“The market is good when the local people are in it and believe in it and support it. That’s what I want.”
– Harry Triguboff, Australian real estate billionaire
Net worth (as of 2020): 11.1 Billion USD
Triguboff, son of a builder was born in Dalian, Liaoning, Republic of China and spent his early childhood in Tianjin. He moved to Australia to study at the Scots College in Sydney. He then moved to England and graduated with a degree in textiles from the University of Leeds.
In the year 1960, Triguboff returned to Australia and became an Australian citizen a year after. From running a taxi fleet and owning milk round in Chatswood, he turns to selling real estate which doors towards his billion USD net worth.
Apart from commending Triguboff’s mind in talent in managing his real estate business, you should also look at the market opportunity in Australia, making it an ideal place to start a business.
Australia is among the countries with the richest middle class who are enthusiastic about trying new things. If you’re planning to start a business and are eager to give in uniqueness touch on product/service, then your business is likely to bloom.
The people in Australia are adaptive to modern technologies. You can start a business online, an eCommerce marketplace if you don’t intend to invest in commercial property.
Knowledgeable and skilled workforce
Having one of the highest literacy rates, it will not be difficult to find the right people to employ who has the relevant skills and knowledge in your business. Overseas skilled workers can also be employed through the general skilled migration or temporary work visa.
Business Migration to Australia
If you want to establish a new or expand an existing business in Australia, you need to know the immigration options and identify which route to take. You need to know what are the requirements before you apply. Are you planning to include your overseas skilled worker?
There are two primary categories of visas for you to apply yourself or overseas workers:
Business Talent (Migrant) Visa
A permanent visa granted to people with a history of successfully owning a business or people who have venture capital funding in Australia.
Business Innovation and Investment (Residence) visa (subclass 888)
A permanent visa which may be granted if the Applicant can demonstrate he has an established and operative business in Australia or maintained investment in bonds.
Significant Investor Visa (subclass 188)
This visa may be granted to investors who are willing to invest $5 million in Australia.
Business visitor visa
This visa allows people to visit Australia for short term business purposes or to scout the market for business-related opportunities.
Business Innovation and Investment (Provisional) visa (subclass 188)
A visa which is valid for four years and it is available to business owners and investors.
Australia marketplace has a lot to offer. Play your cards right and you’ll likely to end up like Harry Triguboff. Stop thinking about possibilities and start working for it!
If you have plans to start a business in Australia, it is crucial to consult an experienced migration agency to discuss the best strategy to secure the right visa for you. Please contact Think Visa for a customised migration plan!