Why Starting a Business in Australia is a Great Idea?by Sohel Ather Affiliate Marketer
Considering 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 476 times.