In today’s globalised economy, businesses are constantly seeking to expand their reach and tap into new pools of talent. Australia, with its diverse and highly skilled workforce, has emerged as a prime destination for international companies seeking to access top-notch talent.
In today’s interconnected world, businesses no longer need to confine themselves to local borders. The global landscape has opened up opportunities to collaborate, trade, and expand like never before. One of the most valuable assets a company can possess is a diverse and globally dispersed team. In this article, we’ll explore the many benefits of having a global team, with a special focus on the contributions of Australian workers.
There are already significant challenges for any business owner or operator in entering and navigating a new market such as Australia. Failure to maintain accurate or up-to-date bookkeeping records is like trying to win a running race with your shoelaces untied. You are setting yourself up for disaster, and the problem only gets worse the faster you run.
From 9th November 2023, new Unfair Contract Term laws will be introduced affecting all small business and consumer contracts, including heavy penalties of up to $50 million for businesses that don’t comply.
Australia is an attractive market for many international businesses looking for new opportunities. With a robust economy, stable government and well-educated workforce Australia is an appealing expansion opportunity for many businesses looking to scale.
Once you have decided you are going to incorporate a company in Australia, you must then decide on the company name.
Operating your business as an incorporated entity such as a proprietary limited (Pty Ltd) company will transform your enterprise into a separate legal entity. This means it has the same rights as a natural person and can incur debt, sue and be sued.
The UK has entered 5 FinTech Bridge agreements with other FinTech hubs including Singapore, South Korea, China, Hong Kong, and Australia. These bespoke agreements create valuable opportunities for the UK by overcoming barriers to international market entry and linking UK-based FinTechs with opportunities for international investment.