Opportunities for small businesses in Australia
For the Australian Government does not care what kind of business will be to develop a businessman or investor. If he invests the money in the economy of Australia and therefore he employs Australians. Australia was pleased all serious business people, regardless of what country they come.
Business immigration to Australia: the requirements, the amount of
Here is a list of the four most popular types of business visas:
1. "Business Owner"
2. "Head" - "Senior Executive"
3. "Investor" - "Investment Linked"
4. "The owner of a business based in Australia" - "Established Business in Australia"
Australia - a country where much of the land, but very few people. And because of this deficit, the government pursues an open immigration policy.
So, you have chosen a visa, "business owner based in Australia" - the most relevant. Then your problem is solved at the regional level - with the state authorities. You prove that you have a capital of 250 thousand dollars and that you are willing to invest in its development of its economy. In addition, you must have by this time not less than two years in business, and provide the authorities of any State of Australia finished business plan, which will indicate the presence of three vacancies to provide employment to local residents.
If you show the availability of capital of 500 thousand dollars, to write a business plan is not required.
Annual turnover must be at least 100 thousand Australian dollars ($ 67,000) if to export a product or service, and no less than 200 thousand Australian dollars ($ 134 thousand), if the target business only in Australia.
For all categories of immigrants must pass a test on English proficiency.
After two years, usually without all the wires get a residence permit. No specialty or age does not play a decisive role in the visa business migrants.
Terms of business taxation in Australia
In the framework of taxation distinguish residents and nonresidents.
Residents pay taxes on income earned worldwide. Non-residents - pay taxes only on income received directly in Australia
Flat rate corporate income tax (for all) - 30%
Partnerships are not subject to taxation, and partners themselves paying taxes on their place of residence.
Value Added Tax in Australia - 10%.
The form of business registration in Australia
Open a company in Australia, you can only participate in the company of an Australian resident!
Virtually all activities in Australia are licensed!
Sole Trader (or entrepreneur) is not considered in Australia as a separate legal entity, and the entire income of the entrepreneur is included in his personal income.
A private entrepreneur has unlimited liability for all debts and liabilities of the business.
A private entrepreneur can conduct business as on his own behalf, and using brand name.
Tips on doing business in Australia
Buying a business - this is one way to get Australian citizenship.
In Australia, the business can be purchased as ready-made clothes in the store. And this practice is widespread.
To buy a business in this country do not necessarily have a residence permit or citizenship appropriate. Enough to have bizns visa. It gives the right to open a business in Australia and there to receive dividends.
The cost of single-entry visa (temporary business visa) - $ 33, multiple (long-stay temporary business entry visa) - $ 95.
On a single visa can stay in Australia no more than 3 months, repeated for 5 years can enter and leave it indefinitely. If the business is successful, a business owner extends business vizuPri buying a business need to attract expertise of independent experts (those not working in a company that you purchase). Typically, a team of lawyers and economists. It is desirable to seek the opinion of two or three such independent experts.
Own business in Australia
Dimensions of attachment may be between 10 and 000 dollars and above.
The question is whether they can build up gradually in Australia. The profit - depending on the project, but not less than 7% per annum .. It is always recommended to seek independent investment specialist.
To answer the question, as it takes to raise the average business, you need to know that Australia is meant by small, medium and large businesses.
Small businesses can have a turnover and a 5 - 10 million USD., Fixed assets not exceeding 5 million dollars., With the number of full-time employees 50 people.
Depending on the material intensity can run 2 - 20 people. In connection with this new technology can be a big volume with a few employees. The main difficulties that you want to avoid and the reasons of failures:
- Lack of knowledge of English.
- Lack of knowledge of Australian law.
These reasons appear as a separate form and in various combinations.
Start a business upon arrival in the country without the language and knowledge of local conditions is extremely dangerous and unwise.
The following are the results published by the immigration department of Australia
1995 -96 years. 76 percent are engaged in business after 24 months from the time of arrival. This percentage increases to 87% for 36 months in Australia.
Every new business employs an average of 4.5 people, after 24 months. stay and increased to 4.7 people for 36 months.
The average remittance: 626 thousand ATS. dollars. after 2 years. and 848 thousand in three years.
The average investment in the business - 173 thousand Australian dollars in two years and 352 thousand Australian dollars over three years.
Forms of business may be different from full personal ownership of the business to various forms of joint ownership. This means that you can open a new company or buy an existing operation. Be the sole owner or part owner of unlimited number of participants in the condominium.
Open the company very easily. The process of discovery is not so laborious. Payment can be made either directly to the State and the firm that you represent.
You can set up a company only with the participation of companies in the Australian resident.
When buying a business should be based on the advice of several independent experts (that is not working in the company you are buying). Typically, a team of lawyers and economists. It is desirable to view two or three independent experts.
The contract of sale and purchase or do business on your behalf shall be signed by lawyers with a mandatory check economist who is familiar with this activity.
The basic principle is important not to start a business, the main thing it does not lose.
International Business in Australia: Organizational and Legal Forms
International Business in Australia: Features, business immigration