In Japan, the hurdles to starting a business are considerably lower than in the past. However, it is also true that there are still bureaucracy, the harmful effects of Japan’s unique vertically divided society, and that there are inefficient procedures compared to other countries. Recently, it has been featured in the media, and what is the procedure for starting a business in Australia.
Of course, the specific requirements and procedures may vary depending on the individual situation and type of business, so it will be necessary to seek advice from experts and official sources, but it is relatively easy compared to Japan. It seems that
Choose a form of business such as a sole trader, partnership, proprietorship, company, etc., depending on the purpose of your business. The scope of responsibility, tax system, and procedures differ for each form.
Steps to start up
Choose a business name: Decide on a name for your business and check if it is available on the website of the Australian Securities and Investments Commission (ASIC), Australia’s business registration authority.
Get an Australian Business Number (ABN): Your ABN is the number your business needs to process taxes and other government matters. You apply for an ABN on the Australian Business Register (ABR) website.
Governance and legal requirements: Depending on the type of business, you must meet governance and legal requirements such as incorporation documents and contracts, tax returns, and labor laws. It will be an expert’s advice and request project.
Tax and Accounting: Register your taxes with the Australian Taxation Office and file the required tax returns. Proper business accounting and bookkeeping is also important.
Licenses and Permits: Certain industries and activities may require special licenses and permits. Depending on your industry, review the procedures for obtaining relevant licenses and permits.
Employment Procedures: When hiring employees, legal requirements regarding employment contracts, working conditions, worker protection, etc. must be met.
When hiring employees in Australia, you need to be especially careful as it may lead to lawsuits as well as answering interviews.
Employment contract: Employment contracts are concluded with employees, and employment conditions, salaries, working hours, etc. are specified. Employment contracts shall be in an appropriate form in accordance with employment law.
Compliance with Labor Laws: Australia has strict labor laws. We must comply with legal requirements regarding working conditions, working hours, minimum wages, etc., and protect the rights and safety of our employees.
Workers’ insurance: Australia has a workers’ compensation insurance scheme. Workers’ Compensation Insurance is required in case workers are injured on the job or have an occupational accident.
Supernuition schemes: In Australia, employers are required to comply with government regulations for supernution schemes for their employees. Appropriately handle employee retirement plans based on employment contracts and legal requirements.
These will be general start-up procedures and employment-related procedures. As Australian laws and regulations change frequently, we recommend that you consult the official Australian website for the most up-to-date information and obtain professional advice.