Running a business brings great opportunities for growth. This applies directly when wanting to run a business overseas in Australia. There are avenues that can be taken when moving to this beautiful country to operate a business legally. These involve finding the right visa statuses and following the correct processes for setting up the business, if it is not already in place.
Australian Visa Requirements
The type of visa required will differ depending on circumstances. If the business is in the beginning stages, a working permit will be needed. These permits allow for the business owner to start the venture and prove that it will be able to make money for the Australian government. There are certain guidelines that the business will need to adhere to when running under these and other similar visas.
If the business is set up before moving, a Business Owner visa is available. This non-sponsored, provisional permit is granted for those who can meet certain requirements. These necessities include:
• A successful business
• Net Assets, within two to four years before the request, of at least AUD $200,000
• Annual Turnover, within two to four years before the request, of at least AUD $500,000
• Being able to transfer assets within two years of visa being granted
• Being able to prove all assets
• Being under the age of 45 at the time of the request
• Being able to speak English at occupational level
Setting up the Business
While a visa is being obtained, it is possible to start working on the business with preliminary steps. Researching the desired area, looking at the expected budget, and raising capital are all tasks that can be completed during this process.
Once the initial steps in planning are done, they need to be brought into action. This can be done with the help of a migration consultant, whom can help get the company get through all the legal processes. This can be a time saver and allow for the venture to be set up properly, ensuring a good starting point for the business.
When the introductory steps in arranging are carried out, they have to be carried vigorously. This might be finished with the assistance of a relocation advisor, whom can help get the organization traverse all the lawful techniques. This might be a period saver and consider the dare to be set up fittingly, guaranteeing a great beginning stage for the business.
Australia provides plentiful opportunities for business owners. While the first steps involve obtaining a visa, the major part is setting up the business. This can be done with aid from many services. While setting the business up, a migration consultant can lead the business owner through the system in properly filing the business, making for a successful start.
Author Bio: Diyana Lobo is an avid writer who likes to write blogs on Business. She has written many articles on start-up business. In this article she is providing the readers some valuable information on Business Start-Up in Australia for Foreigners.