Business Migration Visas – Buying a Business in Australia

Australia has long been an attractive destination for overseas business owners and investors looking to establish themselves, purchase an existing business or explore new business opportunities.

However, Australian business migration laws have changed considerably in recent years, and the visa options available today are quite different from those previously offered.

Can You Buy a Business and Migrate to Australia?

Purchasing an established Australian business can be an attractive opportunity for overseas buyers. However, buying a business does not automatically entitle someone to live or work in Australia or obtain permanent residency.

The Australian Government closed its former Business Innovation and Investment Program to new applications on 31 July 2024.

While some existing visa holders may still qualify for permanent residency under the previous arrangements, new applicants must investigate other available immigration pathways.

What Visa Options Are Available?

Depending on individual circumstances, potential migration pathways may include skilled migration, employer-sponsored visas or Australia’s National Innovation Visa.

The National Innovation Visa (subclass 858) is designed for exceptionally talented individuals, including qualifying entrepreneurs and innovative investors who can make a significant contribution to Australia. This is an invitation-only visa with strict eligibility requirements.

Other migration options may be available depending on an applicant’s qualifications, occupation, experience and personal circumstances.

Buying a Business on the Sunshine Coast

At Verified Businesses, we regularly assist business buyers interested in purchasing established businesses throughout the Sunshine Coast, Brisbane and South East Queensland.

For overseas buyers, we strongly recommend obtaining professional immigration advice before entering into any agreement to purchase a business.

A suitably qualified Australian immigration lawyer or registered migration agent can explain the current visa options and assess individual eligibility.

For current information, visit the Australian Department of Home Affairs.

Disclaimer: Verified Businesses is a business brokerage and does not provide immigration or legal advice. This information is general in nature and should not be relied upon when making immigration or business purchase decisions. Independent advice should be obtained from a qualified Australian immigration lawyer or registered migration agent.