Many business immigrants who successfully migrate to Australia have the following questions: How do you actually start a business in Australia? How do you expand your business overseas? In fact, most new immigrants in Australia generally choose between two main approaches: buying an existing business or starting a new one from scratch.

• Buying a Business

Buying a business means acquiring the existing business owner’s shop, goods, supply channels, lease, and customer base. This is often the simplest investment method for new immigrants, for example, internet cafes, chain cleaning services, or chain convenience stores. This model requires a smaller investment and offers higher returns. When considering buying a business, it’s essential to evaluate its location and customer base, and whether there is competition. Setting up a business in a high-traffic shopping mall or in areas with relatively affluent residents, even if they are not very conveniently located, can be a good idea. Australians typically prefer to buy small items close to home, even if they cost 50% more, rather than traveling to large shopping centres. Before purchasing, you can ask an accountant to review the provided information to ensure it’s appropriate. Additionally, consulting with a lawyer for advice and handling the purchase procedures is recommended.

• Starting a New Business

There are three main ways to start a new business: sole proprietorship, private limited company, and public company. Company registration can be done as a sole proprietorship or with multiple shareholders.

We will provide you with a complete set of business operation solutions for new immigrants, assisting you with company registration, buying or selling businesses or real estate in Australia.