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Business Visas

New people and new ideas are welcome in Victoria – a state offering business migrants exciting lifestyle and commercial opportunities.

Victoria's strong economy, advanced infrastructure and reputation for encouraging innovation can provide your business with significant advantages.

When you do business in Melbourne you do so in a transparent regulatory system with a stable political and economic environment that is the envy of the world. In other words it's easy, open and bursting with opportunity. It's also fast with a recent report by the World Bank putting it at number one in the world in terms of the ease and speed of officially registering your business.

Business Migrants choose Victoria because it offers:

• A stable regulatory and political environment
• advanced information and communication technologies
• high-quality professional support services
• low-cost infrastructure
• impeccable business credentials with an AAA economy rating from Standard & Poor's and Moodys
• open and transparent financial systems
• transparent legal and regulatory environments
• strong intellectual property safeguards
• a well developed financial services network.

Outside of business, Melbourne has everything you need to start your new future, including a world class education system, attractive lifestyle, multicultural society and seasonal climate. These are just some of the things that helped Melbourne get voted as one of the world's most liveable cities not once, but twice.

Economy

Australia has one of the strongest and most resilient economies in the world. Much of this strength derives from Victoria's dynamic and broad-based economy. The Victorian economy has averaged a 3.9 per cent growth rate over the last 10 years and forecasts outline a continuing growth trend with business investment at an all time high.

The State of Victoria comprises 25 per cent of Australia's economy. The table below provides a brief comparative snapshot of the Victorian and Australian economies.

Measure Australia Victoria
GDP Average Growth last 10 years 3.7% 3.9%
Forecast GDP Growth 3% 3%
GDP Per Capita A$42,437 A$43,447
Labour Force (Aug 2006) 10.8 million 2.7 million
Unemployment rate (August 2006) 4.9% 4.6%
Inflation (CPI Annual change June 2006) 4.0% 3.9%
Interest rate (Cash Aug 2006) 6.0% 6.0%

Infrastructure

Victoria's modern, integrated transport network of road, rail, air and sea provides access to 66 per cent of the nation's population. Melbourne is home to the largest sea container port in the Southern hemisphere and an unrestricted 24 hour international airport.

This is why Victoria is known as Australia's distribution hub.

For more information, see Victoria's Infrastructure page.

Business Opportunities

Businesses employing 20 people or less are the lifeblood of the Victorian economy. Over 300,000 of these enterprises play a critical role in supporting and servicing the state's manufacturing, service and primary industries.

Some statistics for businesses employing 20 people or less
Population of Victoria: 5 million
Number of small businesses in Victoria: 303,300
Growth of small businesses: 4.5% p.a on average
96% of Victoria's workforce (811,000) work for small businesses
31% of small businesses are in regional areas

While smaller businesses underpin the state's economy, Victoria is also the preferred location for six of Australia's 10 largest employers. 

For more information, see the Business Opportunities page.

Business Support

Establishing and operating a business in Victoria is an exciting and challenging prospect that requires sound planning, careful investigation and access to quality advice and information.

The Victorian Government welcomes business migrants. This section of the website provides you with information on visa sponsorship and a range of services to assist you in establishing and developing your business.


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