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Instructions for Australian immigrants to start a business
# Australian Immigrants # Introduction When immigrants start businesses in Australia, investors must consider many factors. The following are the instructions for Australian immigrants to start a business. Welcome to read!

1.

1, it is necessary to be familiar with the Australian market before studying and starting a business. This means that you need to know who your customers are, the nature of your industry and your competitors. This will help to create a framework around which you can build your business.

2. Business structure

There are four types of business structures in Australia. You can choose any one when you start a business. These include sole proprietorships, partnerships, trusts and companies. You can choose the structure that best suits your business needs. The structure of the enterprise will determine the required license, and will also affect the tax and legal requirements.

Single trader: This is the most widely used and simplest business structure. The owner retains complete control over the enterprise, and there is no difference between enterprise assets and personal assets. As an individual trader, you need to pay income tax according to the individual tax rate.

Partnership: A partnership includes two or more individuals who engage in business activities together for the purpose of making money. Partners have the ownership of all enterprise assets and are responsible for all liabilities. When making a partnership agreement, it is recommended to seek the help of professionals.

Company: A company can hold assets in its own name and be regarded as an independent legal entity. Shareholders are the owners of the company. Directors are responsible for running the company, although they may also be shareholders.

Trust: In a trust, a company or individual (trustee) conducts business on behalf of the beneficiary of the trust. This structure is usually used in family business, in which each family member can be the beneficiary without participating in the operation of the business.

3. Commercial premises

You can choose to set up a family business or lease or buy a business place. Australian states, territories and local governments are responsible for leasing or purchasing commercial real estate. Regulations, environmental assessments and approvals may vary from region to region. The advantage of leasing is that you don't need to invest a lot of money in the house. But some small businesses may find it more cost-effective to buy real estate.

4. Australian Stock Exchange

Australian Stock Exchange (ASX) is the main stock exchange in Australia, and both Australian companies and international companies can apply for listing. Before a company can be listed, it must meet the requirements stipulated in the Listing Rules of the Stock Exchange. Listing on the Australian Stock Exchange (ASX) is an advantage, because Australia's stock market is full of vitality and modernization, and there are trading opportunities around the clock.

5. Trademark

Companies can protect their names by registering trademarks and domain names to prevent other companies from using their names.

2. How do new immigrants in Australia open bank accounts?

You may want to open a bank account at home to pay bills and other activities, but you may also need a local bank account to receive salary payments and handle living expenses. In most countries, it is available. Your existing bank may even have international convenience. Or, you may want to open an offshore bank account. Different countries have different regulations on banking. In many cases, you may need a local bank account to obtain the right of abode, or your employer can only pay you through a local account. This also applies if you are self-employed.

Australian banks are strictly regulated and often get high marks in international security assessments. The four largest banks in Australia are ANZ, Commonwealth Bank of Australia, National Bank of Australia (NAB) and Westpac. * * * Banks and customer-owned banks are also booming. Due to the strength of local banks, relatively few international banks operate retail services in Australia, although many international banks, including Citibank, HSBC, ING and Bank of China, have subsidiaries.

In most cases, opening a bank account in Australia is simple and easy. As long as you live, study or work there, you can even open a bank account before moving to the country. This process is fast-online, it may only take ten minutes-and the required documents are not complicated and usually difficult to obtain. If you open an account online, you need to call the branch to display the documents when you arrive. In some banks, you can open an account for up to one year before moving to the country.

To open a bank account online, you need:

Your valid passport and visa details

Current e-mail address

Information about when you moved to Australia and where you plan to live (not necessarily the complete address; You only need to specify a city or place)

You may also be asked to provide tax information about your current residence-the specific documents required vary from bank to bank.

Opening an account in person is also very simple. Banks use the integral system, but it is not complicated, and it is relatively easy to obtain the necessary integral number (generally 100). The bank will list the documents you need on your website, but usually:

Valid passport or national identity card (70 points)

Your birth certificate (70 points)

A driver's license or other official identity card with a photo (40 points)

Water and electricity bills or other official documents with your name and address (25 points).

Credit card or debit card, library card or similar items (25 points)

If you open an account within six weeks after your arrival, all you need is a passport and a valid visa.

Australian banks offer a variety of account types, some of which offer free banking services. Check the bank website for more details. At the time of writing, the monthly fee for a current account (checking account) is about $5.

3. Australian Immigration Traffic Guide

Melbourne has a good public transport system, including trams all over the world, extending from the central business district to many suburbs. It also has an extensive urban rail transit network and good bus service.

One-way tickets and one-way tickets can be purchased at railway stations, tram ticket vending machines and retail outlets with the blue logo of Metcard, and can also be used in all three modes of public transportation. Old people, children and students can enjoy discounts. The fare depends on the number of places you want to visit and the duration of the fare.

Convenient itinerary planning, timetable, route and fare information can be obtained online.

Foreigners in Melbourne can drive in Victoria for three months with their national driver's license after obtaining an Australian visa, and then they must take a driver's license test in Victoria. However, foreigners who hold licenses in Austria, Belgium, Canada, Croatia, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Japan, Luxembourg, the Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom or the United States can exchange Victorian driving licenses without trial. The driving test and admission ticket can be arranged and exchanged in VicRoads Customer Service Center: please call131171for the specific location and contact information.

Except during rush hours, Melbourne's roads are in good condition and the traffic is congested. The whole city has adequate parking facilities.

Melbourne has a toll road network called CityLink, which connects ring highway and the tunnel under Yala, and extends all the way to Tulamarin International Airport. The electronic toll collection system is fully automatic: ordinary users of the network can open an account in the car and buy monitoring equipment called ETAG. Occasionally, users can buy daily tickets within three days before and after purchase. Use the internet. You can pay online, or you can buy passes at Australia Post and other retail stores. Unauthorized use of CityLink network in Melbourne will be fined 100 yuan.

Strictly enforce Victoria's driving regulations. When driving, the blood alcohol content is lower than 0.05%, and random breath test is used. It is illegal to use a hand-held mobile phone while driving. Unless otherwise specified, the speed limit is 50 km/h. Seat belts must be used in both front and rear seats.

There are bicycle lanes in downtown Melbourne and many suburbs. Australian immigrants need to understand that according to Australian law, cyclists must wear helmets and obey traffic laws.