Armada will help you navigate the necessary compliance requirements and handle your financial obligations, so you can focus on establishing your business in Australia
If you are setting up a business in Perth WA, or in Australia. Our Perth Accountants will be able to assist you with initial set up and ongoing business advice.
7 Simple Steps To Start A Business In Australia
Our comprehensive guide explains the 7 simple steps that you need to follow when you are initially looking to migrate or set up a company in Australia. These steps include explanations of the following areas:
- Registration Requirements – Understand how to register a business name in Australia.
- Accounting & Reporting – Set up efficient financial systems to meet Australian business tax and business compliance standards.
- Tax & Obligations – Learn about tax obligations for both businesses and employees, including foreign investors tax and Australian business tax responsibilities.
Often, many business owners require tailored advice that’s specific to your chosen industry. We recommend arranging an initial meeting with our team to discuss your needs, this meeting can be conducted in person or online using video conferencing.
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A Strong Economy
Australia's Gross Domestic Product (GDP) ranks among the top 20 countries globally. The economy remained resilient during the pandemic, with only two years of negative growth over the past 60 years.
Thriving Industry
Australia boasts a service-based economy (80%) with robust agriculture and mining sectors, benefiting from high demand in the Asia-Pacific region. Additionally, tourism and education contribute significantly to the economy, creating opportunities for foreign investment.
Open Trade
Australia supports global free trade and holds several Free Trade Agreements (FTAs), including with ASEAN, China, Japan, South Korea, and the United States.
Key exports include iron ore, petroleum gas, gold and aluminium oxide, with China, India, Japan, South Korea, and the US as major trade partners. As a foreign investor, you can benefit from Australia’s favorable trade policies and foreign ownership regulations, making it an attractive destination for international business expansion.