If you are considering starting a new business or you are planning to relocate your current company, here are some facts about Sydney that you might want to take into account before deciding where to settle.
Quality of life is one of the first great things about Sydney. Safety, Education and Health care rates are among the highest in the world, and the city offers a range of leisure activities for all ages, budgets and preferences. Cost of living is in the reasonable side, and if you are worried about sustainability, Sydney has proven to be one of the most environment-friendly cities in the world.
Australia´s economy is one of the largest in the world (13th) and, given the global economic situation, Australia´s resilient economy is something to focus on. It is not just about it´s size and the country´s resources, but factors like the Economic Freedom Index (which reflects a country`s trade freedom, government spend and fiscal freedom –in which out of 41 countries in the Asia-Pacific area, Australia is ranked third-.) that call the attention of investors considering Sydney a great place to start or transfer a business. Australia´s gross domestic product (GDP) per capita is the tenth in the world and is expected to continue growing, and unemployment rates are within the lowest in the world, still expected to descend during this year.
Compared to other major business cities in the world, Sydney, Australia, offers lower rates in skilled work force salaries, as well as lower rental fares for office spaces. It´s reliable infrastructure on communications and transport is also a plus, and Sydney offers competitive costs in relation to other major Asian cities. If this is not enough, Sydney also offers an easy tax system with excellent rates (30%).
Sydney has a highly educated population, with over 1.2 million people that, for example, speak a language other than English. But migration of staff that cannot be found within the local population is rather easy and so is migration of individuals willing to invest or set up a business. (If interested, check http://www.business.nsw.gov.au/live-and-work-in-nsw/visa-and-migration)
The state of New South Wales (in which Sydney is located) offers a wide range of free services to individuals and companies seeking to invest in Australia. Properly trained staff will guide you through the process prior to investment (this may include hiring proper staff, engaging with local associations, and accessing infrastructure).
So think about beginning your business in a safe environment. Think about all the advantages of doing so in a city that has proven successful for industries in a wide variety of sectors. Consider the possibility of living in one of the cities ranked as the top living locations in the globe, and all the opportunities for personal and financial growth that may come with it. Come visit Sydney or contact local authorities for more information about the process of investing in Sydney, as well as immigration processes that you may want to take into account.