Buying a business in australia...

[kikicatfood]

Does anyone know that if you buy a business in Australia, does it entitle you to emigrate and live there?

[Postdog]

There'll be other factors to consider for living there I would imagine.

[dzug2]

I suspect it depends on the value of the business - I think you need quite a large investment to qualify.

[squarebear]

I wouldn't have thought so, otherwise people who couldn't get in, would buy a corner shop just to get a foot in the door.

[Alagopus]

I wouldn't think so - although it might bump up your points.

http://www.immi.gov.au/skilled/business/
http://australia.gov.au/topics/immigration

[LCDMAN]

When I last looked at this (some 6 years ago) there was a minimum investment level (of about AU$500,000, I seem to remember) and you had to employ a minimum number of naturalised Australians (I think it was 4).

[LCDMAN]

From;

http://www.immi.gov.a...ty-business-owner.htm

Business assets

You (and your partner combined) had net assets in a qualifying business of AUD200 000 for at least two of the four fiscal years immediately before you apply.
Business turnover and ownership

The annual turnover of your main business (or two main businesses combined) must have been at least AUD500 000 in at least two of the four fiscal years immediately before you apply.

In addition, you (and your partner combined) must have owned at least:

* 51 per cent of the business where the turnover is less than AUD400 000 per annum.
* 30 per cent of the business where the turnover is AUD400 000 or more per annum.
* 10 per cent where the business is a publicly listed company.

Total assets

Your (and your partner's) total assets have a net value of at least AUD800 000, and were legally acquired and are capable of being transferred to Australia within two years of being granted this visa.

You have sufficient assets (additional to those above) of at least AUD100 000 to settle in Australia.