VISA 132A

Visa 132A is a permanent resident visa for those who are high-caliber business owners or business co-owners with a successful business history (Significant Business History stream) establishing a new business or developing an existing business to do and grow business in Australia.

BENEFITS

  • Work and study in Australia.
  • Join Medicare and health care programs in Australia.
  • Own Australian citizenship (if eligible).
  • Relative guarantee.
  • Return to Vietnam at any time.
  • Travel rights: 5 years (in and out of Australia within 5 years from the date the visa is issued, more than 5 years, the applicant needs to apply for a Resident Return Visa RRV or another type of re-entry visa to re-enter Australia).

REQUIREMENTS

  • Under 55 years old.
  • Equity in companies has reached a minimum of AUD 400,000 in 2 of the 4 most recent financial years and if the business is publicly listed, the stake is at least 10%.
  • Total legal business and personal assets reach 1.5 million AUD and can be transferred to Australia within 2 years after the visa is granted.
  • The total annual turnover of the business must have been at least AUD 3 million for at least 2 of the last 4 years immediately prior to receiving the invitation to apply for a visa.
  • Minimum ownership:

+ 51% if revenue < 400,000 AUD/year.

+ 30% if revenue > 400,000 AUD/year.

+ 10% if the company has publicly listed.

DUTY

  • Comply with all visa conditions and laws in Australia.
  • Comply with business requirements.
  • If the Applicant is not in Australia at the time the visa is granted, the Applicant must enter Australia at the date specified by the Australian Department of Immigration.
  • Family members of the Applicant are not allowed to be married or have a de facto relationship before they enter Australia.
  • You must notify the Australian Department of Immigration of your permanent address within 6 months of your arrival in Australia. Applicants must notify if they have changed their place of residence (whether inside or outside Australia) on Form 929 within 28 days of moving to a new place of residence.
  • After entering Australia, the Applicant must establish an eligible business or engage in an existing business in Australia.
  • Maintain substantial equity.
  • Maintain direct and ongoing management.
  • The decision concerns the overall direction and performance of the company in favor of the Australian economy.

After engaging in business activity in Australia, the Applicant will be required to complete Form 1010 – Business Possibility Survey.