[{"data":1,"prerenderedAt":272},["ShallowReactive",2],{"blog-2026-06-03-132-significant-business-history-stream-eligibility-guide":3},{"id":4,"title":5,"author":6,"body":7,"coverImage":245,"dataMonth":246,"description":247,"extension":248,"faqs":249,"meta":258,"navigation":259,"path":260,"publishedAt":261,"seo":262,"stem":263,"summary":264,"tags":265,"__hash__":271},"blog\u002Fblog\u002F2026-06-03-132-significant-business-history-stream-eligibility-guide.md","Significant Business History stream (Subclass 132): 2026 guide","Migrant Hub",{"type":8,"value":9,"toc":224},"minimark",[10,30,35,38,41,45,50,53,57,60,95,99,102,106,109,148,156,160,163,166,169,172,176,180,183,187,190,194,197,201,207,211,214,218],[11,12,13,14,19,20,24,25,29],"p",{},"The Subclass 132 Significant Business History stream is a permanent visa designed for high-calibre business owners and senior executives who want to own and manage a business in Australia. Unlike the points-tested skilled visas — ",[15,16,18],"a",{"href":17},"\u002Fvisas\u002F189-skilled-independent","Skilled Independent (Subclass 189)",", ",[15,21,23],{"href":22},"\u002Fvisas\u002F190-skilled-nominated","Skilled Nominated (Subclass 190)",", and ",[15,26,28],{"href":27},"\u002Fvisas\u002F491-skilled-regional","Skilled Regional (Subclass 491)"," — the 132 does not flow through SkillSelect invitation rounds. It is a state and territory nominated pathway with its own eligibility thresholds built around business turnover, ownership stake, and personal net assets.",[31,32,34],"h2",{"id":33},"who-this-visa-is-for","Who this visa is for",[11,36,37],{},"The Significant Business History stream targets business owners or senior executives who have spent several years running or directing a substantial business overseas (or in Australia on a temporary visa). The expectation is that you will establish or participate in the management of a new or existing business in the nominating state or territory within two years of the visa being granted.",[11,39,40],{},"This is not a visa for aspiring entrepreneurs or startup founders. It suits people with a track record: demonstrable turnover, a genuine ownership share, and significant personal net assets. If you are still building your first business or have been primarily an employee, you are unlikely to meet the threshold.",[31,42,44],{"id":43},"eligibility-business-history-assets-and-nomination","Eligibility — business history, assets, and nomination",[46,47,49],"h3",{"id":48},"state-or-territory-nomination","State or territory nomination",[11,51,52],{},"You must first be nominated by an Australian state or territory government. Each state runs its own business migration programme with its own financial thresholds, expression-of-interest process, and industry priorities. Some states cap their annual nominations, and competition for slots can be significant. Checking each state's current schedule is essential before lodging an expression of interest.",[46,54,56],{"id":55},"key-business-criteria","Key business criteria",[11,58,59],{},"The Department of Home Affairs sets the federal eligibility floor. At a high level, the criteria assess:",[61,62,63,71,77,83,89],"ul",{},[64,65,66,70],"li",{},[67,68,69],"strong",{},"Business ownership and turnover."," You must have had an ownership interest in a business with a qualifying annual turnover for a required number of years. The Department of Home Affairs page sets out the exact figures — see the official requirements rather than relying on a paraphrase.",[64,72,73,76],{},[67,74,75],{},"Personal and business assets."," A minimum net value of your personal and business assets (combined) must be met, verified over a prescribed assessment period.",[64,78,79,82],{},[67,80,81],{},"Age."," There is no upper age cap written into the points test for this stream, but the nomination criteria set by states can include age considerations.",[64,84,85,88],{},[67,86,87],{},"English."," Functional English (as defined by the Department) is required. This is a lower threshold than the competent or proficient English needed for many points-tested visas, but you should confirm the current standard with the Department or a migration agent.",[64,90,91,94],{},[67,92,93],{},"No skills assessment."," Unlike occupationally targeted visas, the 132 does not require an occupational skills assessment from an assessing authority. The assessment centres