Why Starting a Business in Australia is a Great Idea?
by Sohel Ather Affiliate MarketerConsidering
that Australia is an expensive country in terms of living, as a business owner
you should think twice before venturing into Australia moving from your home
country, your comfort zone. So, if you are thinking of moving to Australia and
start a business, the first thing that you would need is to prove that you have
enough funds and the ability.
It’s
important to remember that starting a business and investing in an existing
business are two different things altogether. If you are successful in your
venture, you would be granted the residence status after a timeframe of 4
years.
However,
before even you think of starting your business in Australia, you need to get
the ETA Visa to be authorized to enter the country. In this process, your Visa
is electronically linked to your passport, where you would not require help of
any Visa officer, nor do you require any stamp on the passport. The Visa is
solely for business and tourism purposes. All you need t do is to apply for the
Work Visa on
Australia-Eta.com and you are all
set to fly.
So,
now that you are clear with the travelling fundamentals, it’s time to know why
should you start a business in Australia?
1. Government Grants
and Loans to Encourage Business Expansion
Australian
Government perceives entrepreneurship as a valuable investment that can help
grow their economy and so, they have implemented many positive policies that
work in favour of new businessmen. The country stands out by extending the
grants to international citizens who wish to start a business in the country
provided they meet the conditions.
These
grants are one of the major reasons why many foreign citizens think of moving
their venture to Australia. You also seek assistance from private lenders. It
would be much easier for you to setup your business in Australia using the
government grants and the private lenders.
2. Booming Economy
Australia
is a growing economy and the market is not yet satiated, and that’s a great
news! This gives the expats a great opportunity to tap the Australian market
for their new venture. The country offers a lot of potential to both such
businesses that are in the early phase like the startups, and the ones that are
more established.
3. Well Established
Legal System
Australia
boasts of powerful laws that finds roots in the United Kingdom. This means that
the country has a strong and well rooted legal system that offers secure
measures to safeguard both individual rights and the businesses. The fact that
the country has some well-established laws for the businesses, makes it much
convenient for the business owners to safeguard their private assets for any
risks associated with business.
Considering
the values of the country, it can be safely said that their legal system is one
of the best in the world which is beneficial for the businesses as well.
4. Well Regulated
Financial Institutions
The
banks in Australia are well regulated in comparison to many other jurisdictions
across the world. The best part about their banking is that, you can access
them from anywhere in the world and even use them remotely. This world class
connectivity while ensuring security offers a great opportunity for the
business owners.
The
Australian lenders are bound to follow some strict regulations and have
approved licenses to be able to lend bank loans or for financing. These laws
are enforced to ensure complete security of the lenders from any fraudulent
lending parties offering loans at outraging interest rates to return.
5. English as the
Prime Language
English
is the highly spoken languages across the globe and the fact that the official
language of Australia is English, makes it extremely favourable for all expats
to start a business in the country. This helps the businesses to find employees
who can communicate to both the local and international clients with same
confidence.
While
there are many disadvantages also for expats to shift their business to
Australia, like the high cost of living, expensive business insurance, or
shortfall of skilled labour in certain industries, there are more advantages
that can negate the adverse factors. However, since you would be starting a new
venture in a new country altogether, it’s better to consider your financial
condition first followed y the type of industry, before you come to a decision.
And, if you are in a strong position to find success with your business in
Australia, simply apply for the work Visa on Australia-Eta.com and get
going!
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Created on Mar 8th 2018 03:54. Viewed 585 times.