132 Business Talent visa

Visa eligibility

Age

You must be under the age of 55.

Sufficient funds to settle in Victoria

Applicants and their dependents must have sufficient funds to settle in Victoria. Applicants are required to declare that they have sufficient funds for settlement in their Victorian visa nomination application. It is the responsibility of the applicant to research and determine the cost of living in Victoria to ensure their own financial resources are adequate for settlement. See further information on the cost of living in Victoria.

Living in Victoria

You must have a genuine commitment to establish a residence and reside in the State of Victoria permanently.

Significant Business History

You must have attained a high degree of commercial success in one or more fields of endeavour and demonstrate how you will use your entrepreneurial skills to develop and grow a Victorian-based business.

Business in Victoria

You 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 particular industry sector involved

• the geographic location of the business.

Not all business activity is eligible for nomination. Exclusions include:

• passive investment

• general importing

• exporting of commodities and scrap metal

• small scale freight forwarding and warehousing

• smaller project-based property development.

Property development

If your proposed business activity relates to property development, you must meet the following additional requirements:

• have relevant qualifications and experience (e.g. architecture, engineering, construction management). Extensive relevant experience may substitute a qualification - this will be considered on a case by case basis

• the property development activity aligns with one of  Victoria’s priority sector strategies external link

• the minimum A$2 million capital investment does not include land purchase costs, and

• the activity must not be small scale, project-based property development.

Business management

You must demonstrate how you will undertake senior level day-to-day and overall strategic management of the business.

Capital investment

Your net capital investment into the Victorian-based business will be at least A$2 million.

Business proposal

You must provide a business proposal, supporting research and framework that demonstrates that:

• you have reviewed and evaluated your proposed business activity thoroughly

• the proposed business activity is high quality, from a high-calibre person.  

The business proposal is to be detailed within the application form. It should include as much information as possible including:

• relevant market research

• market entry strategy

• competitor analysis

• strengths, weaknesses, opportunities and threats (SWOT) analysis

• projected cost analysis

• location research

• evidence of a joint-venture partnership (if relevant)

• evidence of any communication with potential suppliers

• distribution channel information

• marketing plan

• feasibility study

• the role of the applicant in the business.

It is expected that you have visited Victoria and undertaken detailed market research, and consulted with relevant government agencies where appropriate.