A Complete Guide to Starting Your Business in Australia
Choose Your Business Structure
Australia offers several business structures, including sole trader, partnership, company, and trust. Most foreign businesses choose a private limited company (Pty Ltd) due to its limited liability protection and flexibility.
Register Your Business
Register your business with the Australian Securities and Investments Commission (ASIC). This process includes selecting a unique business name and obtaining an Australian Company Number (ACN).
Obtain an Australian Business Number (ABN)
An ABN is essential for tax purposes and required to register for Goods and Services Tax (GST) if your annual turnover exceeds AUD $75,000.
Understand Your Tax Obligations
Familiarize yourself with the Australian tax system, including corporate tax, GST, and payroll tax. Consider engaging a local tax advisor to ensure compliance.
Secure Necessary Licenses and Permits
Research and obtain any industry-specific licenses or permits required to operate in your sector in Australia.
Open a Business Bank Account
Choose an Australian bank and open a business account to manage your finances locally.
Hire Local Talent
Understand Australian employment laws, including your obligations as an employer, superannuation, leave entitlements, and workplace health and safety requirements.
Protect Your Intellectual Property
Register your trademarks, patents, or designs with IP Australia to safeguard your intellectual property rights.
Choose the Right Business Location
Consider factors such as proximity to your target market, access to infrastructure and transport, rental costs, and workforce availability. Major cities like Sydney, Melbourne, and Brisbane offer diverse business opportunities, while regional areas may provide more affordable options.
Network with the Indonesian Business Community
Leverage the Indonesian business network in Australia. Join Indonesia-Australia business associations and attend networking events. IBC regularly hosts networking events and business forums to facilitate these connections.
Understand Cultural Differences
Be aware of cultural nuances in communication styles and business practices between Indonesia and Australia.
Choose a Reliable Cargo and Logistics Company
For shipping goods between Indonesia and Australia, select experienced logistics companies such as DHL, FedEx, or Maersk. IBC can help connect you with the right logistics partners.
Understand Australian Immigration and Visa Regulations
Ensure that you and your employees have the appropriate visas to work and operate a business in Australia. Relevant visa types include the Temporary Business Visa (subclass 400), Significant Investor Visa (subclass 188), and Innovation and Investment Visa (subclass 188).
Utilize Registered Migration Agents
Engage licensed migration agents registered with the Migration Agents Registration Authority (MARA) to assist with your visa applications.
Know the Business Regulations in Australia
Familiarize yourself with key regulations, including employment law, workplace health and safety, consumer protection laws, environmental regulations, and anti-corruption laws.
Seek Expert Advice
Consider partnering with the Indonesia Business Council (IBC) for guidance throughout this process. Our experts can provide valuable insights, connect you with local partners, and help navigate regulatory requirements.
Starting a business in Australia may seem challenging, but with careful planning and the right support, it can be a strategic step for your business’s global expansion. Australia’s strong economy, innovative business environment, and strategic location make it an ideal partner for Indonesian businesses.
At IBC, we are committed to supporting you every step of the way. From initial market research to ongoing operational support—including logistics, immigration, and regulatory compliance—our team is ready to help ensure your Australian business venture succeeds. Contact us today to learn more about how we can help turn your expansion ambitions into reality.
