Overview of Australia’s Direct Permanent Residency Visa (Subclass 132)
The Australian Subclass 132 Visa is a unique investment migration visa that allows applicants to obtain permanent residency directly. This visa provides a fast and clear migration pathway for successful entrepreneurs and high-net-worth investors. Upon approval, the visa holder and their family members can immediately enjoy all the benefits of being permanent residents of Australia, including healthcare, education, and social welfare.
- Key Features and Requirements
- Visa Categories
- Application Process
- Program Advantages
- Direct Permanent Residency: The Subclass 132 Visa is the only Australian investment migration visa that grants direct permanent residency. Applicants are not required to go through a temporary visa phase; once approved, they can immediately enjoy all the rights and benefits of permanent residents.
- Business Operation and Review: Although the Subclass 132 Visa grants direct permanent residency, applicants are required to start and actively manage a business in Australia after arrival. Typically, after 2 to 3 years, the state government and the Department of Home Affairs will review the business to ensure it meets the initial commitments. If the business does not meet the specified requirements or the applicant has not made sufficient effort, the visa may be subject to cancellation.
The Subclass 132 Visa is divided into two main categories, targeting different types of entrepreneurs and investors:
- 132A Business Talent Stream:
- 132B Venture Capital Entrepreneur Stream:
This category is designed for applicants with a successful business background and exceptional business skills. Applicants must own a substantial business and be capable of establishing or purchasing a successful business in Australia.
This category is tailored for applicants who make a designated investment through an Australian government-approved venture capital fund. It is mainly aimed at high-net-worth individuals willing to invest in innovative or high-risk, high-reward projects.
- Eligibility Assessment and Preparation: Applicants first need to assess their eligibility and prepare the necessary application documents, including financial statements, business operation details, and other required information.
- Submission: The prepared application is submitted to the Australian Department of Home Affairs and the state government for review, which may involve interviews or additional documentation requests.
- Visa Approval and Arrival: Once the visa is approved, applicants and their family members receive permanent residency and can start a new life and business in Australia.
- Business Operation and Review: Applicants must actively manage their business in Australia and undergo a review by the state government and the Department of Home Affairs after 2 to 3 years to ensure compliance with visa conditions.
- Immediate Permanent Residency: No transitional phase is required; applicants receive permanent residency directly, along with all associated benefits.
- Flexible Business Options: Applicants can choose the most suitable visa category based on their circumstances, whether starting a new business, acquiring an existing one, or investing in venture capital.
- Family Benefits: Upon visa approval, the applicant's family members also receive permanent residency in Australia and enjoy corresponding benefits and services.