Migration Tasmania

for business and skilled migrants

Tasmania has amazing premium food and produce that greatly contributes to the success of my restaurant and food trailer business.

Markus Schultz

Subclass 132 - Business Talent

Overview

Business Talent subclass 132 is a permanent resident visa for successful business owners who want to establish a new or develop an existing business in Tasmania, or for people who have obtained funding from an Australian venture capital firm to be used in a Tasmanian project.

The Tasmanian Government actively supports the establishment and relocation of businesses to the state. It recognises the significant contribution business and skilled migrants make to Tasmania’s economic growth and cultural diversity.

Tasmania has a diverse economy with a reputation for world-class food and beverage production and a booming and award winning tourism industry among a number of key key industries.

Aquaculture and Agriculture
Minerals and mining industry
Forestry and timber
Antarctic and marine science
Information and communications technology
Creative industry

There are two streams:

Significant Business History – business owners having at least AUD$1.5 million transferable assets, who want to undertake business activity which will demonstrate a significant economic benefit to Tasmania.

Venture Capital Entrepreneurs – people who have obtained at least AUD$1 million in funding from an Australian venture capital firm to commercialise a product or develop a high-value idea in Australia.

Eligibility

Business Talent subclass 132 visas is a permanent resident visa for successful business owners who want to establish a new or develop an existing business in Tasmania, or for people who have obtained funding from an Australian Venture Capital firm to be used in a Tasmanian project.

The Significant Business History and Venture Capital Entrepreneur streams both require Tasmanian Government nomination.

The Significant Business History stream is for high-calibre business owners who want to do business in Australia.

Applicants must fulfill all Department of Home Affairs requirements. Some key eligibility criteria are:

  • an annual business turnover of at least AUD$3 million in your existing business
  • more than 10% ownership of a publicly listed company or more than 30% ownership of a business with more than $400 000 turnover or 51% ownership of a business less than $400 000 turnover
  • transferable assets of more than AUD$1.5 million
  • age under 55 (unless approved by the Tasmanian Government if your proposed business will be of exceptional benefit to Tasmania).

Venture Capital Entrepreneur stream is for people who have sourced at least AUD$1 million venture capital funding from a member of the Australian Venture Capital Association Limited (AVCAL).

Applicants must have:

  • at least AUD$1 million in funding from an Australian venture capital firm to be used in a Tasmanian project.

Nomination Criteria

Business Talent subclass 132 is a permanent resident visa for successful business owners who want to establish a new or develop an existing business in Tasmania, or for people who have obtained funding from an Australian venture capital firm to be used in a Tasmanian project.

Two subclasses of the 132 visa require state government nomination. These are the Significant Business History stream and the Venture Capital Entrepreneur stream.

The Tasmanian Department of State Growth is responsible for issuing nominations for this visa.

To apply for this visa, applicants must meet all visa requirements set by the Department of Home Affairs (Home Affairs).

Applicants are invited to meet with the Business and Skilled Migration Unit in Tasmania to discuss your business proposal or any questions about living and settling in Tasmania. To book an appointment, please contact us using this online contact form.

Progress Report: The Tasmanian Government tracks investment progress and relevant outcomes of the program. You are required to respond to all questionnaires


Significant Business History Stream

  • Must be able to meet the Department of Home Affairs visa requirements
  • Must genuinely intend to live in Tasmania permanently and continue to contribute to Tasmania
  • Must have visited Tasmania
  • Must be a high-calibre business owner or part-owner, with a history of successful business management activity
  • Have skills and background that will make an ongoing positive contribution to the state
  • Must have entered into an agreement with an actively operating Tasmanian business to invest at least $2 million into an Tasmanian business or investment opportunity; or
  • Propose an investment of at least $2 million into a new or existing business that will have significant economic benefits for Tasmania.
    This may involve substantial add on benefits in the following areas:
  • Must demonstrate how the applicant will undertake senior level day-to-day and strategic management of the business.
  • Have sufficient personal funds, to settle in Tasmania

Property development requirements

  • A minimum AUD 2 million investment leading to creation of at least 4 properties for general sale or tourism, low income or student accommodation.
  • Property development must add to stock of housing available for purchase to general public, or to low income / student accommodation
  • Sale of developed property must be at arms-length (not to a known or related individual/business)

For details of supporting evidence, information and documents required with your application, refer to the “Document Checklist” section.


