NewsCase StudiesEvents

Financing a Business in Australia

Australia

Financing a Business in Australia

Australia Business Experts

Australia related forum posts

 

  1. Want to start business in australia.

    Hi,I want to start a pharmaceutical, FMCG distribution in australia, can anyone guide me how to commence and get the opportunity to work in australia?

    Total Posts: 1 Last post by tavseefs

  2. SET UP YOUR OWN COMPANY IN DUBAI

    ALL KINDS OF LICENSES WITH SERVICED OFFICES AND COMPLETE ADMINISTRATIVE SUPPORTAt Serene Business Services we provide range of Company Formation & Business Setup Services that you require setup your business in Dubai. We provide all kinds of Licenses and required documentation in setting up your business from start to finish also assisting you with Commercial Licences, Trading Licenses, Touri

    Total Posts: 4 Last post by cchicken

Financing a Business in Australia

The Australian Government is particularly keen in attracting foreign investment. As a long-term direct foreign investor, you will be more than welcome in the open economy of the country. Remember that the keyword in the last years has been deregulation.

A case-by-case approach

Government grants, aids or funding are allotted on a case-by-case basis by the Foreign Investment Review Board which is administered by the Treasurer. Proposals must be submitted to the FIRB Board and often include: substantial foreign takeovers, the establishment of major new businesses, all investments in civil aviation and the media, business involved in direct investments by foreign governments or their agencies. Foreign investors are encouraged to increase the availability of urban residential accommodation but not to acquire the land for investment purposes.

More Incentives

Research and Development

Incentives regard Research and Development (which enable companies to claim deduction from 125% to 175% of R&D expenditure in projects involving innovation or technical risk)

Multinational corporations

A number of concessions are designed to encourage multinational corporations to establish their Asia Pacific regional headquarters in Australia. These concessions include tax deductions for certain costs of locating RHQs in Australia, and an exemption from withholding tax on certain dividends distributed through Australia

Others

Incentives are also designed to encourage business to remain in the State, or to encourage businesses to move to or set up in the State. These schemes range from pay-roll tax rebates and holidays, to low-cost land for new businesses, to financial and relocation assistance. Contact www.firb.gov.au to know what kind of incentives are available for you.

Click here to Ask an Expert about Financing a Business in Australia

Organisations that can assist with Financing a Business

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.