Establishing a business in Regional NSW
In Regional NSW you'll find everything you need to empower business success; competitive operating costs, a highly-skilled workforce innovative by nature, work life balance, vibrant regional centres, world-class infrastructure and digital connectivity.
Go further with access to opportunities. Key markets are on your doorstep; whether Sydney or all Australia, the Asian region or anywhere in the world.
Setting up a business in Regional NSW is a simple, straightforward process:
Decide on a business structure
Investors need to decide which business structure best applies to their new business: sole trader, partnership, trust or company.
Register a business name and obtain an Australian Business Number (ABN)
New businesses or existing businesses with an ABN can register on the Australian Business Register website to apply for a business name, ABN and tax registrations.
Establish an Australian company
International investors can choose to establish a new Australian company or subsidiary. These must be registered with the Australian Securities and Investments Commission (ASIC).
Register as a foreign company
Foreign entities may want to continue business in Australia as a foreign company. These must be registered with the Australian Securities and Investments Commission (ASIC).
Acquire an Australian company
An alternative to establishing a new or subsidiary company. Takeovers and reconstructions may require approval by the Australian Foreign Investment Review Board (FIRB) and comply with Australia's takeover laws in relation to acquisition of direct or indirect interests in Australian-listed companies, and companies with more than 50 members and listed managed investment schemes.
Obtain business premises in Australia
The purchase, lease and development of commercial property is facilitated by state and local governments.
List on Australian Stock Exchange (ASX)
ASX is a modern and active stock exchange with access to the Asia-Pacific region and a time zone providing 24/7 trading opportunities.
Register a trademark and domain name
Intellectual property laws protect company and naming rights, and allow companies to register a trademark and domain name.
Companies Established in Regional NSW
Immigrate to Regional NSW: Visas
Australian and NSW visas for businesses and investors include:
NSW skilled regional nominated migration
Short term business visits
Significant Investor or Premium Investor stream of the Business Innovation and Investment visa
Employer-sponsored labour agreements
The NSW Government nominates eligible business owners and investors and highly skilled workers wanting to live and work in Regional NSW.
Running a business in Regional NSW
Establishing and running a business in Regional NSW involves recruiting staff, paying taxes and meeting regulatory requirements such as financial reporting.
Further information can be found on these official government sites:
Finding office and commercial rental properties
Office rental costs in Regional NSW average only A$249 per square metre per year.
Commercial rental costs average A$249 per square metre per year in Regional NSW, compared to A$675 per square metre per year in Melbourne's CBD.
Source: LJ Hooker Commercial, 2017.
Average Annual Commercial Rent psm
Source: LJ Hooker Commercial, 2017.
Labour and utilities costs
The median annual wage in Regional NSW is A$60,700. This varies across sectors and regions within Regional NSW.
Domestic utilities are priced competitively in Regional NSW, for example the average annual charge for domestic waste in Regional NSW is A$293.
The average annual water and sewer bill in Regional NSW is only A$1,320. Access to surface and groundwater is a NSW government priority and businesses receive equitable access to water based on Water Sharing Plans administered by the NSW Department of Industry.
Investors can rely on a world-class electricity network to underpin operations in Regional NSW. Four state-owned companies provide electricity throughout NSW and the electricity market is operated by the Australian Energy Market Operator (AEMO).
The NSW and Australian governments offer support and advice including:
Department of Premier and Cabinet - DPC Regional
Concierge and referral service for companies looking to establish in Regional NSW.
Research and Development Tax Incentive
Refundable tax offsets for eligible company research and development activities
Business advisory services and business skills training
Boosting Business Innovation Program
For collaboration between NSW research organisations and business communities
For research collaboration between NSW small-to-medium enterprises and Boosting Business Innovation Program delivery partners
Page image credits: Amber Hooper Photography, Destination NSW, Advantage Wollongong & NSW Department of Premier and Cabinet
Get in touch
Establish a business in Regional NSW
The NSW Office of Regional Development and its network of 14 offices can provide advice on establishing in Regional NSW.