Venture Capital Entrepreneur Stream

  • Must be able to meet the Department of Home Affairs visa requirements
  • Must genuinely intend to live in Tasmania permanently and continue to contribute to Tasmania
  • Must have visited Tasmania
  • Must hold the rights to an innovative idea, product or technology that requires additional funding in order to advance its commercial potential.
  • Must have entered into an agreement with a venture capital firm to obtain at least $1 million in funding
  • Must have a realistic commitment to maintain a substantial ownership interest in the business and maintain direct and continuous involvement in that business.
  • Must demonstrate benefit to the Tasmanian economy and the entrepreneurial skill that the applicant will bring to Tasmania.
  • Must have a realistic commitment to maintain a substantial ownership interest in the business and maintain direct and continuous involvement in that business.
  • Must have sufficient funds to settle in Tasmania

For details of supporting evidence, information and documents required with your application, refer to the “Document Checklist” section.


Age waivers

Please contact the Business and Skilled Migration Unit before applying if seeking “age waiver”

Apply

  1. Ensure you meet Department of Home Affairs requirements.
  2. Submit a business proposal to invest at least A$1.5 million in establishing a new business in Tasmania or in developing an existing business in Tasmania.
  3. Request a meeting with the Business and Skilled Migration Unit in Tasmania –  (please request a meeting at least two weeks before the proposed meeting date). This is a free consultation for you to discuss your business proposal and state nomination process.
  4. Apply online

With your application please provide evidence to show that you meet the Department of Home Affairs visa requirements.

It is recommended that applicants obtain independent and professional legal, financial and, when necessary, migration advice before investing or undertaking any business activity. Applicants are encouraged to engage a registered migration lawyer/agent to assist in the application process.

Common questions

Do I need to use a migration agent when applying for state nomination?

It is an individual choice whether to use a migration agent. If you are confident with the process, clear on how to fill in the necessary forms and have the correct documentation for your application, you may choose to do it yourself. It also depends on what program you are applying under and how complicated the process is.

Often businesses migrants choose to use agents because they are more confident employing a professional who understands migration law and has experience in completing the paperwork.

To find a registered migration agent, go to www.mia.org.au or www.mara.gov.au

How much does it cost to apply for state nomination for a business skills visa?

The Tasmanian Government does not charge people to apply to be nominated for business migration.

Document checklist

Please provide the following supporting information with your application

Significant Business History Stream

  • Business proposal showing
    • proposed business and / or investment activities
    • location
    • details of any finance
    • amount of anticipated investment
    • Evidence of in depth business research and a realistic business concept.
    • Third party evidence of communication, meetings and/or negotiations with prospective vendors, suppliers and/or buyers.
    • Explaining benefits to Tasmania of proposed business activity (significant benefits if not co-investing in project with established Tasmanian business
  • Evidence of previous exploratory visit(s) to Tasmania
  • Financial statements for the two years prior to application.
  • Resume/Curriculum Vitae of the applicant; and summary of successful business career.
  • Evidence of current overseas business activity and ownership share e.g. recent financial statements, business registration.
  • A current Department of Immigration and Border Protection form 1139A - Statement of Assets and Liabilities Position (or similar document).
  • A copy of a passport bio page for main applicant and dependents.
  • If you are using a migration agent: completed and signed Department of Home Affairs form 956 Advice by a migration agent/exempt person of providing immigration assistance’

If proposing property development:

  • Identification and location of the development
  • Indication of project cost
  • Details of financing (own/debt/other financing)
  • Current Certificate(s) of Title for the subject land
  • Copies of any planning or development approvals
  • Expected commencement and completion dates
  • Explanation of the client's managerial role within the project

Venture Capital Entrepreneur Stream

  • Evidence of a funding agreement with a Venture Capital member of the industry body The Australian Private Equity and Venture Capital Association Limited (AVCAL).
  • Copy of business proposal provided to AVCAL member
  • Statement detailing how the proposed business activity will be of economic benefit to Tasmania
  • Personal CV
  • Evidence of rights to an innovative idea, product or technology (e.g. statement of history of developing the idea, patents, intellectual property, trademarks or other supporting documentation).
  • Evidence of previous exploratory visit(s) to Tasmania
  • A current Department of Home Affairs form 1139A - Statement of Assets and Liabilities Position (or similar document).
  • A copy of a passport bio page for main applicant and dependents.
  • If you are using a migration agent: completed and signed Department of Home Affairs form 956 Advice by a migration agent/exempt person of providing immigration assistance’