 132 Visa?

Venture Capital Entrepreneur Stream of the Business Talent Visa, Subclass 132, is a permanent visa that allows people to develop an innovation to a commercial stage in Australia. Once granted the visa, you can live, work and study permanently. You may apply for Australian citizenship if you are eligible.

 

Am I eligible to apply for the Venture Capital Entrepreneur Stream of the 132 Visa?

What are the Venture Capital Entrepreneur Stream of the 132 Visa requirements? You may be eligible if you

  • Are nominated by an Australian State or Territory government agency before applying for the visa
  • have a venture capital funding agreement of at least AUD $1 million through an Australian company which is a member of the Australian Investment Council.
  • do not have any previous visa cancellations and have complied with conditions of your previous visa
  • meet health and character requirements
  • meet functional English language requirements. See below tab for more information on this requirement

 

Functional English Evidence Requirements

You will meet the functional evidence requirement if you meet one of the following:

  • hold a valid passport issued by the United Kingdom, the United States of America, Canada, New Zealand or the Republic of Ireland
  • Your English has been assessed as functional by an Australian Adult Migrant English Program service provider
  • You completed a degree, a higher degree, a diploma or a trade certificate in an institution in or outside Australia that required at least 2 years of full-time study in English
  • you undertook your education at:
    • Institution: a primary school and secondary school where all instruction was in English in or outside Australia

Study Time: All years of primary and at least 3 years of secondary study

 

  • Institution: a secondary school in or outside Australia where all instruction was in English

Study Time: At least 5 years of study

 

  • Institution: an institution in Australia where all instruction was in English

Study Time: At least 1 year of full-time study towards an award

 

  • Institution: an institution in Australia where all instruction was in English Study Time: The part-time equivalent of 1 year of full-time study towards an award

 

  • in the 12 months before you applied for the visa, you scored one of the following:
  • IELTS: An average band score of at least 4.5 based on the 4 test components
  • TOEFL iBT: A total band score of at least 32 based on the 4 test components of speaking, reading, writing and listening
  • PTE Academic: An overall band score of at least 30 for each of the 4 test components
  • CAE: An overall band score of at least 147 for each of the 4 test components

 

What are the benefits of the 132 Visa?

With the Business Talent (Permanent) Visa you can:

  • Live, work and study in Australia permanently
  • travel to and from Australia as many times as you want until the validity of your visa expires
  • enrol in Australia’s public health care scheme
  • sponsor eligible relatives to come to Australia
  • apply for the Australian citizenship if you are eligible

 

What are the costs of the 132 Visa?

The Department of Home Affairs visa cost for the main applicant of the Venture Capital Entrepreneur Stream of Business Talent Visa is AUD $7,855

The cost for an additional applicant over 18 years old of the Business Talent Visa is AUD $3,930

The cost for an additional applicant under 18 years old of the Business Talent Visa is AUD $1,960

 

How long does it take to get the 132 Visa?

The Department of Home Affairs assesses applications on a case-by-case basis and processing time is not available for the Business Talent Visa. Completing application with necessary documents, responding to any requests quickly and providing required information can help expedite the process.

 

Frequently Asked Questions for Venture Capital Entrepreneur Stream

Are Australian Investment Council and AVCAL the same?

Yes, the Australian Investment Council (AIC) is formerly known as the Australian Private Equity and Venture Capital Association Limited (AVCAL).

Can I apply for the 132 Visa when I am outside Australia?

Yes, you can be in or outside Australia when applying for the Venture Capital Entrepreneur Stream of Business Talent Visa.

Can I include my family members to Australia on the 132 Visa?

Yes, you can include your family members when you apply or any time before a decision is made.

 

Why choose Withstand Lawyers for the Business Talent Visa?

At Withstand Lawyers we have made the 132 Visa application process easier and faster for many entrepreneurs. Our firm specialises in immigration law and has experienced legal professionals and resources required to provide you with the guidance and representation that is needed to ensure you reach your business goals. Please book a meeting online or call us on 1800 952 901 for professional assistance.

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