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buying a business

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Hi All

 

We've heard that if you buy a business in australia this is another way of obtaining a visa if you are struggling to get the required points. My wife is currently taking a qualification that may lead to her being able to teach beauty but that will slow us down by a couple of years before we can even start the process.

If she got qualified & we then bought a business out there, would that enable us to apply that way? We have family out there who can help us find the perfect business but need to know if this is another way in?

 

Thanks

M&C

 

:smile:


Applied Sept 2009 but held up by visa priority changes. Had 2 babies and then found job sponsor Nov 2011. Visa Granted Jan 2012. Arrived April 2012 & Loving It.

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Guest jewels1356

yes that can be a way in

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Guest Colin R

Hi there,

Buying a business in Australia to get a visa is not as easy as it sounds. We came on a business visa. Prior to getting this I had to have had a business in the UK for 3 years or been in Senior Management . My business had to have had a turnover of over I recall of 350,000 pounds per year. All accounts were seen and a structure of the business photgraphs etc. There was loads of paperwork it seemed.

On buying a business in Australia we had a sponsored state visa and we have had to buy a business which gives us a turnover of $200,000 per year for 2 years .Without state sponsorship it is $300,000 per annum. You have to invest a minimum of $75,000 in the business.

Have assets of $250,000 or employ 1 Australian. Thoughout all of this you do not have PR and always at the back of your mind there is the thought that maybe things will go wrong and we will be refused a visa. Fortunately we have achieved this and will be putting the forms in the 1st week of October.

We would not have gone throught the process without using a registered migration agent.In fact Charles lives in Tassie so that made things a little easier.

Sally

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Here is a summary of the various business visas passed on to me!

If you need more info on buying a businesses or looking for one that is available then PM me!

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Business Visas

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STATE / TERRITORY SPONSORED BUSINESS OWNER (PROVISIONAL) CATEGORY - sub class 163

Who can apply: Business people intending to establish a business in Australia.

What it entitles you to: A 4-year work visa.

Terms & Conditions: Applicants, aged less than 55, must be able to demonstrate that they have at least four years' successful business experience in a senior management role; that their current business has had a turnover of at least $300,000 in 2 of the previous 4 years; that their business and personal assets have a net value of at least $250,000 and that they have adequate assets to finance the new venture and to support themselves whilst the business is being established; they must also demonstrate that they have carefully researched the market and must submit a detailed business plan. They must obtain sponsorship from the appropriate regional authority of a State or Territory government.

Further Information: The proposal must be shown to offer benefit to Australia. Once the business has been successfully established, a permanent visa may be applied for

 

BUSINESS OWNER (PROVISIONAL) CATEGORY - sub class 160

Who can apply: Business people intending to establish a business in Australia.

What it entitles you to: A 4-year work visa.

Terms & Conditions: Applicants, aged less than 45, must be able to demonstrate that they have at least four years' successful business experience in a senior management role; that their current business has had a turnover of at least $500,000 in 2 of the previous 4 years; that their business and personal assets have a net value of at least $500,000 and that they have adequate assets to finance the new venture and to support themselves whilst the business is being established; they must also demonstrate that they have carefully researched the market and must submit a detailed business plan. They must notify the appropriate regional authority of a State or Territory government, but do not need to obtain sponsorship.

Further Information: The proposal must be shown to offer benefit to Australia. Once the business has been successfully established, a permanent visa may be applied for.

 

STATE / TERRITORY SPONSORED INVESTOR (PROVISIONAL) CATEGORY - sub class 165

Who can apply: Business people willing to invest $750,000 in Australia

What it entitles you to:. A 4-year provisional visa

Terms & Conditions: Applicants, aged less than 55, must be able to demonstrate that, they have at least three years' experience of direct involvement in managing one or more businesses or investments that their assets have a net value of at least $1,125,000 and that they can demonstrate a high level of management skill in relation to investment or business activity. They must obtain sponsorship from the appropriate regional authority of a State or Territory government.

