Business in Australia!!! That’s an exciting thing to do but starting a business in Australia will not be an easy thing, and also, it’s not impossible, with strong will power and with little idea everything is possible
First thing comes first if you are an Australian citizen then its totally fine starting a business will become a lot easier, and if you are not, then you have to apply the right visa to start a business there, and you have to obtain necessary permits and licenses from the government departments.
After completing all the legal formalities, you can pick up a state where you can start a business. It can be Melbourne or Perth or Sydney, or maybe Brisbane once you are done with it coming next is what kind of business you want to start.
Types of business you can start in Australia
If you are starting a business, then it’s obvious that it would require a good amount of funds. It’s not only in Australia but in any part of the world you choose. Yes, different countries have different rules and regulations, and the amount of money will be required to start a business that may vary.
There are different kinds of business you can start in Australia like –
Cleaning business, event planning, childcare rental business are businesses that will require fewer amounts of investments and will be providing you maximum return if you have a cash crunch. Otherwise, you can go with franchise business or online business or starting a new company or opening a restaurant if you don’t have fund problems.
Legal Steps Required To Start A Business In Australia
You have to go with certain legal steps to start a business in Australia
1) Apply for Australian business number
If you are starting a business in Australia and you don’t own this number, then you can’t start a business legally in Australia. This is an 11 – digit number unique only to your business and acts as a government identifier for the business.
And once you got an ABN, you will be able to
- Register your business name
- Identifying your business to other entities for things like ordering goods and services or sending invoices.
- Claiming taxes such as goods and services tax (GST)
2) Giving a name to your business
It’s best to decide your business name before you start creating assets like your website URL, logo, or any other designs. And you have to be very careful while creating a logo or giving a name to your company because it shouldn’t match with any other company and if it does, then there is a possibility that other companies can make objections.
You can register your ABN and business name separately if you wish, but it’s easier to apply for both at the same time.
3 ) Register your domain name
This step can only be completed after you have secured your business name and ABN, as it’s only possible to get .com.au address if you are a registered Australian business. And the domain name you pick should be related to your business in some way and make it easy for customers to find and recognize it.
Hopefully, after completing these formalities, you can start your business smoothly even apply for business investment Visas or business talent visas