Start Business in Australia
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Start Business in Australia
- Planning to start business in Australia?
- Wants to migrate to Australia?
- Having a successful business background?
- Ready to invest in Australia for the development of Australian Economy?
Then Business Visa for Australia is the best option for you.
You can start business in Australia as a foreign citizen but before going to start a business or invest into an existing business in Australia, certain questions are there which might comes into your mind.
- an appropriate business structure;
- where your business premises will be located in Australia;
- how you can protect your business’ intellectual property; and
- how you can obtain the necessary licences.
You should seek legal advice to help you with the legal and regulatory steps involved in the process. For example, you may need assistance choosing a company structure, securing a purchase or lease when looking for premises or obtaining local development approval.
You should also be aware of your legal obligations regarding:
- how much tax you need to pay;
- whether you want to employ workers;
- how you will ensure the health and safety of your workers;
- how you will meet the reporting and disclosure requirements set by the Australian Securities and Investment Commission (ASIC);
- maintain the privacy of your employees and confidential business information; and
- comply with consumer law.
In an increasingly globalised world, it has become easier to start a business in another country. For example, the Australian government actively encourages foreign citizens to start business in Australia and contribute to the country’s economy. If you are considering starting a business in Australia, you should know which visas you need, as well as the legal and requirements you are expected to meet.
What Kind of Visas Are Available?
The Australian government is committed to diversifying business expertise and encouraging entrepreneurial talent. Therefore, the Business Innovation and Investment Program aims to provide visas to eligible foreign citizens who want to start a business in Australia. These visas are:
Business Talent (Permanent) Visa
This visa allows you to establish a new or develop an existing business in Australia.
Business Owner
This visa is for people who own and manage a business in Australia.
Investor Visa
This visa is for people who undertake business and investment activities in Australia.
Business Innovation & Investment (Provisional) Visa
This visa allows you to own & manage a business in Australia, conduct business & investment activity.
Business Innovation & Investment (Permanent) Visa
For entrepreneurs, investors and business owners to continue their activity in Australia.
State or Territory Sponsored Business Owner Visa
This visa allows you to own & manage a business in Australia, conduct business & investment activity.
State or Territory Sponsored Investor Visa
This is a permanent resident visa for subclass State or Territory Sponsored Investor visa holders
There are also specific visas for foreign citizens who want to set up businesses in regional, rural or low-growth areas of Australia. These visas operate in tandem with various state and territory-based economic initiatives.
Explore Visa Options
If you are not sure about which visa you need
Australia’s laws ensure safety for businesses
Both creditors and debtors in Australia have ample recourse to the law for assistance.Creditors have a variety of legal remedies available to force the payment of money owed to them.
Debtors are protected by insolvency law from being driven to desperation by business failure or unemployment. And the comprehensive social welfare system guarantees that everyone is safe from economic hardship.Public policy and social welfare: Benefiting both employers and employees
Australia at both federal and state level has over the past century has implemented a wide range of social welfare policies which are of great benefit both to investors and workers. Employers need not provide many benefits which are part of the employment package elsewhere:
- Universal free education till matriculation,
- universal public medical insurance,
- the minimum wage,
- workers’ compensation,
- occupational health and safety regulations,
- occupiers’ liability and superannuation (mandatory pension funds for the retirement years which can, in fact, be withdrawn in a lump sum by those who emigrate to another country).
They are also a considerable benefit to employers in Australia as compared with countries where it is companies which must provide these benefits for their workers – a particular cost of doing business in the USA.
A high quality of public security, excellent law enforcement and an incorruptible and efficient judicial system mean that employers are spared the cost of private security arrangements.
Government investment
State and federal governments in Australia pour enormous amounts of money into infrastructure: roads, highways, trains, bridges, ferries, hospitals, schools, universities, dams and reservoirs and power supply.
There are several important results for residents of Australia. Notably,
- Healthcare is excellent and universal; tap-water is clean and drinkable; electricity and gas supply is uninterrupted.
- In lean economic times the ready resort to additional investment in infrastructure takes up any shortfall in private sector jobs.