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Doing
Business in
Australia
Introduction
Australia is situated in one of the world’s fastest-growing and dynamic economic
regions, the Asia Pacific. Australia boasts a highly-skilled labor force and culture of
innovation, with over 40% of Australia’s workforce holding qualifications beyond
secondary education. Australia has a population of 24 million, making it an important
consumer market for multinationals. In particular, the concentrated population in
capital cities on Australia's east coast make it an attractive market for multinational
companies to efficiently build scale and prominence.
Australia is also used as a gateway and management hub for New Zealand (population
4.65 million) and South East Asia given the long trading history between the regions,
Australia's cultural and multilingual diversity and time zone capability.
Australia's strength in the mining and resources sector is well known as it is one of
the world's largest exporters of minerals and raw materials. Australia also has robust
banking, real estate, agriculture, tourism and services industries. Recently, Australia
has experienced a shift in allocation of capital away from mining to alternative asset
classes including technology. Australia is viewed as a particularly attractive source
of capital from public and private markets, having the world's third largest pool of
investable funds.
Israel - Australia Business Relationship & Opportunities
Australia and Israel already share close business ties. Australia currently imports
approximately A$833 million from Israel, largely through Australian companies
importing the IT services and intellectual property of Israeli companies. Further, the
level of foreign investment from Israel in Australia has tripled over the last three years.
In September 2015, the Australian Government announced its intention to begin
negotiations on a double taxation agreement with Israel. Such an agreement will serve
to further strengthen the economic ties between the countries and will reduce the
withholding tax rates on royalties paid back to Israel.
Significantly, Australia is a gateway to global capital, with 45% held by international
investors and has a long history of funding and listing early stage companies on its
national stock exchange, the Australian Securities Exchange (ASX).
Australia is viewed as a particularly attractive source of capital from public
and private markets, having the world's third largest pool of investable funds.