A Singaporean In Australia

Hi Nix,

Found n read your very informative blog last few days. Very good contents indeed.

I read about many skilled migrants stories and advises in the net, likewise in your blog. Apply for PR, moved to Australia and then get a job.

However, i could hardly find business visa migrants stories and advise from the net.

Many businesses in OZ are for sales, one of them is restaurants. takeover prices can be range from 30k to 1m. In fact 100k to 200k canable to takeover a pretty well equipped restaurant in many cities in OZ. 30 to 50k can even buy over a takeover counter.

I would like to check with you if you have any knowledge if a foreigner buy over a restaurant and become the new owner of the restaurant or company, is he able to obtain a business visa or sponsor himself by using his company in order to reside and run the restaurant in OZ?

To be honest, it might not sound so simple. Spend 50k to buy over a take away counter and can be able to run biz and stay in OZ!  Maybe a proper setup restaurant that employed at least two local Australian might be possible.

See if you could able to help me and advise on my doubts?

Best regards,

Martin

Hi Martin,

Business migration is split into two main categories. [singtalk] 1. no so wu lui business wannabes 2. throw money at Oz govt type [/singtalk] The subcategories are namely:

Not-so-wu-lui (have to go through the Points System)

"I would like to check with you if you have any knowledge if a foreigner buy over a restaurant and become the new owner of the restaurant or company, is he able to obtain a business visa or sponsor himself by using his company in order to reside and run the restaurant in OZ?"

Factor	Description	Points
Age	18–24 years	20
	25–32 years	30
	33–39 years	25
	40–44 years	20
	45–54 years	15
	55 and older	0
English language ability	Vocational English	5
	Proficient English	10
Qualifications	Australian trade certificate, diploma or bachelor degree by an Australian education institute; or a bachelor qualification recognised by an education institution of a recognised standard	5
	Bachelor degree in business, science or technology by an Australian institution; or a bachelor qualification by an education institution of a recognised standard	10
Special endorsement	The nominating state or territory government agency could decide that your proposed business is of unique and important benefit to the state or territory where the nominating government agency is located	10
Financial assets	Net business and personal assets of you, your partner or you and your partner combined in each of the preceding two years of at least:
	AUD800 000	5
	AUD1.3 million	15
	AUD1.8 million	25
	AUD2.25 million	35
Business turnover	Annual turnover in your main business during a period of at least two years of the preceding four fiscal years of at least:
	AUD500 000	5
	AUD1 million	15
	AUD1.5 million	25
	AUD2 million	35
Business Innovation stream only Business experience	You have held one or more businesses before you were invited to apply for the visa for:
	Not less than four years within the preceding five years	10
	Not less than seven years within the preceding eight years	15
Investor stream only Investor experience	Eligible investment of at least AUD100 000 held for:
	At least four years before the time of invitation to apply for the visa	10
	At least seven years before the time of invitation to apply for the visa	15
Business innovation qualifications At the time of invitation to apply for the visa:	Evidence of registered patents or registered designs	15
	Evidence of registered trademarks	10
	Evidence of formal joint venture agreements	5
	Evidence of export trade	15
	Evidence of ownership interest in a gazelle business	10
	Evidence of receipt of grants or venture capital funding	10
State or territory nomination	Special endorsement (limited places)	10

So take for example,

If you are 32 years old (30) who is proficient in English (10), have a recognised business degree (10) with 5 years of business experience in Singapore (10) and are able to obtain special endorsement from by proposing an amazing business plan (10) like AIMS, you will have chalked up a nice 70 points, well qualified for your visa. 

Another example,

You are 40 years old (20) who is proficient in English (10), have a recognised diploma (5), have a net worth of AUD1.3 million (15) combined with your spouse and have at least AUD100,000 of eligible investment for 7 years (15), you will  have 65 points.

You can do a mix-and-match and see how else you can chalk up 65 points.

I hope this answers your question.

For more information read up on here

https://www.border.gov.au/Trav/Visa-1/188-