The Business Talent visa is not an investment visa. It is a specialist visa designed for high net worth individuals, under the age of 55, with an outstanding commercial background and who intend to settle in Victoria and establish a business, which delivers ‘exceptional’ economic benefit to the state.
It is critical that you assess your eligibility for this visa by referring to the full details on the Department of Immigration and Border Protection (DIBP) website.
The business activity must be eligible and supported by comprehensive market research that includes an evaluation of the business’s potential to deliver an ‘exceptional’ contribution to the economy of Victoria.
Elements taken into account when assessing the ‘exceptional’ economic benefit of the business include:
The applicant’s required net capital investment into the Victorian based business would generally be no less than A$2 million. The total value of the business may therefore be significantly greater. In addition to the A$2 million the applicant is required to have a further A$500,000 available for family settlement.
It is expected that the applicant will have visited Victoria and undertaken detailed market research, and where appropriate, consultation with relevant government agencies.
Not all business activity is deemed ‘eligible’ for nomination. Exclusions include: passive investment, general importing, exporting of commodities and smaller project based property development.
If the applicant has identified a business partner or an existing business in Victoria then that business partner will be expected to present a separate business submission to the Skilled and Business Migration office.
The principal visa holder’s activities will be monitored by both the state and Australian government authorities 24 months after activation of a business talent visa. The applicant will notify the Victorian Government of any changes in their contact details and agrees to participate in any surveys that the Victorian Government may initiate.
The visa holder must own or hold a ‘significant’ portion of an ‘eligible’ business and be able to provide evidence that they have invested their own time and continuously utilized their own skills by actively participating at a senior level in the day-to-day strategic management of that business.
All offers of nomination are subject to individual conditions which the applicant must accept. Failure to comply with these conditions will adversely impact on the State Government of Victoria’s ongoing support for the business talent visa.Download a copy of the Guidelines for State Nominated Significant Business History (Permanent) visa (subclass 132A) (DOC, 94 KB)
There are three steps to applying for a state nominated 132(A) visa:
Step 1. Submit an Expression of Interest through DIBP's SkillSelect
Step 2. Apply for visa nomination
1. Prepare your documentation by completing the following:
Appointment of an Agent/Representative form
Part B form
All of the above are available from the Supporting Documentation and Forms page.
Business plan/market research.
2. Register as a user of the Live in Victoria website.
3. Apply for visa nomination online, uploading the documents when requested.
If you experience technical difficulties with your online application, please email: email@example.com
Step 3. If the application is successful in attracting state nomination
If further clarification is required regarding your application, additional information may be requested.
You and your agent will be notified of the outcome of your state nomination application by email.
For further information or assistance with your application for Victorian visa nomination please contact:
Telephone: +61 3 9651 9756