Why Setup a Company in Australia?
Considering Australia for business expansion? But not sure whether or not it is a good idea to setup a company in Australia? Well, then this post is a good read for you as we share with you some statistics and facts on why both international and local investors and entrepreneurs are seeking Australia as the place to invest and do business. This post might help you in making an informed decision too.
Stable Economic Growth
When it comes to making investments and starting operations, entrepreneurs always look for countries with good and stable economic growth. And let’s just say this is one of the reasons why setting up business in Australia makes sense. The country continues to enjoy more than 2 decades of uninterrupted and stable economic growth.
In fact, its economy has been rated AAA by the leading global rating companies. Australia has the world’s twelfth largest economy with an average GDP growth rate of 3.3%. The country provides foreign entrepreneurs and investors a low-risk and safe environment to start operations and do business.
Highly-Skilled Labour Force
Did you know that Australia has 1 of the world’s most skilled, educated and multi cultural workforce? In fact approximately 40% of its labour force holds advanced diploma/tertiary qualification. So, finding skilled, educated and talented work force for crucial job positions in Australia is quite easy. This means you don’t have to fly in staff from the country you currently operate to handle operations at your new office in Australia.
Strategic Geographical Location that Helps in Trade
Australia enjoys a strategic geographic location which the country has truly benefitted from by establishing long-standing cultural, investment and trade links with Asia Pacific region. Besides this, Australia open trade economy has also enabled the country to develop strong trading association with the Western players including both Europe and the US.
In the year 2014, foreign investment stock to Australia totalled 2.6 trillion Australian dollars, and the country’s inward FDI (Foreign Direct Investment) stock reached about 630 billion Australian dollars— where the US and UK were the strongest FDI sources.
Committed to Innovation
Another reason why foreign investors and entrepreneurs are choosing to setup business in Australia because the country is innovation focused. And this is evident from its modern and excellent ICT infrastructure, generous R&D (research & development) incentives to business owners, and strong-intellectual property protection. The country’s government is very supportive of research and innovative entrepreneurial activities.
So, if you wish to expand overseas and take your business to greater heights, then most certainly there is no better country to setup operations and expand your market outreach then Australia.
Get in touch with TRUMANS, Australia, [email protected] to find out how you can setup a company in Australia and what legal requirements you must meet in order to start your business operations quickly.