Know About the Business Owner Visa Subclass 890 and the Business Talent Permanent Visa Subclass 132

Are you looking to establish or manage a business in Australia? Then you should know about the Business Owner Visa Subclass 890 and the Business Talent Permanent Visa Subclass 132. These visas are designed to help individuals who want to set up a business or invest in Australia, as well as those who possess exceptional business skills. In this blog post, we'll take a closer look at the requirements and benefits of these two visa types, and how you can apply for them. Read on to learn all about the Business Owner Visa Subclass 890 and the Business Talent Permanent Visa Subclass 132.

The requirements for each visa

When you’re an aspiring business owner or a business talent looking to make the move to Australia, the first step is knowing what visa you need. For business owners, the Business Owner Visa Subclass 890 is the way to go. For business talent, the Business Talent Permanent Visa Subclass 132 is the right choice. Here, we’ll look at the requirements for each of these visas to help you determine which one is right for you.

Business Owner Visa Subclass 890

The Business Owner Visa Subclass 890 allows business owners to live and work in Australia on a permanent basis. In order to qualify, you must be a business owner or investor with a genuine commitment to establishing and managing a business in Australia. You must also demonstrate that your business is of benefit to the Australian economy and that you meet certain age, character, health and English language requirements.

Business Talent Permanent Visa Subclass 132

The Business Talent Permanent Visa Subclass 132 is for those who have unique and valuable business skills. In order to qualify for this visa, you must demonstrate that you have substantial business or investment experience, a successful history of running your own business or managing a business, and that you have at least AUD1.5 million in net assets. Additionally, you must be aged 55 years or younger and meet certain health and character requirements.

Ultimately, both of these visas can provide you with the opportunity to live and work in Australia permanently. Depending on your individual circumstances, one may be more suitable than the other. Be sure to do your research and contact a professional migration agent if you have any questions or need assistance.

The benefits of each visa

• The Business Owner Visa Subclass 890 allows foreign business owners to set up and operate a new or existing business in Australia. This visa offers an extended pathway to permanent residency after two years of operating your business, as well as a range of other benefits such as access to the Australian labour market and an accelerated pathway to permanent residence if you can demonstrate success in your business venture.

• The Business Talent Permanent Visa Subclass 132 is a permanent visa that enables successful applicants to set up a new or existing business in Australia, undertake management of a business, or become a passive investor in an Australian-based venture. 

• Both the Business Owner Visa Subclass 890 and the Business Talent Permanent Visa Subclass 132 offer business owners from overseas the opportunity to start and operate a business in Australia.

Whether you are looking to establish a start-up, acquire an existing business, or become a passive investor in an Australian venture, these visas provide potential pathways to long-term residence in Australia.