Business Talent Visa 132 and Investor Visa 891 are the options available if you want to move to Australia for business purposes. Knowing the difference between these two visas and the benefits they offer is essential to deciding which one best suits your needs. Here is everything you need to know about Australia Business Talent Visa 132 and Investor Visa 891, including their differences and the benefits of each.
About Business Talent Visa 132
The Business Talent Visa is a permanent residency visa for Australia that allows individuals with business skills and experience to establish, manage or develop a new or existing business in Australia. This type of visa is designed to attract experienced business people who can contribute significantly to the Australian economy and create jobs.
Applicants must be nominated by an Australian state or territory government agency and pass health and character checks. This visa does not require applicants to hold any minimum amount of capital investment, so it is ideal for those looking to establish a new business or invest in an existing one. The Business Talent Visa 132 is valid for four years, after which holders may apply for permanent residence in Australia.
About Investor Visa 891
The Investor Visa 891 is a permanent residency visa for investors and entrepreneurs who wish to invest in Australia. This visa allows you to permanently live and work in Australia as long as you make and maintain an eligible investment. It also allows you to travel freely between Australia and your home country.
To be eligible for the Investor Visa 891, you must have held an eligible business or investment for at least four years before applying for the visa.
What is the difference between a Business Talent Visa 132 and an Investor Visa 891?
The Business Talent Visa 132 and the Investor Visa 891 are two Australian business visas designed to help non-citizens significantly contribute to Australia’s economy. While both visas require applicants to be financially sound and have the ability to make a substantial investment in Australia, there are key differences between them.
- The Business Talent Visa 132 is designed for entrepreneurs and business owners with a successful record of business ownership, allowing them to establish a new or existing business in Australia. The visa requires applicants to have assets of at least AUD 1.5 million and net business and personal assets of at least AUD 800,000. The business owner must also have an entrepreneurial background and demonstrate their ability to develop a business plan and secure investment for their venture.
- The Investor Visa 891 is designed for investors who want to invest in the Australian economy. This visa requires applicants to have assets of at least AUD 2.25 million and invest at least AUD 1.5 million in an Australian state or territory government security for at least 4 years. Additionally, applicants must demonstrate their financial background, have a history of sound investments, and meet certain language requirements.
As such, while both visas offer non-citizens the opportunity to contribute to the Australian economy, they do so in different ways. The Business Talent Visa 132 is designed for entrepreneurs, while the Investor Visa Subclass 891 is designed for investors.