Over the last few decades, Australia has been a major attractant for companies all around the world. The vast economic opportunities, enviable weather, absent language barrier, among many others are one of a kind.
The mining industry, in particular, has been on a boom in the last decade. Unsurprisingly, Australia is looking towards a future where foreign investment and innovation will further boost the economy. Similarly, the startup scene is showing encouraging signs. According to a report by PWC, new businesses could contribute up to $109 billion to the country’s economy and add over 500,000 in the next 20 years.
For Manchester-based businesses looking to expand their horizon, there’s no better place than Australia. This post explores how such businesses can expand their operations to Australia.
Securing a Business Skills Migration Visa
Although there are over 100 types of visas, the business skills migration visa is the most common type issued to business owners, investors, senior executives, and business talents. Business talents are high-caliber business people with sponsorship from the government. Although an initial 4-year temporary visa is granted, it will be extended after demonstrating a certain level of business activity.
Establishing the Business
There are two major options for establishing a business in Australia:
- Acquiring or establishing an Australian subsidiary company with at least one director who is resident in Australia.
- Register a branch office as doing business in Australia.
The major distinction between these two options is that a subsidiary will lodge its account with the Australian Securities and Investment Commission (ASIC), while a branch will lodge its account with the overseas business.
For Manchester-based businesses looking to expand their operations to Australia, here are some of the major sectors that are experiencing immense growth:
- Agriculture: Wheat is the greatest agricultural produce in Australia.
- Mining: Australia is rich in iron, nickel, gold, uranium, zinc, and coal.
- Oil & Gas: Australia is the 28th largest global producer of petroleum.
- ICT: A relatively new industry behind the new technological advances in the Australian economy.
Other vibrant industries include biotechnology, creative and media, marine and railways, food and drink, recreation and leisure, and aerospace.
Hiring the Right Talents
At the end of the day, attaining business success boils down to the quality of employees. In Australia, there’s a shortage of highly-skilled professionals so securing the best can be challenging. However, here are some tips that can help businesses looking to expand hire the right candidates:
- Robust Advertisement
They have to ensure that available positions get to a wider audience because the more people that apply for the role, the higher the chances of finding the right talent.
- Rigorous Interview Screening
Interviews are a great way to get a sense of an applicant’s personality as well as gauge their expertise and ability to execute the task.
- Lodge a Background Check
At least, one form of background check is carried out by over 96% of Australian employees. Screening checks like national police checks, criminal history checks, working with children check and credit history checks can help provide more insight into an application. To lodge these checks in Australia, we recommend that you use the Australian National Character Check which is a government accredited service specialising in an online process for pre-employment background screening. Here is their contact link: ANCC Contact. This added information makes it easier to make sound hiring decisions.