Currently sponsored, want to start a local business

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Currently sponsored, want to start a local business


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Old 02-25-2011, 02:26 AM
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Currently sponsored, want to start a local business

Hi there,

I am European and currently working in Sydney on a temporary long stay business visa (subclass 457).

I would like to resign from my current job to start up my business with an Australian friend. But leaving my current employer would void my sponsorship visa.

I have identified three options:

1) Apply for permanent residency but it seems like it will be tough for me to get enough points to be eligible (I havenít studied in AU, I donít have relatives living in AU, I work in the marketing industry which is not on the priority list, etcÖ)

2) Apply for a business owner visa. But for that I need to invest $$$ in Australia. I am not planning to do so as I work in the knowledge industry and all I need is a laptop and my brain to setup my business. I donít have savings back in Europe to invest here anyway.

3) Third option I thought of is to have my business partner set up the business under his name and then sponsor me. But I am not sure if this is legal, nor if he will be able to sponsor me considering the tiny initial company size.

Do any of you know if I would be eligible for any of the above options (and what are the details/steps around that)?
Is there another option I havenít thought of?

My business plan, if successful, will enable me to employ locals and obviously contribute to local taxes.

Any help would be helpful! Let me know if you need additional information.

Cheers


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Old 02-25-2011, 11:44 AM
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I think you've done pretty well in analysing the options you have considered and yes, there are eligibility requirements for an employer and for a position to be approved as you would know.

There's the old saying of walk before you run and in your case it may be that you'll be better off to walk a bit with your current sponsorship and see about the employer eventually sponsoring you for PR rather than run into strife.

There's also nothing to stop you working outside of your sponsored employment and no doubt there is probably a lot you could do to develop your business interests while still sponsored and that may mean a smoother transition for you once you have PR and have fulfilled some commitment to your sponsor.





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Old 02-26-2011, 12:39 AM
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Quote:
Originally Posted by Wanderer View Post
I think you've done pretty well in analysing the options you have considered and yes, there are eligibility requirements for an employer and for a position to be approved as you would know.

There's the old saying of walk before you run and in your case it may be that you'll be better off to walk a bit with your current sponsorship and see about the employer eventually sponsoring you for PR rather than run into strife.

There's also nothing to stop you working outside of your sponsored employment and no doubt there is probably a lot you could do to develop your business interests while still sponsored and that may mean a smoother transition for you once you have PR and have fulfilled some commitment to your sponsor.
Thanks Wanderer for your reply.

I've actually been sponsored for three years now and this project is something I have been thinking about and preparing for some time now. I have walked for a while and I believe it's my time to run! I have a lead I am ready to close but need to transition from my sponsorship to my new visa before making any move. Waiting for my employer to sponsor me for PR would mean waiting another year or two, at least.

Is there any way to receive a business owner visa without the initial investment of $200-$300k? If yes, what would be the steps for this?


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Old 02-26-2011, 11:57 AM
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If you have been sponsored for three years now and at least 12 months with your current employer, you're well past the two year requirement for PR sponsorship.
The Business visa eligibility conditions are as specified.





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Old 02-27-2011, 11:41 PM
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Originally Posted by Wanderer View Post
If you have been sponsored for three years now and at least 12 months with your current employer, you're well past the two year requirement for PR sponsorship.
The Business visa eligibility conditions are as specified.
Is this the Employer Nomination Scheme (Subclass 121/856) you are talking about?
That's a good point, thanks.

Do you know how long it would take to get PR approval via this option?


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Old 02-28-2011, 12:18 AM
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Yes, the ENS and with everything in order with employer, position and your own eligibility it ought to be within six months and perhaps even half of that.





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