Why business chooses Sydney
Sydney is the business and financial capital of Australia's strong and thriving economy.
Sydney is the business and financial capital of Australia's strong and thriving economy. It's the location of choice for more and more international firms.
The State of New South Wales (NSW) has a strong and diverse economy – it accounts for 32 per cent of Australia's gross domestic product.
Australia is a politically and economically stable democratic nation that provides a low risk business environment. It has flexible, accountable financial practices, open regulation and transparent government policy.
The legal system in Australia is a mixture of common law and statute. Domestic and foreign companies have the same standing before the law. Australia's intellectual property protection is ranked number two in the Asia Pacific.
Sydney's time zone, 10 hours ahead of GMT, spans the closing of the North American business day and the opening of business in Europe, allowing for seamless, around-the-clock business services.
The company income tax rate is 30 per cent in Australia. There are no restrictions on capital flow, profit remittances, capital repatriation, transfers or royalties and trade-related payments.
Sydney offers a global city office location at an affordable price and is less expensive than Seoul, Tokyo, Hong Kong, London, Paris and Singapore.
As a base for business in the Asia Pacific, Sydney's benefits include lower salaries for highly skilled labour and economical operating and infrastructure costs.
Sydney and NSW offer reliable communications, transport, utilities, business support services and superior commercial property, at more competitive costs than other major Asian business centres.
In regional areas, the State Government has increased business appeal by cutting power bills for regional businesses, reforming rail freight, reducing port charges and streamlining the land-use planning approvals process.
Sydney has a world class telecommunications infrastructure. Australian domestic networks consist of fibre-optic, wireless, satellite and microwave systems. Fibre-optic is the predominant technology. Major networks are dense wave division multiplexing based, enabling an easy upgrade.
Sydney and surrounding regions are home to a multilingual and well educated workforce. More than 57 percent of the State's working-age population is tertiary educated, the highest of any Australian State.
More than 1.2 million residents speak a language other than English at home. These language skills provide a business advantage for Australian-based companies doing business in Asia.
Sydney and NSW have a great lifestyle that is hard to match, with a wide range of cultural, sporting and leisure pursuits available.
Australia's immigration system may allow entry of specialist staff into Australia on a temporary or permanent basis where vacancies cannot be filled from the local labour market or through training.
NSW welcomes business migrants who plan to set up a business or invest. See Business, Skilled and Regional Migration for more information.
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