Visa 132B is a permanent visa that allows the applicant to establish a new business or develop an existing business in Australia. The applicant receives venture capital funding from a company that is a member of the Australian Venture Capital Association AVCAL (Venture Capital Entrepreneur stream – Visa 132B).

BENEFITS

• Working is studying in Australia.
• Join Medicare and health care plans in Australia.
• 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

• Be nominated by a state or territory in Australia.
• Received an invitation to apply for a visa.
• The Applicant and all of the Applicant’s family members must meet the health and criminal record requirements.
• Applicants must have received a minimum of AUD 1 million from an Australian venture capital fund company that must be a member of AVCAL.
• Have a formal contract with a venture capital fund company.

OBLIGATIONS OF APPLICANT AND FAMILY

• Comply with all visa conditions and laws in Australia.
• Comply with business conditions.
• The applicant must enter Australia on 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. Notify if you have changed your place of residence (whether inside or outside of Australia) on form 929 within 28 days of moving to a new place.
• After entering Australia, the Applicant must meet the requirements of the venture fund agreement.
• Maintain equity and engage in business and investment activities in Australia.