R0dney Posted July 9, 2020 Report Share Posted July 9, 2020 I've heared about a new Visa that has a pathway to Australian residency through the purchase of a business for as little as $100000. Can any body coment on this as I have a photography business for sale in the Gold Coast Quote Link to comment Share on other sites More sharing options...
Nev Posted July 9, 2020 Report Share Posted July 9, 2020 Hi R0dney, As per this link: https://immi.homeaffairs.gov.au/visas/getting-a-visa/visa-listing/business-owner-890#Eligibility It looks like the business needs to own more than 100k in assets (So not just be sold for more than that) And needs to be making 300k in turnover or more a year Employs 2 full time AU peeps The person buying it will need to have owned it for more than 2 years before they can apply for a Visa Quote Link to comment Share on other sites More sharing options...
TeeTMI Posted July 10, 2020 Report Share Posted July 10, 2020 16 hours ago, R0dney said: I've heared about a new Visa that has a pathway to Australian residency through the purchase of a business for as little as $100000. Can any body coment on this as I have a photography business for sale in the Gold Coast Hi Rodney There is a Business owner visa (890) available to people already holding an eligible visa (NB: these are generally some of the previous business/investor visa subclasses). There are a range of Business and Investor visa options including. Business Innovation and Investment (provisional) visa (subclass 188) Business Talent (Permanent) visa (subclass 132) These visas consider a variety of criteria including your recent business turnover as well as business and personal assets. Quote Link to comment Share on other sites More sharing options...
R0dney Posted July 12, 2020 Author Report Share Posted July 12, 2020 Thanks Appreciate the time you have taken to answer. Quote Link to comment Share on other sites More sharing options...
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