Australia is a place where the grass always seems greener. Besides being a classic holiday destination, Australia has become an emerging business destination. The country is growing rapidly and is what you would call an economic wonderland. Here are some of the major reasons why business owners should consider Australia as their next business destination.
1) Population growth
As one of the most livable countries in the world, Australia has a population that is growing so fast it’s actually attracting more people than any other country. There’s a reason for this. Most people are attracted to Australia because of its stability, high living standards, and great working environment. All these factors point towards the country being an attractive place for businesses.
2) Business-friendly policies
Australia is also one of the friendliest places to do business, with some of the most favorable tax laws that encourage people to do business there. Also, Australia has rules that protect both workers and employers well. In case you’re wondering how it’s possible for a country to have such great policies at the same time as good working standards, good news: It isn’t easy, but Australia seems to have found a way.
3) Great resources
Australia has resources that are in huge demand around the world. Apart from being a leading exporter of minerals, it’s also one of the largest producers of coal. This makes Australia attractive for mining companies who need to outsource their mineral extraction activities.
4) Fast Growing IT Sector
The technologies sector is also growing at a staggering pace, making it one of the perfect places for businesses to shop. The Australian government has been trying very hard to encourage more people into the technology sector, helping this great country grow even faster.
5) Clean Tech Sector
If you’re looking for clean energy, Australia is one of the places where you should consider setting up shop. The country has always been a leader in climate change technology, and it’s also home to some of the best R&D centers for clean energy.
6) Low-cost Business Setups
As a business owner, one of the major factors you should consider when looking at potential destinations is to see how much it’ll cost to start up. Well, in Australia, you can get all your setup costs for as little as $100 (USD). The country also has no capital gains tax and no stamp duty, making doing business there even better.
Bottom-line:
If you’re looking for the next big thing, it’s time to consider Australia as your next business destination. Upcoming entrepreneurs who are thinking about setting up shop should definitely consider Australia since all the odds are stacked in their favor.
Dil Bole Oberoi
