The Allworths Guide to Doing Business in Australia

For our newsletter readers: we know most of you are based here in Australia but thought this may be of interest to any of your friends and colleagues in business overseas. Please feel free to share this with them if/when you think it may be of interest.

NSW is suffering through hard times as multiple regions of the state are currently experiencing their second major COVID-19 lockdown. Attracting international businesses to our shores is going to be a part of the ongoing solution to our economic recovery, as evidenced by the NSW government’s Jobs Plus program, which includes a call for overseas businesses to expand here and create local jobs.

Of course, even outside COVID, Australia has long been an attractive destination for growing businesses. We have a generally strong economy, a skilled workforce, high GDP per capita, high living standards, a stable democratic system of government and a strong judiciary.

At Allworths, we’ve helped multiple international businesses create and operate Australian subsidiaries by acting as an ‘outsourced finance function’ and greatly enjoy supporting them as their trusted local guide and partner in such ventures. Some examples include Acne Studios (a high end fashion house based in Sweden), Solarig (a Spanish solar energy company) and Epidemic Sound (a music licencing marketplace also based in Sweden).

To assist those thinking about an expansion to Australia in the coming years, we’ve put together a detailed guide on what to expect when expanding (or moving) their business, or a part of their business, to Australia: Doing Business Down Under.

It highlights all the vital structuring, tax compliance and other ‘finance function’ aspects for your business to be aware of when setting up shop here, including:

Working visas and employment law
Company taxation
Structuring
Directors’ duties
Financial compliance
Intellectual property
Restrictions on foreign investment
Repatriation of profits

The guide also includes a detailed case study on our work with Acne and the benefits they were able to enjoy as a result of our collaboration.

Ultimately we would love to be your guide and partner, taking most of the compliance, accounting and finance work off your plate so that you can focus on more crucial expansion activities.

If this is something your company is thinking about for the post-pandemic world, you’re always welcome to reach out to me via email.

We look forward to hearing from you!