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Guest ozmadman

buying a Business/Franchise

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Guest ozmadman

Hi

Can anyone tell anything about buying a business /franchise as a means of getting in OZ. Are there age requirements/restrictions, do you have to have a proven record in the business you want to buy etc.etc etc +plus anything useful you may know about

 

cheers all

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This info may be out dated. Please verify.

 

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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.

 

Enjoy. I do have a few businesses available for a private deal.

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