on your business history.",[46,96,98],{"id":97},"what-the-132-does-not-use","What the 132 does not use",[11,100,101],{},"The 132 stream has no points test in the SkillSelect sense. There is no Expression of Interest (EOI) lodged through SkillSelect and no points cutoff to clear. Nomination by the state or territory is the gateway, and the Department then assesses the federal criteria on the nominated application.",[31,103,105],{"id":104},"application-process-and-key-steps","Application process and key steps",[11,107,108],{},"The pathway broadly follows these stages:",[110,111,112,118,124,130,136,142],"ol",{},[64,113,114,117],{},[67,115,116],{},"Research state nominations."," Each state and territory publishes its own business migration criteria, financial thresholds, and target industries. Identify which state aligns with your business background and where you are willing to relocate and operate.",[64,119,120,123],{},[67,121,122],{},"Lodge an expression of interest with the state."," This is a separate state-level process, not SkillSelect. You will typically submit business and financial records, a business proposal, and evidence of net assets.",[64,125,126,129],{},[67,127,128],{},"Receive a state nomination invitation."," If the state selects you, you receive a formal nomination.",[64,131,132,135],{},[67,133,134],{},"Lodge the visa application."," Once nominated, you lodge the Subclass 132 application with the Department of Home Affairs and pay the visa application charge. You submit evidence of your business history, asset valuations, and English language ability.",[64,137,138,141],{},[67,139,140],{},"Respond to any requests for further information."," The Department may ask for additional documents during assessment.",[64,143,144,147],{},[67,145,146],{},"Visa granted."," The 132 is a permanent visa from the date of grant. There is no provisional stage or pathway visa required — you receive permanent residence directly.",[11,149,150,151,155],{},"You can track current invitation activity and see which states are actively nominating through the ",[15,152,154],{"href":153},"\u002Fdashboard\u002Finvitation-rounds","Migrant Hub dashboard",".",[31,157,159],{"id":158},"recent-processing-time-trends","Recent processing time trends",[11,161,162],{},"The Subclass 132 is a relatively low-volume visa compared to the mainstream skilled independent and nominated streams. Processing times can vary substantially depending on the completeness of documentation, the complexity of the business history presented, and case-officer workload at the time of lodgement.",[11,164,165],{},"Historically, applicants who submit well-organised, complete applications — with independently verified asset valuations and audited financial statements — tend to experience smoother processing. Applications that require the Department to request further information add months to the timeline.",[11,167,168],{},"The Department of Home Affairs publishes indicative processing times on its website, expressed as the time taken to finalise a percentage of decided applications. Because state nomination processes vary and add their own lead time before the federal application is lodged, the total elapsed time from first state EOI to visa grant is typically longer than the federal processing time alone suggests.",[11,170,171],{},"For live processing-time data and historical grant trends, the Migrant Hub dashboard tracks aggregated outcomes across business migration visas.",[31,173,175],{"id":174},"common-questions","Common questions",[46,177,179],{"id":178},"does-the-subclass-132-require-a-points-test","Does the Subclass 132 require a points test?",[11,181,182],{},"No. The Significant Business History stream does not use the SkillSelect points test applied to subclasses 189, 190, and 491. Eligibility turns on your business ownership history, asset levels, and state or territory nomination — not a points score.",[46,184,186],{"id":185},"can-i-apply-for-the-subclass-132-without-a-state-nomination","Can I apply for the Subclass 132 without a state nomination?",[11,188,189],{},"No. State or territory nomination is a mandatory criterion for the 132. You cannot lodge a federal visa application until a state or territory government has formally nominated you under its business migration programme.",[46,191,193],{"id":192},"do-i-need-a-skills-assessment-for-the-subclass-132","Do I