Sunday 23 December 2018

How can a Foreign National Start a Business in Australia?


Nowadays the world has become increasingly globalized. It is now easier than ever to start a business in another country. One such nation is Australia or the land down under. If you too are also thinking about starting your business in the country, then you need to figure out the legal and other requirements and get all possible information about Australian immigration in Saudi Arabia. Let us take a look at some essential facts that will come to your rescue:

·       Learn about the visas that are available – The first thing that you need information on from the immigration consultants in Saudi Arabia is how many types of visas are there for Australian nationals and which ones will be the most beneficial for you. Because the government is encouraging entrepreneurs, they have several business innovation and investment programme, which includes providing visas to foreigners who want to set up their business in the country. The visas include:

o   Business talent (permanent) visa
o   Business innovation and investment (permanent visa) subclass 888
o   Business innovation and investment (provisional visa) subclass 188

Apart from these, you can also get specific visas that can help you set up your business in rural or low-growth areas of the country. You can read more about the various state as well as region based economic initiatives for the same.

·       If You Have the Visa already – When you already have the Australian visa, the next step is to consider the legal as well as the regulatory issues that are associated with starting and operating the business in the country. To be more specific, you need to think of:

o   Having the best business structure that can cater to your goals
o   The region where your business will be set in the country
o   Ways to protect the intellectual property for your business
o   How can you get all the needed licenses

·       Seek Legal Counsel – Seeking legal counsel at each and every step of the business is also mandatory. The best immigration consultants in Saudi Arabia and elsewhere can help you do this with their experts that work in-house.

These are some of the things that you need to understand and apply for starting a business in Australia when you are from a foreign land. For similar write-ups keep a tab on this space.

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