BUSINESS INVESTMENT

Create your own compagny

If you have decided to invest in Australia, the first step is to decide what type of business you want to run. There are different types:
-Sole Trader or Registered name: the most popular system to launch a product and open a small business.
-Partnership: interesting if you don’t want to invest in a Pty Ltd and you cannot finance your project on your own.
-Property Limited or Pty Ltd: the most secure legal type of business.
-Branch: if your head office is overseas and you need to be represented in Australia .
-Joint Venture: buying into an Australian company.
-Trust: more and more difficult to open in Australia due to its enormous advantages.
-Franchising: very popular system in Australia; Australia enjoys the highest rate of franchized business per inhabitant, 3 times more that in the USA!!

To better understand these legal structures, please consult the following websites: www.fairtrading.gov.au or www.asic.gov.au.

The second step is to overcome the employment and labour issues: be sure to have understood the employers obligations, salaries and employees conditions.

The procedures to follow are complex and time consuming; they will have to be done in 2 languages unless you are a native English speaker and live in an English speaking country. We can help you find a suitable expert to guide you through all those procedures. If you are interested, contact us at executive@boomerangaustralia.com. Thanks for presenting your project and we will communicate you the feasibility, details and costs.

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