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.

DIBP 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 DIBP 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 Immigration and Border Protection (DIBP).

For the Significant Business History stream, you are invited to meet with the Business and Skilled Migration Unit in Tasmania to discuss your business proposal. To book an appointment, please contact us using this online contact form.

For the Venture Capital Entrepreneur stream, you must submit evidence of having received at least A$1 million in funding from an AVCAL registered Australian venture capital firm for your business proposal which will bring significant economic benefits to Tasmania.

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

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.