Further Information: The proposal must show that they intend to maintain a business or an investment in Australia after the designated investment has matured. At this point, a permanent visa may be applied for.

 

INVESTOR (PROVISIONAL) CATEGORY - sub class 162

Who can apply: Business people willing to invest $1,500,000 in Australia

What it entitles you to:. A 4-year provisional visa

Terms & Conditions: Applicants, aged less than 45, must be able to demonstrate that, they have at least three years' experience of direct involvement in managing one or more businesses or investments that their assets have a net value of at least $2,250,000 and that they can demonstrate a high level of management skill in relation to investment or business activity. They must notify the appropriate regional authority of a State or Territory government, but do not need to obtain sponsorship.

Further Information: The proposal must show that they intend to maintain a business or an investment in Australia after the designated investment has matured. At this point, a permanent visa may be applied for.

 

STATE / TERRITORY SPONSORED SENIOR EXECUTIVE (PROVISIONAL) CATEGORY - sub class 164

Who can apply: Senior Executives intending to establish a business in Australia

What it entitles you to:. A 4-year work visa

Terms & Conditions: Applicants, aged less than 55, must be able to demonstrate that, for at least two of the last four years, they have occupied a position in the 3 highest levels of the management structure of a major business; that their assets have a net value of at least $250,000 and that they have adequate assets to finance the new venture and to support themselves whilst the business is being established; they must also demonstrate that they have carefully researched the market and must submit a detailed business plan. They must obtain sponsorship from the appropriate regional authority of a State or Territory government.

Further Information: The proposal must be shown to offer benefit to Australia. Once the business has been successfully established, a permanent visa may be applied for

 

SENIOR EXECUTIVE (PROVISIONAL) CATEGORY - sub class 161

Who can apply: Senior Executives intending to establish a business in Australia

What it entitles you to:. A 4-year provisional visa

Terms & Conditions: Applicants, aged less than 45, must be able to demonstrate that, for at least two of the last four years, they have occupied a position in the 3 highest levels of the management structure of a major business; that their assets have a net value of at least $500,000 and that they have adequate assets to finance the new venture and to support themselves whilst the business is being established; they must also demonstrate that they have carefully researched the market and must submit a detailed business plan. They must notify the appropriate regional authority of a State or Territory government, but do not need to obtain sponsorship.

Further Information: The proposal must be shown to offer benefit to Australia. Once the business has been successfully established, a permanent visa may be applied for

 

BUSINESS TALENT VISA (Permanent) - sub class 132

Who can apply: Substantially wealthy business people who intend a significant business activity and who need to be resident to execute the business plan.

What it entitles you to:. A permanent residence visa

Terms & Conditions: Applicants, aged less than 55, must be able to demonstrate:

- minimum net business equity in the home country business of $400,000,

- annual turnover in the home country business of $3 million (2 of last 4 years),

- minimum net personal assets of $1.5 million, able to be transferred to Australia

A proposal for State sponsorship must first be made, which will include substantial research - much of it conducted by the applicant, with total investment (applicant funds plus commercial loans) at well over one million dollars, expectation of many new jobs to be created, supported by a thorough business plan with conditional agreements between suppliers or partners etc. - in effect, this will read as an “all set business, just waiting to go”.

Further Information: Once sponsorship has been obtained, the proposal will then have to be approved by DIMA.

 

 

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Guest Colin R

We have just had our approval for PR having had a business for 2 years . We came over on the Subclass 163.

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Guest Colin R

We came over to Tasmania July 06 and have settled in Kingston 11 kms from Hobart. Love the place. Bought the shop or at least put a deposit on the shop the previous November. It is a Florist called the Kingston Florist!! anyway I had no experience in Floristry but have and do enjoy the shop . I used to have a Aged Care Home in the Uk so it is really different for me .

Sally

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