Australia is a market that businesses have been flocking to from around the world for many years. That trend shows no sign of changing any time soon. The fact of the matter is that there has never been a better time to begin doing business in the land down under. However, like all countries, Australia has their own rules and regulations that must be abided by in order to legally operate a business there. Knowing the necessary steps that you need to take can save you time and prevent your business from becoming mired in a sea of government red tape.
The vast majority of countries require companies operating within their borders to be registered. Australia is no different. If you are running a business in Australia, you will be regularly interacting from various agencies that represent federal, local and territory governments. Business registration is critical because it enables various government branches to ensure that they are collecting the proper amount of taxes from your business. Along with your business, your domain name for your website also needs to be registered. It may be necessary for you to acquire a business license for your company. This depends directly on where in Australia your company is operating and what type of business you are running.
If you are a citizen of a foreign country and you are going to want to live in Australia on a permanent basis to oversee the daily operations of your business, you would be advised to hire an immigration lawyer to help you with the transition process. If an employer sponsored visa kit or migration visas kits will be needed, he or she will keep you informed. An immigration lawyer will tell you what documents you need to file so you can avoid any legal issues stemming from your inability to live and work legally in Australia. This includes an employer sponsored visa kit, migration visas kits or any other important documents.
There are various requirements that employers need to be aware of when they do business in Australia. All wages must be paid based on the State of Federal award. Every business in the country must register with the Australian Taxation Office. Accurate employment records must be kept. All businesses must pay superannuation contributions. All safety and health standards must be met. Lastly, all employment conditions and terms must be complied with.
Business name registration
If the name of your business is not registered and on file with the territory or state government in which it is located, you will not be legally permitted to do business there. Registration is needed for businesses with a name that is different than the person in charge of it. Registration is also necessary for all businesses that want their website to have a .com.au domain name. Since many companies rely on a stream of income to be generated through online sales, it is imperative that businesses are registered to have a domain name associated with Australia. Obviously, you can not register a name for a company if it has already been registered.
In order to avoid choosing a name that is already registered for use in Australia, contact the Australian Securities & Investments Commission and request to see the national business names index. This list has the names of all companies that are registered to do business in the country. There is no charge to look at the list.