Australia is one of the preferred countries for ambitious workers and entrepreneurs looking to turn their lives around and get to the next level. This country, known among other things for being the largest island in the world, is one of the most migrant-friendly. 

Australia has long supported foreign nationals in times of crisis and needs, benefiting also from the talents and skills they may have to grow and develop the Australian economy and other sectors, on which many of its visa and residency programs for foreigners are based.

Australia combines a long list of opportunities for those who wish to move to its territory, with an enviable natural beauty that will undoubtedly make those who arrive in the country feel that they are in a different land. Modernity is also not lacking in Australia, which every day strives to keep moving forward and be at the forefront in all sectors. 

In addition to its opportunities, it is necessary to talk about its people, and the enormous cultural mix that exists in Australia, thanks, among other things, to its policies of openness towards migrants, makes a large number of different cultures and lifestyles coexist in this country, which in no way antagonize each other, but on the contrary, coexist day by day to advance and grow.

You will find a very friendly place

Australia is one of the friendliest countries in the world, and that makes it easy for those who have come from far away to start a new life (with all the fears and apprehensions that may entail) to adjust in the best possible way. The ex-pat community in Australia enjoys a high quality of life and considerably lower stress levels than in many other countries around the world.

Australia's high quality of life is supported by being ranked 6th in the Human Development Index for 2021, which among other things measures life expectancy, personal income level, and education. Undoubtedly, Australia has made and continues to raise its standards day by day. 

And as we mentioned before, the great cultural diversity in Australia and its controlled migration programs make that day by day a great number of cultures and ways of life unite and coexist with each other, in an environment without great indexes of xenophobia or discrimination. This and much more is why Australia has achieved so much in recent years.

Likewise, this friendly attitude is not just confined to its people but carries over into the realm of business and investment. Australia is one of the freest economies in the world (3rd in the Heritage Foundation's Index of Economic Freedom), where the State not only respects private property and allows the business sector to operate freely, but is constantly searching for mechanisms and methods to optimize the niche to generate more and more profits. 

This great country does not stagnate and it doesn't get too comfortable. It will always seek to evolve towards a better tomorrow.

Cost of Living

Although living in Australia can be a bit expensive, there are excellent opportunities for those who decide or are invited to live in Australia, either to invest in the creation of new businesses or to join the country's workforce.

According to portals such as Numbeo and Wise, the cost of living for a person in Australia (without taking into account rental charges), is between A$ 1,300 and A$ 1,400 per month (US$ 963 - US$ 1,038). According to these platforms, the minimum wage in Australia (higher than in the United States and the United Kingdom) is A$ 19.84 per hour, which is already a significant monthly income.

In addition to this, Australia is constantly looking for qualified personnel who can provide benefits, development, and growth to its different economic sectors, an activity that in no way can be underpaid, so, under these terms, life in this country can be more than affordable.

As far as rental prices are concerned, in the main cities, a one-bedroom apartment in the center of town can cost up to A$ 1,789 per month, which is still somewhat affordable with the right work and lifestyle.

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Taxation

The Australian tax system, although it does not offer major exemptions to companies, is still attractive to foreign investors, as they see this as a small price to pay for the high level of economic freedom and the State's respect for private enterprise.

Companies must pay a flat rate of 30% on their income, and although there are no exemptions, there are "rebates" on the rate for small businesses. As for what for Europe would be VAT, Australia has a rate of 10%, and it is applied not only for final products but also on the sale of raw materials.

As for personal taxation, as we have mentioned in previous articles such as Companies & Structures and the Mundo’s Freedom Rating for Australia, the country’s tax system, unlike those countries that have a flat rate for all profits, is progressive; meaning that tax rates increase as income increases.

In our previous articles, we pointed out that the Australian tax system stipulates that you will be subject to different tax rates depending on whether you are an Australian resident or a foreign resident as far as the Australian tax administration is concerned.

If you earn income up to A$18,200 in a tax year, you will not be subject to tax, so tax rates will start to apply for income above this.

However, you may still be eligible for certain tax deductions from work expenses you have incurred during a tax year. This is an important tool to reduce your tax burden, and our team can assist you in this regard. Among the expenses that you can mark as work expenses for tax deduction purposes, we can count: 

-Travel Expenses

-Cost of Uniforms

-Personal laptop, phone, Tablet or desktop if you use them for work

Rhythm of life

Australia has remained a destination full of attractions and promises for those who choose not only to visit but plan to make a life here. The world's largest island offers a lifestyle that attracts millions of enthusiasts every year. The combination of great weather, scenery, and opportunities is more than complete and for all tastes.

Australia is known for its hospitality and friendliness. If you start a new life in this country, rest assured that it will take little time for you to be accepted as a part of the community. This country believes in "respect to be respected", which extends to all contexts.

During the week, the pace is quite high. Everyone devotes their time and effort to the accomplishment of their daily duties and tasks. Australia has a good work schedule that is often accompanied by a visit to bars and restaurants to relieve the burdens and daily stress among the same co-workers.

On weekends, there are plenty of options for recreation and relaxation. Since many of Australia's major cities are located on the coastline, trips to the beach with family or friends are more than common and a great way to free the mind. If you are an ex-pat, once you have settled into your new home, you can begin to interact with your neighbors and community through sports, BBQs, talks, etc. 

As for the climate, it varies depending on the region where you are located. Undoubtedly, and according to many travel portals, the best climates are found in the southern coastal area, so you could consider them over the more antagonistic climates of the center and north of the country.

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Starting your life in a new country is always a critical step in anyone's life, but if the destination country offers all the conditions and opportunities to make this transition as pleasant and easy as possible, that country is worth it.

During this series of articles, we have shown you the advantages, opportunities, conditions, and why you should consider Australia not only as an investment destination but as your permanent place of residence. This country is committed to advancement and development, so if you share this vision, you should contact us today to find out what places and options are best for you in Australia.

Obtaining a residency and later citizenship are options that are on the table, and our team will be there to support you in all stages of the different processes that you can initiate in Australia. We are waiting for you!

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