Australia Offshore

The Australian government have established a number of incentives to attract offshore business but is Australia a valid offshore tax jurisdiction for banking and investment?

Offshore opportunities available ‘down under’.

Is Australia a valid offshore tax jurisdiction for banking and investment?

The Australian government have established a number of incentives to attract Australia offshore business.

Australia is not considered to be an official offshore tax haven nor is there a specific inward investment program with reduced tax breaks available to companies or individuals for example - though the Government is open to offers and can give a number of incentives depending on circumstances.

An example of the incentives available in Australia - a company wishing to establish itself in Australia can be eligible for generous assistance in training, R & D, export market development etc., and within the framework of ‘Invest Australia’, the Government does actually offer a number of significant incentives to encourage companies to establish regional headquarters or support centres in Australia and to benefit from the concept of Australia offshore.

Some benefits include exclusive simplification of immigration procedures, exemption from wholesale sales taxes for specific equipment, tax exemption or deductibility for relocation expenses etc.

Banking Units are another entity which can benefit from favourable taxation treatment in certain areas and in certain circumstances.  And generally speaking it is worth looking into what is available to you in terms of organisational structure if you are interested in establishing a business in Australia, establishing residence there or in doing business with Australia. 

The country has a young population and generally the nations attitude is open and flexible.

To find out more, let us know your specific requirements in confidence and if we have the information to assist you, we will provide it free of charge.