Doing business in Australia is one of the smartest decisions one can take if they want to succeed.  Operating a business in Australia and growing it into international markets, globalises your business with phenomenal financial rewards.

Australia is a young commonwealth country yet one of the most entreprenuerial and stable business communities in the world.  Doing business in Australia is conducted in a westernised economy made up of a large cultural mix of business leaders producing world class goods and services at the forefront among the world’s commercial markets and in almost all cases each organisation started from very small humble beginnings such as the one person working out the back of the bedroom or garage.

Business in Australia operates within a Federal Government consisting of 6 States, 2 Mainland Territories and 8 Capital cities functioning within a 3 level Federal System; Federal, State and Local.

When Australia obtained its independence from Great Britain, the Australian Constitution was adopted which formed the Federation and the Common Wealth of Australia.  Enjoying a history of stable government, the Federation formed, based itself on a similar parliamentary system to the British government with elements from Canada and the United States. 

While Australia is a friendly country and due to its population base of 21 million it is viewed by international standards as a small country, as easy going due to its relaxed and balanced lifestyle protrayed image.  A country not as sophisticated as the rest and due to Australia being so far removed from the larger northern hemisphere countries is not seen as being  very influential on the world stage unlike its western counter parts. However and to the surprise of many, conducting business in Australia is one of the most modern, technically advanced, highly secure yet excellent disciplined economies with a stringent regulatory standard among the world's best.

Engaging on a commercial basis, the landscape varies across a range of specialised trade and industries.  Whether what type of business is launched or company is formed, and how it is structured, the statutory requirements differ with each unique venture requiring compliance standards and regulations to ensure proper measures are inplace for public saftey and the increased opportunity of commercial success with particular emphasis on innovative organisations and products.

The Australian income tax period begins July 1 and ends June 30. Governed by the Australian Tax Office (ATO), taxes imposed include Capital Gains, Fringe benefits, Customs duty, and Excise duty among some forms of taxation. The ATO (Australian Taxation Office) introduced July 1, 2000 the Goods and Services tax (GST) is a flat rate of 10% on all taxable supplies, and operates as a similar value in comparable jurisdictions such as Canada, the UK and New Zealand.

Whether importing or exporting, or a foreign company wishing to conduct business in Australia. registration of an Australian Business Number (ABN) or if operating a company an Australian Company Number (ACN) must be complied with for the right to carry on in a commercial enterprise throughout Australia. 

If you’re based in Australia and planning to form a business, ensure you contact the ATO and the Department of Fair Trading. Also contact an Australian law firm and Accountant to provide you with the neccessary steps legally required to conduct business in Australia. 

Australia enjoys a very vibrant, buoyant and growing business community with an employment rate well over 93%, one of the highest in the world. The majority of commercial organisations are comprised of successful small to medium size business that are the dominate contributor to the Australian economy.

The complicated maze of legal requirements, appropriate business structure, securing Intellectual Property and the necessary protections needed to operate, while minimising liability to conduct business in Australia can be confusing.  However with some government resources to help you get started and professional assistance to guide you will increase your chances of success to grow and turn your idea or existing business into a highly lucrative commercial success.

Australian Sage can provide the necessary tools, professional assistance and resources you need through a range of highly effective initiatives.  Click on the'ask' button or here... 

  Helping Build Business in Australia