How to Buy a Business in Australia
The Commonwealth of Australia, with a population of 21 million spread among its six states and two territories, vies and competes with other states as to which has the greatest pull for foreign investors. Australia's corporate tax is off-putting to some investors; however, there are many reasons to buy a business and invest in Australia, including an active, emerging Asian market about to explode, which is an added bonus for all business owners, both new and established.
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Instructions
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Pay 30% corporate taxes if you intend to buy a resident corporation in Australia. These taxes will be contingent on all income world-wide from all sources. There are no additional taxes to pay. Non-resident foreign companies operating businesses in Australia may have to pay stamp duty, payroll tax, and land tax.
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Buy a business from the business-trader (see Resources). Check the details on a healthy fast food franchise on sale for $199,000 AUD. Look into a mobile electrical appliance repair business for $150,000AUD. Try a health and fitness center in Camden, New South Wales for $100,000AUD.
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Go buy a franchise at AustralianFranchises (see Resources). Something to suit all tastes, franchise-wise; all popular Australian franchises for sale. Coaching, cleaning, coffee, fast food, mobile services, pet care, retail, accounting, automotive and business services in the form of franchises are offered for sale.
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Check out the caravan parks, hotels, motels and bed and breakfast establishments. The hospitality trade is booming, and you may want to be part of the trend. Australia is a vast country and these services are needed.
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Read the articles on eyeswideopen (see Resources) for insight on running a business in Australia, business plans, budgets, growth, employees, taxes, and links to other must-read articles where you may glean tips and pointers on which way your business is going as an investment.
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Tips & Warnings
Talk to other business owners in the area where you would like to buy a business and gain from them insight.
Research will be needed to delve into the history of your chosen business before buying and parting with your cash.
