There are many Italians who decide to move and open a business in Australia.
Among the most popular businesses we certainly find catering activities; the number of Italian restaurants, pizzerias, ice cream parlors and cafeterias is growing very rapidly and not only in the big cities. In short, we all know very well how much Italian cuisine is appreciated all over the world and, obviously, its popularity has reached as far as Australia!
Catering activities are not the only choices made by Italians who decide to invest in Australia , in fact many are investments in the fields of agriculture, tourism, construction, fashion, technology and so on.
Australia attracts all kinds of investors from small private individuals , freelancers who decide to move to Australia, to large multinationals that opt for overseas branches.
But why do so many Italians decide to invest just on the other side of the world? It may be because the Australian economy, in contrast with the rest of the world, is growing and is stable, it will be that the chances of starting a successful business are high, considering that some urban areas are still in full development, that bureaucracy is simple, the dynamic labor market and taxation much lower than in Italy.
Visas to open a business in Australia
To start a business in Australia, future entrepreneurs must first obtain a visa that gives them the opportunity to start a business.
To request this visa you must send an “expression of interest” (EOI) and then have received the invitation to apply for the visa through the ” SkillSelect ” program . It will be necessary to illustrate one’s business plan and obtaining a visa passes through a careful and rigid assessment of the condition, not only personal, but above all economic and financial, of the aspiring entrepreneur by the Australian government.
Thanks to the ” Business Innovation and Investment visa ” you will have the possibility of:
- open a business / professional activity or invest in Australia
- travel in and out of the country without limits for the entire duration of the visa
- bring along family members (partners and children), who can work and / or study
- apply for permanent residence if the requirements are met.
If you are out of Australian territory, we suggest, before starting all the procedures for opening a new business, to make preliminary visits to the territory to better understand, not only the Australian society and culture, very different from those we are used to, but begin to become familiar with prices, bureaucracy, regulations, etc.
To do this it is enough to request a ” Visitor visa – Business Visitor stream “,which gives the possibility to those who want to open a business or invest in Australia to enter the country and “test the terrain”.
The first steps to open a business in Australia
Australia is a very expensive country, so before starting a business it is essential to proceed with a careful drawing up of a business plan that includes all the costs and expenses for products, premises, legal fees, etc.
In addition, requesting financial advice , even if you are a small business owner, is essential to establish risks and business objectives, study competition, evaluate profitability, stability and liquidity.
Then you have to open your own business, choosing among the various commercial structures available, among the most used we find:
- Sole Trader : sole proprietorship consisting of a single person who carries out the entire activity under his name or under a registered company name
- Partnership : a company that provides from 2 to 20 members who manage the business together by dividing investments and profits based on membership fees
- Company : a real company with a statute signed by all the partners that establishes rules and organization.
Each activity, in addition to the TFN (Tax File Number) , depending on the commercial structure, must request its own ACN (Australian Company Number) or ABN (Australian Business Number), an identification code used to simplify communication and relations between entrepreneurs and the government Australian, a sort of our VAT number.