In 2010, Australia has total population of 22 million citizens making it the world's sixth largest country occupying area of approximately 7.7 million square kilometers. It also features a vast continent covering a distance of around 3,700 kilometers from its most northerly point to its most southerly point which covers nearly 4,000 kilometers broad from east to west. Among the six states, two seem to be the most promising in politics and business. These are Canberra which is the political capital and New South Wales which is the major city in the country where Sydney is located. On the other hand, the rest of its states are: Northern Territory, Queensland, South Australia, Tasmania, Victoria and Western Australia.
Australia is also considered blessed for being already a developed continent in Asia Pacific abundant of mineral and agricultural resources. Moreover, it also has the best climate in the world as it's located in the southern hemisphere so summer is in the months of December to February whereas winter is in the months of June to August. As to Australian lifestyle in contrast, it is known to have life expectancy of 83.5 years for females and 78.5 years for males that's why it's also competent to offer exceeding level of educated, skilled and computer literate workforce to investors in the long run having 99 percent literacy rate. These are few of the factors why any foreign company in Australia is quite much keen to set business in this continent.
Meanwhile as viewed by foreign companies in Australia, it is best to be aimed for a compelling business in the Asia Pacific region. States that have major businesses include: Sydney (New South Wales), Melbourne (Victoria), Brisbane (Queensland) and Perth (Western Australia. The government also acknowledged these benefits to open markets by more than half tariff rates on imports over the past decade that has meant lesser input costs but higher productivity and efficiency.
Adjustments to the tax system have also led to major cutbacks in business costs, specifically for exporters. This made another reason for the government to supply a number of rewards to foreign companies in the country to enhance and motivate foreign investment. These incentives range between taxable grants and tax relief to the provision of infrastructure services at lower rates. Nevertheless, if a foreign company decides to establish a branch office in Australia, it should be registered as a foreign company within the Corporations Act.
The foreign company must submit an application form with the Australian Securities and Investments Commission (ASIC). Upon signing up, an Australian Registered Body Number (ARBN) will be allocated to the foreign company.Once listed, the branch must file the foreign company's annual data and comply with other reporting requirements. A authorized office also needs to be established in Australia and a regional agent must also be designated.
Australia is also considered blessed for being already a developed continent in Asia Pacific abundant of mineral and agricultural resources. Moreover, it also has the best climate in the world as it's located in the southern hemisphere so summer is in the months of December to February whereas winter is in the months of June to August. As to Australian lifestyle in contrast, it is known to have life expectancy of 83.5 years for females and 78.5 years for males that's why it's also competent to offer exceeding level of educated, skilled and computer literate workforce to investors in the long run having 99 percent literacy rate. These are few of the factors why any foreign company in Australia is quite much keen to set business in this continent.
Meanwhile as viewed by foreign companies in Australia, it is best to be aimed for a compelling business in the Asia Pacific region. States that have major businesses include: Sydney (New South Wales), Melbourne (Victoria), Brisbane (Queensland) and Perth (Western Australia. The government also acknowledged these benefits to open markets by more than half tariff rates on imports over the past decade that has meant lesser input costs but higher productivity and efficiency.
Adjustments to the tax system have also led to major cutbacks in business costs, specifically for exporters. This made another reason for the government to supply a number of rewards to foreign companies in the country to enhance and motivate foreign investment. These incentives range between taxable grants and tax relief to the provision of infrastructure services at lower rates. Nevertheless, if a foreign company decides to establish a branch office in Australia, it should be registered as a foreign company within the Corporations Act.
The foreign company must submit an application form with the Australian Securities and Investments Commission (ASIC). Upon signing up, an Australian Registered Body Number (ARBN) will be allocated to the foreign company.Once listed, the branch must file the foreign company's annual data and comply with other reporting requirements. A authorized office also needs to be established in Australia and a regional agent must also be designated.
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