need a skills assessment for the Subclass 132?",[11,195,196],{},"No occupational skills assessment is required. The visa assesses your business track record — ownership stake, business turnover, and personal net assets — rather than a nominated occupation against an ANZSCO (Australian and New Zealand Standard Classification of Occupations) code.",[46,198,200],{"id":199},"is-the-subclass-132-a-permanent-or-temporary-visa","Is the Subclass 132 a permanent or temporary visa?",[11,202,203,204,206],{},"The 132 is granted as a permanent visa from the outset. There is no provisional period and no requirement to convert to a second visa — unlike, for example, the ",[15,205,28],{"href":27},", which requires three years of regional living and working before you can apply for permanent residence.",[46,208,210],{"id":209},"what-happens-after-i-receive-the-subclass-132","What happens after I receive the Subclass 132?",[11,212,213],{},"You are required to establish or participate in the management of a business in Australia within two years of the visa being granted, in the state or territory that nominated you. Conditions on the visa reflect this obligation, and the Department may check compliance. Consider speaking to a MARA-registered agent for your specific circumstances, particularly regarding the business conditions attached to the grant.",[31,215,217],{"id":216},"where-to-go-next","Where to go next",[11,219,220,221,155],{},"For live nomination activity, current processing-time data, and historical grant trends across business migration visas, visit the ",[15,222,223],{"href":153},"Migrant Hub invitation rounds dashboard",{"title":225,"searchDepth":226,"depth":226,"links":227},"",2,[228,229,235,236,237,244],{"id":33,"depth":226,"text":34},{"id":43,"depth":226,"text":44,"children":230},[231,233,234],{"id":48,"depth":232,"text":49},3,{"id":55,"depth":232,"text":56},{"id":97,"depth":232,"text":98},{"id":104,"depth":226,"text":105},{"id":158,"depth":226,"text":159},{"id":174,"depth":226,"text":175,"children":238},[239,240,241,242,243],{"id":178,"depth":232,"text":179},{"id":185,"depth":232,"text":186},{"id":192,"depth":232,"text":193},{"id":199,"depth":232,"text":200},{"id":209,"depth":232,"text":210},{"id":216,"depth":226,"text":217},"\u002Fblog\u002Fcovers\u002F132-significant-business-history-stream-eligibility-guide.svg",null,"The Subclass 132 Significant Business History stream is a permanent visa designed for high-calibre business owners and senior executives who want to own and manage a business in Australia. Unlike the points-tested skilled visas — Skilled Independent (Subclass 189), Skilled Nominated (Subclass 190), and Skilled Regional (Subclass 491) — the 132 does not flow through SkillSelect invitation rounds. It is a state and territory nominated pathway with its own eligibility thresholds built around business turnover, ownership stake, and personal net assets.","md",[250,251,252,254,256],{"question":179,"answer":182},{"question":186,"answer":189},{"question":193,"answer":253},"No occupational skills assessment is required. The visa assesses your business track record — ownership stake, business turnover, and personal net assets — rather than a nominated occupation against an ANZSCO code.",{"question":200,"answer":255},"The 132 is granted as a permanent visa from the outset. There is no provisional period and no requirement to convert to a second visa — unlike the Subclass 491, which requires three years of regional living before you can apply for permanent residence.",{"question":210,"answer":257},"You are required to establish or participate in the management of a business in Australia within two years of the visa being granted, in the nominating state or territory. Consider speaking to a MARA-registered agent for your specific circumstances regarding the business conditions attached to the grant.",{},true,"\u002Fblog\u002F2026-06-03-132-significant-business-history-stream-eligibility-guide","2026-06-03",{"title":5,"description":247},"blog\u002F2026-06-03-132-significant-business-history-stream-eligibility-guide","The Subclass 132 Significant Business History stream offers a direct permanent visa for established business owners. Here's who qualifies and how to apply.",[266,267,268,269,270],"skilled-migration","points-test","skills-assessment","explainer","process","FNO8Ei3bQfICbT1MP4K60LTb0TwqiFtmhjuLfqWwexk",1781186191569]