Buying a B&B

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Buying a B&B


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Old 03-19-2009, 11:54 AM
 
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Buying a B&B

We have always wanted to "live" in Australia, and hope this dream is coming a little closer.
By buying a B&B / small hotel , will I be able to obtain a business visa :
I am 46 Y old - my wife is 45
Have the cash to take over a business (or lease) to aprox 500,000
We are belgian nationals
I have extensive work experience in the hotel industry - for +20 years

Any comments , advise will be greatly appreciated.

Thanks


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Old 03-20-2009, 02:30 AM
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There are visas for establishing a business or taking over an existing business.
You ought to start by having a good read here, including all links and references - Visa Options - Business - Visas & Immigration

I haven't checked at all to see what basic eligibility requirements are but that would be my first step - the eligibility section, and it's a two step approach from provisional to permanent.

If you do find you can meet requirements, there's also the practical considerations of getting something for around $500,000, perhaps some country areas with depressed pricing but then that could also be because of limited clientele/income.

One thing that usually goes by the wayside with a depressed economy is the spending on luxuries which may include the weekends away in a B&B or a country hotel and so something that needs to be taken into account re what immi will look at to move from provisional to PR.





Last edited by Wanderer; 04-01-2009 at 06:24 AM.

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Old 03-24-2009, 12:52 PM
 
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Thank You Wanderer ...
Another question I do have in regards to the Police Certificates:
Due to my job, we have lived in just over 10 countries for the past 20 years ... does that mean I will need to get from each country where we lived (over 1 year) a police certificate, or is this at the discretion of the Emigration Officer ?
Any of you have experience on this matter ?
many thanks


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Old 03-24-2009, 11:46 PM
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With things like supportive documentation it's a case of either you provide it correct or get a reject [lose application fee too] - I think the requirement is countries that you have lived in for more than 12 months in last ten years isn't it?, and there's a link I remember that gives addresses for different countries.





Last edited by Wanderer; 04-01-2009 at 06:23 AM.

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Old 03-25-2009, 02:54 AM
 
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Police clearance checks are a common requirement for many countries, not just Australia. Embassies should be used to dealing with these requests, so even though it will take a little while to, it shouldn't be a major hassle in the larger scheme of things.

Since you already have hotel experience, I don't think you will find too many differences with how things work in Australia. Realestate prices are high though. There might also be foreign investment implications, as I believe foreigners buying property in Australia need government approval.


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Old 04-01-2009, 06:22 AM
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On Foreign Investment there is FIRB: Foreign Investment Review Board - Home and not sure on how that works with someone having a temporary visa on probation but have a look at requirements and it may not apply at all for you would not be the first person who has come in on a business visa, purchasing a business/property as part of the plan.





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Old 05-01-2010, 06:14 AM
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Itís nice. Good luck for your business and congratulation that your dreams come true.


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Old 05-20-2010, 07:26 AM
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According to me you can be able to obtain a business visa.


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Old 08-20-2010, 08:12 AM
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You can easily get the business visa you must have combined annual turnover of at least AUD300,000. you have experience just follow the Australia rule you can get the visa.


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Old 09-11-2010, 12:31 PM
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You might find it difficult to find a viable hotel wih enough accommodation in your price range (rather than a pub which is more about the alcahol sales), but you should be able to find a good B&B in that range depending on location.


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