Business Talent (Permanent) visa (subclass 132): An overview

If you are looking for establishing a new business or investing and expanding your existing business then this visa is for you. The business talent visa is a permanent residence visa and you can stay and work in Australia indefinitely and for eternity.

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

• ·         Significant Business History Stream: This stream is for high-caliber or high net worth business owners or part owners who are looking to do and develop business in Australia.
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• ·         Venture Capital Entrepreneur Stream: This stream is for  for individuals who have sourced venture capital funding from a member of the Australian Venture Capital Association Limited (AVCAL)

The basic requirements for the Business Talent (Permanent) visa (subclass 132) are:

• ·         For Significant Business History Stream: You must have net business and personals assets which worth to at least  AUD 1.5 million and the annual business turnover must be at least AUD 3 million.
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• ·         For Venture Capital Entrepreneur Stream: You must have obtained at least AUD 1 million in venture capital funding intended to start the commercialization and development of a high-value business idea in Australia.

As mentioned earlier the Business Talent (Permanent) visa (subclass 132) is a permanent residence visa and lets you and any other member of your family who has also been granted this visa enjoy the following facilities:

• ·         You can stay and work in Australia indefinitely
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• ·         You can study and pursue higher education in Australia
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• ·         You can get enrolled in Medicare, which is Australia’s state –run health care scheme for health related care and expenses
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• ·         If eligible you can apply for Australian citizenship
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• ·         You can sponsor eligible relatives for permanent residence
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• For five years from the date the visa was granted you can travel in and out of Australia innumerable times. After five years you will need a resident return visa or another visa to return to Australia.

Studying in Australia: The new visa subclass

Australia, the world’s only country which by itself it counted as one of the seven continents. Being an island and remaining totally isolated from other continents has helped Australia to develop its own unique bio diverse ecology. But it is famous not only for its unique beauty and bio diversity but also the attractive educational and post educational opportunities it provides. Seven of the top 100 universities are from and based in Australia. This fact alone is sufficient to rouse your interest in migrating to Australia for higher studies. Hundreds of thousands of students migrate to Australia every year for availing the variety of courses offered by top Australian universities famous all over the world. Migrating to a whole different country for higher education is easier said than done. There are various rules and regulations to be followed for getting a student visa for studying in Australia. Fortunately, visa laws for student immigration in Australia, is not that complex. Also there are many immigration consultants in Sydney to facilitate your dream for higher studies in Australia. Let’s get a brief overview of the new and updated student visa laws in effect from April 2016.

Student visa (subclass 500)

Eligibility

·         Been accepted to study full-time in a registered course at an educational institution in Australia

·         Organized appropriate welfare arrangements for the duration of your intended stay in Australia if you are under 18 years of age.

Student guardian visa (subclass 590)

It’s for someone to accompany the student to provide care and support when:

·         If  the student visa holder is below 18 years of age

·       The student visa holder is above 18 years of age but needs care and support  due to exceptional circumstances.

Training visa (subclass 407)

This visa allows you, on a temporary basis, to take part in various workplace based training or professional development training program in Australia

Temporary Graduate visa (subclass 385)

This visa allows you to temporarily work in Australia after your graduation, or completing your studies.

As mentioned earlier the visa laws for student immigration in Australia, is not that complex and has criteria that not too hard to fulfill. The presence of numerous immigration consultants based on Sydney will help to achieve your goal of higher studies in Australia.