What are the procedures for buyers after starting a business in Australia?

In recent years, more and more entrepreneurs have applied to immigrate to Australia. After emigrating to Australia, entrepreneurs need to do business in Australia for at least two years. For the average person, it is much easier to buy a ready-made business than to start a business from scratch, which also makes most entrepreneurs start looking for business after landing in Australia.

Choose a lawyer to guard the business.

Australia is a country ruled by law, and lawyers are indispensable for many things. When you decide which company to buy, you must hire a professional lawyer during the transaction. You can sign a contract, transfer the lease, and there are some precautions. Although the lawyer's fee is not low, the money is well spent and can avoid many risks for you.

Visa sales contract

Of course, the most important step in buying business is the sales contract. You must read every detail clearly. If your English is not good, you can ask a professional to translate for you. In short, don't be afraid of trouble. Before signing the contract, you should confirm everything.

Generally speaking, the format of contracts is generally standardized. For example, the clauses that do not allow the seller to engage in similar business activities nearby are all included in the format contract. Among them, the most noteworthy are the price, the list of fixed assets and the settlement date. Finally, be sure to confirm with the lawyer whether the purchase contract is valid.

Sign a sublease contract

Leasing is a department that many people ignore, but it is actually very important. Many leases are three times three, which means three years and nine years. For example, the seller just renewed the lease with the landlord for nine years last year, and you can have another eight years after you take over.

Since the previous lease was signed by the landlord and the seller, there is no need to sign it when buying the store. You just need to change the name of the seller to that of the buyer. This process is to transfer the lease to the name of the person who buys the enterprise by signing the lease transfer letter.

Signing a lease contract also requires a lawyer to be present to check for you. In addition, in addition to this sublease contract, please pay attention to get all the original lease contracts, which will be used when selling business in the future.

Apply for a permit

If you buy a business, you need to apply for a license for this business, which is also commonly known as the license. For example, the liquor business can never be opened without a liquor license.

After completing these procedures, you can start business and formally take the first step in commercial operation. As long as you wait for 2 years and your business meets the requirements of the Immigration Bureau, you can apply for a permanent residence visa in Australia!