Access to Other Markets
Australia is considered a springboard into the Asia-Pacific. The country’s free trade agreements, business links and close proximity to the region have earned Australia the title, ‘the gateway to Asia’. Many international startups are using Australia as their base as they attempt to break into this new market, for example, San Francisco-based FinTech firm Hyperwallet.
The Federal Government’s Landing Pads program is set to further increase accessibility and connectivity to other markets for Australian startups. Currently, there are landing pads in Singapore, Shanghai, Tel Aviv, Berlin and San Francisco.
There is exciting growth in Australia’s young startup ecosystem. But it’s important to consider a number of key commercial and legal issues to best capitalise on this opportunity. Increasing venture capital investment, favourable tax breaks for innovative startups and their investors, a transparent regulatory framework and an attractive quality of life all make Australia a favourable destination for your startup’s expansion. We wish you all the best for your future business endeavours in Australia.
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