Can a Non-resident Buy a Business in Australia?

John Kafrouni

15 Sep 2011

•

min read

Can a non-resident purchase and operate a business in Australia?

A non-resident of Australia can purchase a business (excluding real property ie. land/buildings) in Australia provided it is valued at less that $231 million (as at 1 January 2011). However, to then reside in Australia and work in the business will require a relevant visa. Further, a non-resident seeking to undertake a business in a corporate structure is unable to do so without appointing a director who is an Australian resident. For non-residents seeking to purchase a business in Australia, it is highly recommended and you speak to a migration agent.

You can find a migration agent by visiting the Migration Agents Registration Authority at MARA.

For general information on business visas, you should visit the Department of Immigration website at IMMI.

For general information about purchasing businesses and/or property in Australia visit the website of the Foreign Investment Review Board at FIRB

Joe Kafrouni, Legal Practitioner Director, Kafrouni Lawyers

Disclaimer

The information provided by Kafrouni Lawyers is intended to provide general information and is not legal advice or a substitute for it. Business people should always consult their own legal advisors to discuss their particular circumstances. Kafrouni Lawyers makes no warranties or representations regarding the information and exclude any liability which may arise as a result of the use of this information. This information is the copyright of Kafrouni Lawyers.

Liability limited by a scheme approved under professional standards legislation.

What People Say

Joe Kafrouni helped me in my acrimonious shareholders dispute, resulting in Supreme Court litigation. During my case, which took years to resolve, I appreciated Joe’s great concern for my well being and that of my family. I felt he was attentive, direct and provided me with sound advice. In the end, Joe skilfully negotiated a settlement that exceeded my expectations and I am grateful.

Thank you, Joe. It was a pleasure working with you to resolve the matter today. In particular, I appreciated your patience to fully understand each party’s position and to bed down a final heads of agreement to conclude the resolution between the parties.

Joe Kafrouni has been our company’s lawyer from the beginning and has been instrumental in our journey as company owners and directors. When dealing with both complex and sensitive company issues, Joe is able to provide us with clearly articulated strategies that are well thought‐out and with the bigger picture in mind. He genuinely cares and is always willing to share his personal views, which are both honest and just. Joe is highly professional and knowledgeable in his field. You will definitely benefit having him on your team.

Joe, I appreciate it was a very long day yesterday but we got there in the end. I thought you did a great job and I enjoyed watching your approach and the way you conducted the mediation.

Joe, as you know we were in a very difficult position with our company before we engaged you as our lawyer and fortunately, even with the odds stacked heavily against us in our shareholders dispute, you managed to pull us through to victory. You are a true credit to the industry not only because of your skilled negotiating tactics but also due to your personable nature, which made us feel comfortable in such a volatile situation.

The biggest lesson I have learnt from you recently, Joe, is that it pays to have a professional such as yourself on my side to deal with matters that I am unequipped to handle … so I can carry on with the task at hand of building my business! Thanks again, I’ll take pleasure in recommending your services to anyone in need.

A big thank you for your time today, Joe. Thankfully we managed to strike a deal although it took a little while to do. Thanks for your patience and perseverance.

Contact

Let’s talk.

‍

I take on a limited number of matters so I can give each my full attention with the time I have.

‍

To keep things simple and fair, I offer an initial paid consultation that you can book here. It’s a chance for us to speak directly about your needs — no obligations, no pressure.

‍

If you're ready to move forward, you can choose a time that suits you and pay the initial consultation fee securely when you book.

‍

This approach helps me focus on clients who are serious about getting the right advice and ensures I can give you the time and care the matter deserves.

‍

I allow up to 1.5 hours for the consultation. Afterward, you’ll receive a short summary of what we discussed and any recommended next steps.

‍

This approach helps me work closely with clients who are serious about getting the right advice — and ensures I can give them the attention they’re paying for.

Table of contents

What People Say

Contact