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Sydney means business

Australia is an economically strong and politically stable democratic nation, ideal for meetings. Our financial practices are flexible and accountable, and we maintain open regulation and transparent government policy. Sydney is the business hub of Australia.

More than 600 multinational companies run their Asia Pacific operations from Sydney, and of the top 500 companies in Australasia, 45% are located in New South Wales (NSW).

The Australian Stock Exchange (ASX), based in Sydney, is one of the world’s most active stock exchanges. It is the first major market to open each day.

Business meeting advantages

Australia’s political and economic stability means that doing business in Sydney is a low risk activity. Sydney enjoys a number of additional significant international business advantages:

• Competition laws: Australia’s intellectual property (IP) protection is ranked number two in the Asia Pacific region
• Time zones: Sydney is 10-11 hours ahead of Greenwich Mean Time (GMT), spanning the close of the North American business day and the opening of business in Europe, and trading ahead of Tokyo, Hong Kong and Singapore
• Tax: Company income tax in Australia is a flat rate of 30%, with no restrictions on capital flow, profit remittances, capital repatriation, transfers, royalties or trade-related payments
• City office: Sydney offers a global city office location that is less expensive than Seoul, Tokyo, Hong Kong, Singapore, Paris or London
• Labour: As an Asia-Pacific business base, Sydney boasts lower salaries for highly-skilled labour as well as cheaper operating and infrastructure costs.