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A permanent visa for people who have sourced venture capital funding from a member of AVCAL to fund the start up or product commercialisation of a high value business idea. You must be nominated by a state or territory government.

The Department of Home Affairs discontinued this visa on 1 July 2021. If you were nominated for the Business Talent subclass 132 visa between 4 January 2021 and 1 July 2021, see below for details of your nomination requirements.

You must:

  • notify us of any changes to your contact details.
  • participate in any surveys that the Victorian Government may conduct.

You must meet with a representative of the Victorian Government’s Skilled and Business Migration Program at 6 month intervals for two years from the date of visa grant.

  • These meetings will be conducted either in person (including through site visit), or online.
  • You can contact a representative from our team using this form.
    • Your representative will connect you with relevant Victorian Government services and programs relevant to your business.

You must not change the nature of your proposed business activity. If you change your proposed business activity, the Victorian Government could withdraw support for your visa nomination.

You will need written consent from the Victorian Government if you need to change your business activity.

State nomination cannot be transferred from one state to another.

You must comply with the conditions that you signed in the Nomination Conditions Form.

If you were nominated for your visa before 4 January 2021, you can request a copy of your Nomination Conditions.

Eligible Business Activity The business type and scope approved by Victoria in a 132 visa holder’s visa Nomination Application.
Establish a Residence and Reside in Victoria for no less than 6 months The visa holder is required to purchase or rent a residential home to facilitate their residence in Victoria. Bond receipt documents and a formal lease will be required to evidence rental of a residence, formal title deed will be required to evidence property purchase. The Victorian Government will
also require Passenger Movement Records and utility bills for the period of residence.

Staying with friends outside of a formal lease arrangement during this time cannot be counted toward the 6-month period, as it does not demonstrate a financial commitment to continue living in Victoria. It is also not able to be sufficiently evidenced.

For border towns only (those that
share a border with SA or NSW) these can be accepted at the discretion of the Victorian Government.

This 6-month residence period does not need to be consecutive and may be made up of multiple stays during the 24 months following visa activation.

The visa holder is not permitted to reside
in any other state other than Victoria, during the 24 months following visa application.

Exceptional Economic Benefit The primary visa holder must undertake business activity that will provide an exceptional economic benefit to Victoria. Factors taken into account when assessing this exceptional economic benefit include, but are not limited to:
  • introduction of new/improved technology
  • job creation/retention
  • expanding exports of value added goods and services
  • introduction of new skills
  • increasing competitiveness
  • import replacement
  • the industry sector involved
  • the geographic location of the business.

The Victorian Government will assess nomination applications against these and any other relevant factors.

If the business proposal undertaken by the subclass 132-visa holder has been approved by the Skilled and Business Migration Program in the Nomination Application, the proposed business activity can be considered to have met this requirement.

Victorian Business A Victorian business must have its main premises located in a Victorian postcode. A main premise is defined as the location where the majority of staff are located. This refers to the business undertaken in Victoria, while an individual holds a Victorian nominated visa.
Visa Activation This refers to the date of first entry to Australia on the Victorian Nominated 132 visa.




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