international buyers

Boyd Ryan supports the Australian Government’s Business Skills Program which encourages successful business people from around the world to settle in Australia and use their dynamic, enterprising, and proven skills and abilities to develop business activity in Australia.

Business migrants contribute significantly to Australia’s increasing global economy. They bring knowledge of overseas markets, business networks, cultural practices and languages other than English, as well as their specific business skills and experience. Business migrants benefit Australia by:

  • developing international markets
  • transferring capital and making investments
  • creating or maintaining employment
  • exporting Australian goods and services
  • introducing new or improved technology
  • substituting Australian-made products for goods that would otherwise be imported
  • adding to commercial activity and competitiveness within sectors of the Australian economy.

 

One of the main goals of the program is to assist prospective migrants in the process of buying an existing business in Australia. Buying an existing business with the assistance of Boyd Ryan who knows your desired migration area and the history and potential of a range of established businesses for sale in this area could fast track your requirements for business investment. Boyd Ryan is able to offer the following assistance to business migrants:

  • Pre-screening businesses for you. Boyd Ryan turn down many of the businesses they are asked to sell – this can be because the seller won’t provide full financial disclosure or because the business owner is seeking a sale price well above market or a myriad of other reasons. Buying a business through Boyd Ryan will help you avoid these risks.
  • Helping you pinpoint your interest. Boyd Ryan will start by finding out about your skills and interests, and then help you select the right business for you. With the help of Boyd Ryan, you may discover that an industry you had never considered is the ideal one for you.
  • Negotiating. The negotiating process is really when Boyd Ryan earn their commission. Boyd Ryan are experts in assisting both parties stay focused on the ultimate goal and smooth over any problems that may arise during the sale or contract phase.
  • Assisting with paperwork. Boyd Ryan knows the latest legal and regulatory requirements that can affect everything from licenses and permits to financing and business contracts. They also know the most efficient ways to cut through red tape, which can slash months off the purchase process. Working with Boyd Ryan reduces the risk that you’ll overlook some crucial form, fee or step in the sale or contract process.

 

There are many good reasons why buying an existing business could be a good business decision for a Business Skills migrant. Remember though, when buying an existing business you will be taking on the legacy of the previous business owner, and you need to be aware of every aspect of the business you’re about to buy.

Some of the advantages of buying an existing pre-qualified business are:

  • Much of the groundwork to get the business up and running will have been done.
  • It may be easier to obtain finance as the business will have a proven track record.
  • A market for the product or service will have already been demonstrated.
  • There may be established customers, a reliable income, a reputation to capitalise and build on and a useful network of contacts.
  • A business plan and marketing method should already be in place.
  • Existing employees should have experience you can draw on.
  • Many of the problems will have been discovered and solved already.

 

For more information on Skilled Business Migration, see the Australian Department of Immigration & Citizenship Factsheet.

Note: The preceeding information is provided as general information only. Readers considering migration to Australia should consult a Registered Migration Agent for professional advice before taking any action.

 

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