EstablishWhether you're establishing a new business or relocating an existing one,
Regional NSW is your launchpad to go further.
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Regional NSW has each of the key ingredients for success in the modernbusiness world:
Most importantly, it is also on the doorstep of key markets in the Asia-Pacific.
Regional NSW combines this with the very best lifestyle and most spectacular natural setting imaginable, with world-renownedcoastlines and beaches, 890 national parks and nature reserves, the Australian Outback and the country’s largest ski fields.
Best of all, setting up a business in Regional NSW is simple. Our investment specialists are available to guide you through any orall of the steps in getting started, including:
Establishing a business in Regional NSW
competitive operating costs⟩a highly-skilled workforce⟩world-class infrastructure and⟩digital connectivity.⟩
Deciding on a business structure. If you haven’t already, you’ll need to work out which business structure best appliesto your new business: sole trader, partnership, trust or company.
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Registering a business name and obtaining an Australian Business Number (ABN). You can register on theAustralian Business Register website to apply for a business name, ABN and tax registrations.
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Establishing an Australian company. International investors can choose to establish a new Australian company orsubsidiary. These must be registered with the Australian Securities and Investments Commission (ASIC).
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Registering as a foreign company. Foreign entities can often continue business in Australia as a foreign company, solong as they’re registered with the Australian Securities and Investments Commission (ASIC).
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Acquiring an Australian company. Takeovers and reconstructions may require approval by the AustralianForeign Investment Review Board (FIRB).
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Obtaining business premises in Australia. Purchasing, leasing and developing commercial property is facilitated bystate and local governments.
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Listing on the Australian Stock Exchange (ASX). The Sydney-based ASX is a modern and active stock exchange and isconsistently ranked in the world’s top five exchanges, with a total market capitalisation of A$1.5 trillion. It offers accessto the Asia-Pacific region and a time zone that provides 24/7 trading opportunities. It also boasts Asia’s largestderivatives trading market, worth A$47 trillion.
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Registering a trademark and domain name. Australia’s strong intellectual property laws protect company and namingrights and allow companies to register a trademark and domain name.
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Some of the global companies that have already chosen Regional NSW
There are several visas available to help overseas-based businesses andinvestors establish a business in Regional NSW.
These include:
The NSW Government can nominate eligible business owners and investors to the federal government and welcomesapplications from highly skilled workers to live and work in Regional NSW. For more information, visit theDepartment of Home Affairs and Live and work in NSW websites.
Visas required to live and invest in Regional NSW
NSW skilled regional nominated migration⟩Short-term business visit visas⟩Significant Investor or Premium Investor stream of the Business Innovation and Investment visa⟩Employer-sponsored workers⟩Employer-sponsored labour agreements.⟩
Image credit: Department of Planning, Industry and Environment
We can help you understand your obligations when establishing and running abusiness in Regional NSW.
From recruiting staff to paying taxes and meeting your regulatory requirements, such as financial reporting, we can help guideyou through what you need to know. In the meantime, you can find more information about your obligations on these websites:
Running a business in Regional NSW
Employing people: Fair Work Ombudsman⟩
Understanding Australian taxes: Australian Taxation Office; Austrade business taxes guide⟩
Understanding NSW state taxes: NSW Revenue, Taxes and Duties⟩
Understanding Australian business regulation: Austrade business regulation guide.⟩
Office rental costs in Regional NSW average only A$260 per square metre ayear.
This compares to an average rent of A$695 per square metre in Melbourne’s CBD.
Renting office and commercial spaces in Regional NSW
Average Annual Commercial Rent
Source: LJ Hooker Commercial, 2019
The median annual wage in Regional NSW is A$60,700, although this variesacross sectors and regions.
Domestic waste and water utilities are priced competitively. The average annual charge for domestic waste in Regional NSW isA$329.
The average annual water and sewer bill in Regional NSW is only A$1,460. Access to surface and groundwater is a NSWgovernment priority and businesses receive equitable access based on Water Sharing Plans administered by the NSWDepartment of Primary Industries.
Image credit: Advantage Wollongong
Labour and utilities costs
Government assistance for establishing a business in Regional NSW
The NSW and Australian Governments can both offer support and advice tohelp you get started here in Regional NSW.
This includes:
Contact one of our investment specialists for more information on any of these programs.
NSW Investment Concierge Service - This supports companies looking to establish or expand in Regional NSW and ourSpecial Activation Precincts.
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Regional NSW Investment Attraction Package - The NSW Government offers a range of incentives to attract new andgrowing businesses to Regional NSW.
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Regional Skills Relocation Grant - Businesses in eligible industries may be entitled to incentives to relocate highlyskilled staff from metropolitan areas.
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Training Services NSW - This provides subsidised training for staff, including part qualifications.⟩
Research and Development Tax Incentive - Eligible company research and development activities are entitled torefundable tax offsets.
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Business Connect - This NSW Government initiative offers business advisory services and business skills training.⟩
Boosting Business Innovation Program - This A$18 million program encourages collaboration between NSW researchorganisations and business communities.
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TechVouchers - Amounts of up to $15,000 are awarded on a competitive basis to eligible NSW companies to help themcollaborate with Boosting Business Innovation Program delivery partners.
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TradeStart Network - This network, delivered by Austrade, assists small and medium sized exporters to achieve longterm success in international markets.
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Establish a business in Regional NSW
The NSW Office of Regional Economic Development and its network of 14 offices can provide advice on establishing inRegional NSW.
Get in touch
Office contacts
Suite 1, Level 147-59 Wingewarra StreetDUBBO NSW 2830
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