Your company began the recruitment process for an important role in the business. The best candidate with the skills and experience you need to fill the role turns out to not be an Australian permanent resident or citizen. However, you need this role filled by the best candidate.
Sponsorship enables an Australian company (or overseas company in certain situations) greater flexibility to hire the best and most skilled and experienced candidate for the role.
However, what happens if your company is a start-up?
What happens if you have been operating for less than 12 months?
If your company has been operating in Australia for less than 12 months, it is considered to be a ‘newly established’ business under the Migration Regulations. Newly established businesses are still able to sponsor skilled overseas employees for Temporary Skill Shortage (TSS)(subclass 482) and Skilled Employer Sponsored Regional (Provisional) (subclass 494) visas as a ‘standard business sponsor.’
Here are three tips in being able to sponsor:
Tip 1:
Bank Statement
If you are running a newly established business it is important to show that you will be able to afford to pay the salaries of your employees and show that you have sufficient cashflow to continue to operate your business.
Since you will not have built up significant financial records, providing a bank statement for the company will assist you in showing that you meet the requirements to register as a standard business sponsor.
Tip 2:
Business Plan
Having a detailed business plan for a newly established business is an important part of showing the Australian Department of Home Affairs that the business.
Tip 3:
Support from your Accountant
It can be helpful to enlist the support of your accountant and provide a letter of support for the business when applying to become a standard business sponsor. Your accountant can provide information about the business and cash projections
Do you need assistance registering your business as a sponsor to give you more flexibility in your hiring solutions?
Please feel free to contact Hartman Immigration.
Disclaimer:
The information on this website is intended only to provide a summary and general overview on relevant matters. It is not intended to be comprehensive nor does it constitute legal advice. You are advised to seek legal or other professional advice before acting or relying on any of the content contained in this website.