The ISO code of Australia is AU according to the ISO 3166 standard. The local name of the country is the same as its English name. Australia capital city is Canberra. People in Australia speak the English language. On 1 January 1901, Australia emerged as a sovereign political entity. In the year 01/01/1901, Australia emerged as a sovereign political entity. The largest cities in Australia are Sydeny, Melbourne, Brisbane, Perth.
Australia has different time zones. They are UTC +08:00 (AWST - Australia Western Standard Time), UTC +09:30 (ACST - Australia Central Standard Time), UTC +10:00 (AEST - Australia Eastern Standard Time).The internet country code top-level domain (ccTLD) for Australia is .au. Other domains assigned to Australia are .melbourne, .sydney. The International dialing code for Australia is 61. People in Australia drive on the left side of the road. Total land area of Australia is 7,692,024 km² (approx. 2,969,893 mi²). Australia is not a landlocked country. It means that is is bordered by at least one major body of water.
Australia is located in Oceania. Australia is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Australia faces various issues, including soil erosion from overgrazing, industrial development, urbanization, and poor farming practices, soil salinity rising due to the use of poor quality water, desertification, clearing for agricultural purposes threatens the natural habitat of many unique animal and plant species, the Great Barrier Reef off the northeast coast, the largest coral reef in the world, is threatened by increased shipping and its popularity as a tourist site, limited natural fresh water resources.
Doing business in Australia
We offer various corporate services in Australia jurisdiction. These services can serve both, people coming from Australia and foreigners. If you plan on doing business in Australia you might be interested in contacting us.
To find out about starting your business in Australia click on company formation in Australia.
To find out how to open a bank account in Australia and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Australia.
Choose preferred service below or continue reading to find out more about Australia.
Demographics of Australia
The total population of Australia is 24,772,247 people. In Australia, the population density is 2.8 people per square kilometer (7 per square mile). Because of this statistic, this country is considered to be very sparsely. The ethnic diversity is almost uniform according to a fractionalization scale which for Australia is 0.0929. Australia has approximately 6763663 foreign immigrants. The median age is approximately 38.3 years. In Australia, 82.35 in every 100 people use internet. Australia has a Human Development Index (HDI) of 0.933.
The majority religion of Australia is Christianity, Australia is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Australia.
Culture of Australia
People in Australia speak the English language. According to data on inbound tourists in Australia, 6,382,000 tourists arrive in the country each year. The first McDonalds in Australia was opened on 30 May 1971, and it was located in Yagoona, New South Wales. One of the most popular national dishes of Australia is meat pie. To read more click on culture of Australia.
Geography of Australia
Australia is considered to be a vast nation because of its total area. Its total land area is 7,692,024 km² (approx. 2,969,893 mi²). Australia is located in Oceania. Its capital city is Canberra. Australia has no land borders.
The highest point of Australia is Mount Kosciuszko, with its official height being 2228 m (7,310 ft). Including land mass and EEZ, the total area of Australia is approximately 16,197,372 km² (~6,253,812 mi²). The most notable natural resources found in Australia are bauxite, coal, iron ore, copper, tin, gold, silver, uranium, nickel, tungsten, rare earth elements, mineral sands, lead, zinc, diamonds, natural gas, petroleum.To read more click on geography of Australia.
Economy of Australia
The currency of the country is Australian dollar. The symbol used for this currency is $, and it is abbreviated as AUD. 5.8% of population in the country are unemployed. The total number of unemployed people in Australia is 1,436,790. Each year, Australia exports around $251.7 billion and imports roughly $245.8 billion. The Gini Index of the country is 33.6. Australia has a Human Development Index (HDI) of 0.933.The Global Peace Index (GPI) for Australia is 1.329. Australia has a government debt of 23.3% of the country's Gross Domestic Product (GDP), as assessed in 2012. Australia is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are mining, industrial and transportation equipment, food processing, chemicals, steel.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Australia is $1,137 billion. Each year, consumers spend around $852,558 million. The ratio of consumer spending to GDP in Australia is 69%, and the ratio of consumer spending to the world consumer market is 1.98. The corporate tax in Australia is set at 30%. Personal income tax ranges from 0% to 49%, depending on your specific situation and income level. VAT in Australia is 10%, and it is known as Goods and Services Tax. To read more click on economy of Australia.
Infrastructure of Australia
Infrastructure quality in Australia is rated to be at 4. It indicates a good quality - roads, railroad, ports and other facilities are adapted and regularly maintained to handle high levels of traffic at all times, as well as most probably there are special facilities for handling high intensity and/or special traffic or vehicles (e.g. motorways a.k.a. autobahns and deepwater ports).
In Australia, 100% of the population has access to electricity. There are 17,081,000 internet hosts in Australia. Australia has 480 airports nationwide.
The logistics performance index of Australia is 3.81. It indicates a good performance - the logistics system is well prepared and organised, shipments mostly arrive on time and do not suffer damage, and the infrastructure is ready to handle even unpredictably big amounts of traffic as long as it is not overwhelming.
Tracking possibilities for shipments are rated at 3.81. It indicates a good performance - the tracking systems provide detailed and up-to-date information about most of the parameters of shipments, as well as often transcend national (both political and linguisitc) barriers and may be qualified as international shipment tracking systems.
The number of road motor vehicles per 1000 inhabitants in Australia is 585. To read more click on infrastructure of Australia.
Politics of Australia
Australia, is a federal parliamentary constitutional monarchy. With regard to political and civil freedoms, Australia is 1. Citizens in Australia experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Elizabeth II.
According to the World Bank Group, the government effectiveness index of Australia is 1.59. This indicates that the government of Australia is very effective. Citizens enjoy highly effective social, public, and civil services, and the overall morale in Australia is high. Government actions are efficient and expeditious, and dangerous situations are highly unlikely as a result.In Australia, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Australia is 1.329. The strength of legal rights index for Australia is 11. Overall, it is considered to be rather strong - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders quite well; credit information is abundant and easily accessible. Australia is a member of the United Nations (UN). On 1 November 1945, it joined the UN at it inception date as a full member state. Australia is one of the original UN member states who founded the organization. Australia is a member of the World Bank. To read more click on politics of Australia.
Environment of Australia
Australia emits 16.5 metric tons per capita of CO2. 1470832 km² of Australia's territory is covered in forests. and forest land comprises 19% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Australia is 585. To read more click on environment of Australia.
Company formation in Australia
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Australia.
When establishing a company in Australia, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Australia that will affect the establishment and growth of one's business. Contact us or click on company formation in Australia to read additional information when setting up a business.
Bank account opening in Australia
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Australia. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Australia, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Australia or contact us.