132b visas australia

Permanent Residency on arrival

Australian permanent residency & Citizenship through the Business, Innovation & Investment Programme is an excellent way to secure Permanent Residency on arrival.

Priority approvals

Until July 2021 The Australian Federal Government are treating these visas as a priority. You can now secure your Permanent Residency in just a few months.

This option will close to new applicants from July 2021. There is still time to secure PR on arrival, however, it is advisable to act quickly to avoid disappointment.

The purpose of the visa

Designed to stimulate the Australian economy by enabling, exciting and often innovative businesses with access to Venture Capital investment to thrive within Australia. Thereby stimulating the local economy and providing employment opportunities.

The requirements in brief:

  • Holding significant shares in a compliant business
  • An approved Australian Venture Capital Fund must commit to investing 
  • Your previous skills and expertise must be aligned to the business
  • The annual permitted quota of visas is allocated on a first-come-first-serve basis.

The visa provides permanent residency immediately on arrival in Australia. Unlike other business and investment visas, this option does not have a probationary period prior to Permanent Residency being granted. therefore, providing a more secure method of emigrating to Australia.

The benefits of the visa

  • No inheritance tax
  • AAA Rated Economy
  • Permanent Residency on arrival
  • No restrictions on purchasing property
  • Dual Citizenship permitted
  • Access to free education
  • Access to Medicare
  • PR for your partner and children (Under 23 yrs)

Unlike other visas, this route does not have a points test or other complex qualifying criteria. 

  • No upper age limit
  • No Investors Points Test
  • No English Test
  • No previous business ownership required
  • No probationary period
  • No limiting conditions post-arrival

Who applies for this visa?

Everyone who wants to emigrate to Australia and is prepared to make a positive contribution to the Australian economy may apply. As long as you’re eligible and able to meet the qualifying criteria, this remains an excellent way to secure permanent residency on arrival for you and your family.

Qualifying Businesses

Australia expects those approved Venture Capital firms to support only those businesses that have met their strict investment criteria. 

Australia recognises any qualifying business capable of securing the necessary investment, has the potential to bring benefits to the economy and to the local market. 

Timeframes

You could be living in Australia in just a few months if we file your case onshore. Alternately, you may decide to wait until your Permanent Residency is approved before you emigrate permanently.

Point to note

Australian emigration law continually adapts to evolving economic forecasts and visa streams may change or be withdrawn without notice. Demand for Permanent Residency each year often outstrips availability.  As Australia continues to set tight limitations on the amount of direct foreign investment and migrants they are willing to accept each year.

Next Steps

Complete our enquiry form to receive our free guide. If you wish to explore your options further, one of our consultants will be happy to discuss your options further.

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