Only workers who have been nominated by a business that has been approved as a Standard Business Sponsor (SBS) can apply for a nomination of the subclass 457 visa. Nonetheless, newly established businesses that have been trading for less than 12 months can also be approved as a SBS.
The business plans have to show that the business is legally established and there is a good prospect of the business in the industry. It serves not only as a plan for business operations but also to inform the case officer that the business will be able to sustain itself and the proposed nominee.
What are the requirements to be an approved SBS?
There is a properly established business structure - such as a company, trust, partnership or registered business name; and
The business must be in a sound financial position; and
The training activities of the business must meet the Department of Immigration benchmarks
Show that there is benefit to Australia either by creating or maintaining employment opportunities for Australians, expanding Australian trade and more
What information should be provided to increase SBS success?
Australian Business Number (ABN)
Australian Company Number (ACN)
Detailed business plan
Contract of sale relating to the purchase of the business
Lease agreement relating to business premises
Contracts to provide services
Evidence of employment of staff
Business Activity Statements (BAS)
Business bank statements covering the period of operation
Photos of marketing collaterals (business cards, brochures, websites, etc.)
Photos of office space and setup
and many others!
What does the completed Business Plan includes?
Background and Purpose – eg: Executive summary, Business Objectives, etc.
Market Analysis – eg: Overall Industry or Market, Competition, etc.
Product or Service Development – eg: Research and Development, Service process, etc.
Marketing – eg: Marketing Strategy, SWOT Analysis, etc.
Financial Data – eg: Cost Control Measures, Financial Projections, etc.
Organization Structure and Management – eg: Key Personnel, Key Future Personnel, etc.
Ownership – eg: Business Structure, Current Capitalization, etc.
Risk Factors – eg: Unforeseen Industry Trends, Unforeseen Risk Factors, etc.
Conclusion – Summary
What other related services do we provide for startup or self-sponsor 457 visas:
Company registration – ABN, ACN, PAYG, TFN, etc.
Marketing collaterals – Website, logo, business card, letterhead, etc
We also provide business plan writing for Business Investor and ENS visas. Our business plans can be certified by a CPA (Australia) for bank loan purposes too.